Jul 1 • 1HR 3M

The Bull Market Rages On, Longevity and The Power of Generosity

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Reformed Millennials
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.
Episode details
Listen in podcast app and follow below for the podcast topic arc.
  1. Joel breaks down the returns of the 10 biggest stocks in 2003 over last 20 yrs

  2. Market Update

  3. Thoughts on longevity

  4. Recommendations and must listens

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📈📊Market Update💵📉

Apple is now a $3 Trillion Dollar USD Market Capitalization and the Nasdaq 100 had it’s best first half EVER rising 39 percent… Does that sound like a bear market to you?

Today is the last day of Q2 and the S&P500 is up over 7% for the quarter.

The S&P500 was also up over 7% in Q1.

And it was up another 7% in Q4 last year.

Along the way, we've seen consistent sector rotation and an expansion in market breadth, both among sectors in the U.S. and in countries around the globe.

Datatrek’s thoughts on Big Tech:

US large cap tech is up 37.5 pct YTD versus +22.0 pct for small cap tech. Large cap tech’s top 5 holdings (58 pct of the index) are up an average of 73 pct YTD. Small cap tech’s top 5 holdings are only 22 pct of the index and they are underperforming large caps (+64 pct YTD on average). Moreover, small cap tech is lagging large cap tech by 15.4 percentage points over the last 100 days, over one standard deviation below the average. History says US small cap tech is unlikely to meaningfully snap back relative to large cap tech over the next 100 days amid still-tight financial conditions.

Twitter links from the pod:

🎙Podcast & YouTube Recommendations🎙

  • The Quantum Realm I The Compound & Friends #99

  • Kevin Kelly - The importance of kindness and generosity

  • Dithering podcast - How Elons Starlink Works

🔮Best Links of The Week🔮

  • Software That You Can't Shut Down - The term “censorship resistant” is used a lot in the decentralized computing/web3/crypto space to talk about a core feature of these systems. I don’t love the term censorship resistant because it is a wonky term. Source

  • Why you believe the things that you do - Morgan Housel

  • "Despite a bloated pipeline of companies waiting to go public and a rebound in tech stocks that pushed the Nasdaq up 30% in the first half of 2023, the IPO drought continues. There hasn’t been a notable venture-backed tech initial public offering in the U.S. since December 2021, when software vendor HashiCorp debuted on the Nasdaq. Across all industries, only 10 companies raised $100 million or more in U.S. initial share sales in the first six months of the year... During the same stretch in 2021, there were 517 such transactions, highlighted by billion-dollar-plus IPOs from companies including dating site Bumble, online lender Affirm, and software developers UiPath and SentinelOne." Source: CNBC

  • Liberal Bill forcing Google and Meta to pay for content - Source: BNN

  • "For years Microsoft has kept a lid on details about the true size of its Azure cloud server rental business, making it impossible for investors to know how Microsoft’s cloud operations unit stacked up against industry leader Amazon Web Services. But this week, thanks to antitrust regulators, the world got a peek under the lid. Azure generated half the revenue of its primary rival, Amazon Web Services, in the 12 months ended June 2022... That means Azure’s share of the market was several percentage points smaller than some analyst firms had estimated. That could change investor perceptions of Microsoft’s success in cloud, suggesting it hasn’t done as well as widely believed." Source: The Information

  • "Four volunteers entered a simulated Mars habitat on Sunday, where they are expected to remain for 378 days while facing a range of challenges designed to anticipate a real-life human mission to the red planet. During their time inside of the 3D-printed, 1,700-square-foot habitat, the crew is set to carry out an array of "mission activities," including simulated spacewalks, robotic operations, growing of crops, habitat maintenance, personal hygiene and exercise, according to NASA... They crew will also face a series of obstacles that likely mirror those of a true Mars mission, as researchers simulate conditions like resource limitations, equipment failure, communication delays and environmental stressors." Source: CBS News


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