General News
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Iceberg?
Don't mention Icesave......Landsbanki......a minor shudder down my spine remembering how we had a large sum (between houses!) at risk back in the day...
https://www.theguardian.com/money/2008/nov/10/credit-crunch-savings-icesave for those unfamiliar with the episode -
Another solid session so far with new ATH. KLA +$100 to over $1,900
MU over $500 and Nvidia circa $209
Amazon also ATH @ $261Enjoy the weekend all
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Any thoughts on the comments from the BoE Deputy - https://www.bbc.co.uk/news/articles/c75kp1y43lgo
Struck me as a bit of a nothing comment - “an adjustment at some point”, but not necessarily “today, tomorrow, in 12 months' time”.Is she trying to prepare us for a big crash in the next couple of years?
Is she talking nonsense?!(meanwhile, have a great weekend all!)
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All I’ll sayMike, is the lady has worked at the BOE since graduation-she said the same in 24 and 25. Ask yourself why they say such things-high asset values create inflation. Economics at that level is theoretical and irrelevant to what we do. If she knew anything remotely correct she wouldn’t work at the BoE.
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Everyone has an opinion, some valid, some vacuous (mostly). The difference isn't hard to spot.
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Some perf figures:
Cobens Tech YTD +17.8%
Lifestyle +10%
Index 100 +5.13%
Equity +1.66%Nest Sharia +3%
Vanguard FTSE All-World UCITS ETF +4.76%
Fundsmith -7.3%
ARK negative
BIF Lusitania Tech -3%past performance is no indication of future returns.
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Morning Adam can you tell me the YTD for Gobal Growth please.
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Hi J,
GG YTD +6.15%-that is net of all fees
Regards
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The following companies will report earnings next week. We will post the expected guides and some pre-ER thoughts, early next week
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Sleeping is for wimps
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Brilliant results all round and some spectacular, GOOG beat any and all expectations, proving that AI is being monetised at pace. Earnings grew 100%-due to a huge space x revaluation(we spoke about that) however operationally which matters most, their business grew 30%-hard to fathom something this mature and large growing 30%!
Meta results were great and they raised Capex even more which naturally the market didnt like-we are not concerned.
KLAC beat all guide and raised but the sheer momentum of late resulted in an after market sell off-again, no surprises.
Amazon had its best quarter ever. AWS grew 30% in fact they grew everywhere. ATH for the stock
I'll start breaking down the note worthy aspects.
Generally the message is, not enough compute, accelerated Capex on AI! And obviously memory. The whole stack.We have no complaints, many holdings are up nicely and this reporting window has validated the existing valuations with room for expansion.
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Starbucks surprised with a beat and raise-popping the stock 8%
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Cobens Tech hit an ATH last night:
YTD +21.3%
1 Year +81.6%Past performance is no indication of future returns. Returns quoted are all after fees.
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Our Tech portfolio nudged 25% YTD today. 1 Year +110%
Congratulations to all.
Past performance is no indication of future returns
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Good news , onwards and upwards.
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I think a better way to describe the situation is. We have been rewarded by spotting the AI theme early, whilst markets will remain volatile due to specific sector risks (concern/doubt) and the wider geo political back drop, we do consider we are still in the early innings in regards the AI story. :).
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April’s(US) payroll gain of 115,000 is materially stronger than the 63,000 expected, which signals that labour demand is holding up better than economists had assumed.
Even though the prior month was revised down to 185,000, the key point is that hiring is still positive and broadly stable rather than collapsing. A flat unemployment rate at 4.3% reinforces that the labour market remains tight enough to support incomes without showing signs of rapid deterioration.
Futures positive
