Busy couple of weeks on results front
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Bravo Adam. Hopefully those numbers will be up tomorrow on the back of that. (And a question I need to ask 'coz I iz well fick: a bps is a tenth of a percentage point, non? Hence 190bps=19%?)
Are you chaps knocking off for Christmas this evening? If so then have a good one.
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1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
I've seen quite a drop this week, hopefully that's been somewhat reversed today. I actually surpassed my year end target on 7th December, which is very good, as I've not been making as many contributions as I should, as the cash has been needed elsewhere, but this week dropped back under that target.
Thanks Adam, hope you all have a great Christmas and New Year too.
PS. I'm still at work until Tuesday lunchtime.
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1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
I've seen quite a drop this week, hopefully that's been somewhat reversed today. I actually surpassed my year end target on 7th December, which is very good, as I've not been making as many contributions as I should, as the cash has been needed elsewhere, but this week dropped back under that target.
Thanks Adam, hope you all have a great Christmas and New Year too.
PS. I'm still at work until Tuesday lunchtime.
@Ronski said in Busy couple of weeks on results front:
1 bps is a hundredth of a percentage point, so 190bps would be 1.9%
What are Basis Points
Thanks, that's helpful.
Steve H - those are my thoughts exactly, but I'm not too fussed as my suspicion is that we're in a short-term updating mess with the US markets being severely disrupted yesterday. But I could be (and probably am) wrong.
I think that the IM boys have broken up for Christmas so don't expect to hear anything from them here until January. Given the huge amount of time they kindly spend keeping us updated then I hope they get a decent break. I'm kind of hoping that we don't hear from them for a while as they will need a break from both the markets and from us.
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I'm hopeful that they haven't broken up for the holidays, gave a drawdown instruction on 11th December and some of the transactions have taken place, some cash is floating about in the ether but bugger all has arrived at my end yet, my dashboard is a mess and I'm not really sure what the situation stands at
Hoping it all will be resolved Tuesday latest. Sure things didn't take as long last time I withdrew.
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Fund updates this morning seem low given what seemed like a good Friday on the markets?
@Adam-Kay are they still being updated or was I being over hopeful?
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I just checked for friday, my Vanguard ( largely global and SP500 ) went up about 0.38 and Cobens ( PHT ) ~0.34 so looks consistent. The individual items performance on spot prices at end suggested a better bump like you indicate ..... must all be down to the reporting of the funds timings .
Thats It , I promise myself not to look until next Friday close as an end of year wrap up. Best wishes and a Merry Christmas to everyone
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The stocks ended up 0.90 offset by 0.6 fx
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Hi Steve,
The currency was against us last quarter and in our favour over recent weeks. Not on Friday. With the Fed tempering expectations it’s a natural expectation.
Regards
Adam -
Morning All,
The dashboard is now up to date
Regards
Adam
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Nvidia Robotics initiatives. 2025, the year of autonomous machines.
Nvidia plans to launch its Jetson Thor computers for humanoid robots by mid-2025, targeting AI-driven robot enhancements.
Nvidia's new platform aims to improve robot autonomy, focusing on partnerships with Siemens, Universal Robots, and Tesla.NVIDIA is set to accelerate its development of humanoid robots in the next year, as Team Green is preparing to release dedicated compact computers under the "Jetson Thor" series.
NVIDIA Is Prepared To Capitalise On The "Humanoid Robotics" Hype As The Industry Is Expected To Grow Up To $195 Billion By 2029
When we talk about how AI is going to evolve from hereon, the one discussion in everyone's mind is automated robots, primarily since AGI has taken over the industry. Now, in a report by the Financial Times, it seems like the upcoming year will likely mark the next phase of the AI hype, where robotics will play a huge role in driving the markets further on. Team Green will introduce their next-gen "Jetson Thor" computing lineup in the first half of 2025, likely acting as a catalyst in the development of humanoid robots.
Tesla Optimus robot will utilise Nvidia hardware. This illustrates just how superior their technology is. If Musk could create an equal, he would. And whilst FSD (cars) has been quiet for some time, it will be cracked at some point. With Tesla valuation predicated on FSD, we have mentioned many times that Nvidia is likely to take a significant global share in this market due to their partnerships with Mercedes-Benz and its MBUX infotainment system, Jaguar Land Rover, Volvo, Polestar, Lucid, and robotaxis from Amazon's Zoox and General Motors' Cruise, Hyundai, BYD.It is said that NVIDIA has already recognised humanoid robots as the next big thing in the markets, which is why the company is building an ecosystem around the segment, offering software and hardware expertise. With the advent of genAI, coupled with how model training has now evolved to be done in stimulated environments(Omniverse), such as with Project GR00T, it has created the perfect setup for robotic advancement.
Dr Fan, head of Robotics at Nvidia said 'everything that moves will be autonomous. Every year from now will be the year of robotics. Here's to a wild 2025 ahead'
In other news ByteDance, the Tik Tok parent has managed to order $7B in Blackwell chips for 2025 provided it utilises the technology outside of China.
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Good to see you back Adam.
It seems that the hoped-for Santa Rally has disappeared along with the Christmas Booze, but I'm sure the fun will begin again soon. Thanks for the update about Humanoid Robots, and hopefully NVIDA will make the most of the opportunities!
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Stock futures are up materially as the market turns its attention away from interest rate cuts and onto the perceived positives from reports suggesting Trump will take a more restrained approach to imposing tariffs. It now looks like tariffs will be racheted up over time, allowing a period of negotiation.
The nasdaq is +200 in the futures market suggesting investors feel positive about the news.
The Labour market figures for Dec will be published shortly also.
In our opinion the final Biden Chip restrictions document-a 200 page amendment, which has 120 days to come into effect, will be repealed by Trump.
Bond yields- we don't see this as a big issue on the basis yields are rising because of strength in the economy(US), a somewhat different scenario in the UK where yields are rising because of debt demand. Interestingly you would normally see GBP strengthen under this scenario. However, it is actually weakening because investors are shying away from UK assets. Simple FX flow in play. Foreign investors are selling UK assets(in GBP) which is weakening the currency.
'Ask yourself, would you rather have growth+moderate interest rates, or no growth and very low rates'. Rates were higher previously and that didn't hurt wider spending. With rates even lower now(but not low enough for some) growth continues.
PM Starmers AI comments make little sense. UK PLC will invest £15B? By 2030 to 20X the speed of their computers? These are quotes from his news conference. Xai stood up their latest DC in 130 days. Nvidia powered computers have gained 1000X speed gains in 8 years so 20x in 5 doesn't make a lot of sense to me. But apparently the UK will lead the world in AI. Unless the govt adda zero to that 15B it won't get out of the blocks.
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I don't pay much attention to what Starmer says, they already cost me this years pay rise, so much for not hitting the working man in the pocket!
Most politicians are clueless when it comes to technology anyway.
@Ronski said in Busy couple of weeks on results front:
I don't pay much attention to what Starmer says, they already cost me this years pay rise, so much for not hitting the working man in the pocket!
Most politicians are clueless when it comes to technology anyway.
Ronski, you're wrong. ALL politicians are clueless when it comes to tech, not just most. KS's pitch was a classic "let's talk about something that is exciting and edgy, to make us sound like we are on-board with all this exciting and edgy stuff". Just a variation of "look at the shiny-shiny".
Thanks for your post Adam. Almost all of it went over my head, but it all sounds positive so what could possibly go wrong!
