Reformed Millennials
Reformed Millennials - Learn Earn and Invest
#193 - Google IO, Inflation and the Impact of Apple's AR/VR Headset
#193 - Google IO, Inflation and the Impact of Apple's AR/VR Headset
Should Gary Bettman be fired? And more on sports inflation and the implications of Google's IO.
Listen in podcast app
  1. Gary Bettman’s legacy

  2. Market Update

  3. Hard vs. Soft Landing

  4. Google IO - Bard vs. Open Ai

  5. Alberta Election is in 14 DAYS

  6. Recommendations and Predictions

Listen on AppleSpotify, or Google Podcasts.

📈📊Market Update💵📉

The Transcript does a fantastic job on twitter summarizing last weeks most important market topics: see the link here to their running thread.

What a year it’s been.

Markets are up, but the participation has been super thin, especially in the US.

The rest of the world east of North America, while tangled in war, are all knocking on all time highs. JC at All Star Chats sets the table well in his newsletter here: Quotes blocks are his.

S&P can’t make up it’s mind:


BUT everything else is doing fine: Check the Nasdaq

When you look elsewhere, you continue to see strength in places that you would not expect to see it if, in fact, stocks all over were about to collapse.


Highest weekly close for the Nasdaq100 since August.

The Japanese market is banging on the door of 52 week highs:


All of this is to say that while North American markets feel expensive and challenged. There are pockets of the global market that continue to show signs of promise.

Heading into the week ahead, market participants will continue to be pricing in the likelihood of recession.

I highly recommend checking out the Datatrek daily market update if you want to keep your finger on the pulse of markets and interest rates.

💸Reformed Millennials - Post of The Week

As a kid I spent a lot of time alone. Golfing. Reading. Watching sandlot…

Now that I’m 33 with a family, a phone addiction and a reasonably strong network… I find it hard to get to know myself to the same degree I did as a kid.

A quote from the article:

“If you want to live a happy and fulfilling life, it’s important to take the time to get to know yourself.

That means spending time alone, reflecting on your thoughts and feelings, and exploring your interests. It also means being honest with yourself about your strengths and weaknesses.

Once you know yourself, you can start making choices that align with your values and goals. You can also build stronger relationships and set boundaries that protect your time and energy.”

🎙Podcast & YouTube Recommendations🎙

  • Stan Druckenmiller appeared at Sohn and it is well worth the watch: Some of the things he talks about - Biotech, copper, silver, gold and the opportunity in AI.

  • Google IO: “Seven years into our journey as an AI-first company, we’re at an exciting inflection point. We have an opportunity to make AI even more helpful for people, for businesses, for communities, for everyone. We’ve been applying AI to make our products radically more helpful for a while. With generative AI, we’re taking the next step. With a bold and responsible approach, we are re-imagining all of our core products, including search.”

🔮Best Links of The Week🔮

  • Google IO and state of play in AI Source: Ben Thompson

  • Blumhouse: The Hollywood Horror Hit Machine - How Jason Blum turned "constraints breed creativity" into a business model. Source: Trungphan

  • All the tools and information you’ll need to track the Alberta Election - Source: Pocket Lobbyist

  • "Howard Marks, the co-founder of $172bn investment group Oaktree Capital Management, has warned that the boom in private credit will soon be tested as higher interest rates and slower economic growth heap pressure on corporate America. The 77-year-old billionaire told the Financial Times that big asset managers had competed aggressively to lend to the largest private equity groups as money poured into their coffers in 2020 and 2021, raising questions over the due diligence the funds conducted when they agreed to provide multibillion-dollar loans." Source: FT

  • "Smartphone applications developed by Chinese companies are spreading around the world, despite the growing trend of governments viewing them as possible security threats. Looking at the top five downloads in 95 countries and regions, Chinese apps such as TikTok accounted for a third of the total in the first quarter of the year, according U.S. research company Sensor Tower, which looked at downloads from Google and Apple distribution services. Of the total 475 top five apps for the first quarter, 156 were Chinese. That represents 33% of the total and an 8-point rise from 2020. ByteDance's TikTok, a short video sharing platform, was the most popular, hitting the top five in 82 markets, or 86% of the total. Its CapCut video editing app is also rapidly growing, reaching the top five in 48 markets, or 51% of the total." Source: Nikkei Asia

  • Bob Elliott twitter thread on inflation and CPI data - Source: Twitter

👉 For specific investment questions or advice contact Joel @ Gold Investment Management.

Investing in equities, fixed-income instruments and/or alternative asset classes involves substantial risk of loss. Any action you may take as a result of the information presented on this website, blog or in any Reformed Millennials Podcast (a “podcast”) is your own responsibility. By opening this page and/or listening to a podcast, you accept and agree to the terms of this full legal disclaimer. The information on this website, blog and in any podcast is presented as a general educational, informational and entertainment resource only. While Joel Shackleton is registered to provide investment advice as an Advising Representative with Gold Investment Management Ltd. (“GIM”), a firm registered as a portfolio manager and located in Edmonton, Alberta, this website, blog and any podcast does not provide, and should not be construed as providing, individualized investment, tax or insurance advice, nor as containing any recommendation to buy or sell any specific securities or otherwise make any other form of investment, or take any tax or insurance decision. Nothing contained on this website, blog or in any podcast should be construed or interpreted by you to mean that an investment in any securities presented or discussed would be suitable for you in your particular circumstances. Joel Shackleton and GIM specifically disclaim that any viewer of this website, blog or any podcast should rely in any way on any of their contents as investment, tax or insurance advice or as an investment, insurance or tax recommendation. Viewers are encouraged to consult with their individual investment advisor and other financial professionals prior to taking any potential investment actions or making any insurance or tax decisions. The views and opinions expressed herein are the personal views and opinions of Joel Shackleton and any other specific contributor to the blog or podcast only and do not necessarily reflect the views or opinions of GIM or any of its other registered individuals or employees. Joel Shackleton and GIM disclaim any obligation to update any of the information set out on this website or any blog or podcast going-forward.

In his capacity as an investment adviser with GIM, Joel Shackleton (or other representatives of that firm) may be buying or selling for clients of the firm securities presented on this webpage, in a blog or in a podcast concurrently, before or after any information presented therein, and may be acting for clients in a manner contrary to the information presented therein. 

Joel Shackleton and his co-host, Cam Pitchers, or members of their respective immediate households or families, own securities of the following companies mentioned therein: {GOOG, MSFT, AMZN, NVDA, AMD}. Joel Shackleton and Cam Pitchers personally are, or members of their respective immediate households or families are, paid by the following companies mentioned therein: {NONE}. Joel Shackleton and Cam Pitchers personally have, or members of their respective immediate households or families have, a financial relationship with the following companies mentioned therein: {GOOG, MSFT, AMZN, NVDA, AMD}.

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Reformed Millennials

Reformed Millennials - Learn Earn and Invest

The Reformed Millennials Podcast covers a wide ranging topic arc focusing on Sports and Investing. RM Pod is dedicated to identifying the latest trends in technology, sport and investing. We discuss the ways Millennials can leverage these trends to better invest their time, fandom and money.