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Broken Pie Chart
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Content provided by Derek Moore. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Derek Moore or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
The Broken Pie Chart Podcast offers fresh looks at investment portfolio management, economics, markets, retirement planning, and more by simplifying and explaining important aspects of financial markets and the economy in easy to understand ways.
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314 episoade
Marcați toate (ne)redate ...
Manage series 2426951
Content provided by Derek Moore. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Derek Moore or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
The Broken Pie Chart Podcast offers fresh looks at investment portfolio management, economics, markets, retirement planning, and more by simplifying and explaining important aspects of financial markets and the economy in easy to understand ways.
…
continue reading
314 episoade
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1 Investors Get Bearish |Nvidia Earnings | Implied Volatility Broadcom | Effective Tariff Increase | Mag 7 Correction 35:11
35:11
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Derek Moore goes through last week’s pullback and Nvidia’s post earnings move. Then, looking at the AAII survey where investors got really bearish. Later, he looks at how the Mag 7 hasn’t made a new high since December but other things have. The yields are dropping at the same time forward PE ratios are lower after a slight increase in forward earnings expectations and the market dropping down. Nvidia kills earnings but sells off proving investing is hard Treasury yields ease Mag 7 vs the total world stock market ETFs Forward PE levels drop as markets retrace while earnings estimates rise US Effective Tariff Rate impact of various potential tariffs according to Goldman Sachs AAII survey goes full bear but is it justified compared to prior periods? Broadcom earnings and what the implied volatility suggests a 1 standard deviation move is Did the options market get the post earnings Nvidia move correct? Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Higher Jan & Feb Means Bull Continues? | Broadening Market Outside Mag 7 | Profit Margins Rising | International Outperforming | Nvidia Options & Earnings 47:48
47:48
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Derek Moore and Mike Puck talk about the resurgence of international stocks against the US. Plus, how the rest of the market has a similar performance to the Mag 7, indicating a broadening out of stocks in the S&P 500 Index. Later, they discuss what markets historically have done after being up in January and February. Profit margins are rising outside the Mag 7 names and looking at the expected Nvidia move around earnings based upon the implied volatility levels. S&P 500 Index 493 vs the Mag 7 year to date International stocks including emerging markets and developed markets shine against the US Profit margins continue to rise across the entire S&P 500 Index RSP vs SPY vs EEM vs EFA year to date performance relative to one another Average performance since 1950 for the S&P 500 Index after being up January and February Nvidia options before next week’s earnings announcement Calculate expected moves in Nvidia based on implied volatility Pricing the long straddle and short straddle on Nvidia pre-earnings Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Bond Rates Staying Higher | Forward PE Multiples | Implied Volatility During Earnings | Nominal GDP vs 10 Year Yield 36:46
36:46
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Derek Moore revisits the 1994-95 interest rate and market environment against the current backdrop regarding treasury yields and future S&P 500 Index returns. Plus, going through the case for higher for longer, whether that is good or bad for markets, and the adjustment the market would need to go through. Later, quantifying how sensitive the S&P 500 Index is to change in the forward PE ratio by putting into actual numbers and levels. Also, looking at Arista Networks and Alibaba before earnings and what the options market is saying their expected one standard deviation moves might be up or down. Finally, most people look at Real Inflation adjusted GDP, but Nominal GDP growth may be correlated to the 10-year yield and what that means if we go back to pre-GFC nominal growth rates. All this and more. What is Nominal GDP Growth Rate? What is Real GDP growth? The US Dollar index and whether we are out of the zone of significance yet? Inflation in services remains sticky Why interest rates staying higher isn’t necessarily a problem for the stock market Quantifying sensitivity of the S&P 500 Index to small changes in the forward PE multiple 1994-95 vs 2024-25 update around treasury yields, S&P 500 returns Alibaba and Arista earnings this week and their option implied moves How to calculate expected move around earnings based on implied volatility levels Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Unemployment | MicroStrategy Volatility Too Low? | Tariffs Are Fine for Markets? | Inflation Expectations Shoot Up 46:55
46:55
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Jay Pestrichelli is back with Derek Moore to react to the unemployment report. Was it good or bad for the markets and why? Plus, they review the last trade and tariff war from 2017-2018 and how the market actually did pretty well. Later, the latest survey on forward inflation expectations is now over 5%. Finally, they compare MicroStrategy’s implied volatility to Blackrock’s IBIT ETF and whether the options market is undervaluing MSTR’s IV. All that and more this week. Markets performance back in 2017-2018 when tariffs were enacted Inflation expectations shoot up due to tariffs Stock market performance during the 2017-2018 trade and tariff war MicroStrategy implied volatility Comparing MicroStrategy volatility to Blackrock’s IBIT Bitcoin ETF Looking at the breakeven on a long MSTR straddle and the risks Reviewing the unemployment report Will unemployment go down due to new government strategic focus? AI mentions on S&P 500 earnings calls 83% of mortgage holders have an interest rate below 6% US Non-Farm Payrolls consecutive positive months BLS forgot to fill in the monthly change on unemployment report? Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Tariffs | Market Fragility | Mortgage Rate Spread to Treasuries | Analysts Estimates Are Pretty Accurate 42:59
42:59
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Plăcut42:59
Derek Moore previews Palantir, Amazon, and Google earnings implied volatility expectations based on the option market. Plus, how currency movements may or may not mute new tariffs. Later, Derek answers a listener question on why mortgage rates (and bonds) have a spread between their rate and the 10 Year Treasury yield. Plus, digging into new data that shows analysts producing earnings estimates on the S&P 500 Index are pretty accurate as it turns out. Finally, what is market fragility and are we in a fragility period right now? What is market fragility? Analyst estimates vs actuals show analysts might know what they are doing 30-year mortgage rates vs the 10-year treasury Why is there a spread above treasuries What is reinvestment risk on mortgage bonds? Tariffs impact on markets How currency moves on the Canadian Dollar, Mexican Peso, and Chinese Yuan may blunt tariffs Will tariffs cause more onshoring and manufacturing in the US? Sentiment was tariffs would be used as a threat, then they’ll be short lived, so now what? Mentioned in this Episode Analysts are pretty good at predicting earnings from Sam Ro https://www.tker.co/p/analysts-earnings-estimates-accuracy Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Downside Protection is for Suckers? | Big Earnings Week | Percent of Time in Recessions | Bacon Egg & Cheese Inflation Index | Implied Volatility & Earnings 38:46
38:46
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Derek Moore previews Apple, Tesla, and Microsoft earnings by looking at the implied moves around earning by the options market. Plus, Bloomberg comes out with a new inflation gauge called The Bacon Egg & Cheese Sandwich index. Later, Derek talks about a new study which shows the percentage of time in recessions by decades. Oh, and reacting to a headline “hedging is for suckers” and why it’s wrong. Zero Hedge article headline “Downside Protection is for Suckers” reaction Percent of time in recessions Bacon Egg & Cheese Inflation Index from Bloomberg Implied volatility on major companies reporting earnings TSLA, MSFT, and AAPL How to easily calculate the options market implied 1-day 1-standard deviation move Why implied volatility moves higher pre-earnings Cost of a options Straddle trade around earnings Risks of a straddle trade both buying and selling the straddle Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Bitcoin Can’t Be This Easy? | S&P 500 Concentration Doesn’t Matter | Company Additions to S&P Performance | Implied Volatility Options Netflix Pre-Earnings 56:14
56:14
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Derek Moore is joined by guest co-host Mike Puck to talk markets including how people seem to think making money in Bitcoin is too easy and what that means. Plus, why the S&P 500 Index concentration may not be as big of a deal when looking at how the index changes. Comparing the top 10 market weighted stocks in 1997 to today. Later they discuss value vs growth performance, the dollar index, interest rates, and look at the implied volatility of Netflix options before earnings. Finally, they talk about how what seems obvious to all the CNBC talking head guests may not be the case. Concentration in the top stocks within the S&P 500 Index Comparing the top weighted companies today vs 1997 in the S&P 500 Index How today its all tech vs 30 years ago Why owning the S&P 500 Index is more active than you think Additions to the S&P 500 Index in 2024 and their performance Implied volatility in Netflix options pre-earnings Calculating the implied move around earnings based on implied volatility Looking at the ATM long straddle before earnings including the risk Dollar index and EPS in the S&P correlation Bitcoin believers are starting to think its too easy to make money Bitcoin maximalists have been rewarded, and Derek is still a skeptic Value vs Growth and why Value is a tough sell to money managers Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 It Matters When It Matters | Employment Too Good? | Interest Rate Problem? | Dollar Problem? | Earnings Still Good? | AI The 6th Great Innovation? 1:02:04
1:02:04
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Derek Moore is joined by guest co-host Spencer Wright to discuss the surge in bond yields, the surge in the US Dollar Index, and whether those two things might cause some near-term pain for equity markets. Plus, discussing whether AI Artificial Intelligence is a true next technological revolution and what it means for earnings. Then they talk semiconductors as the picks and shovels of AI and do some technical analysis reviewing the patterns in the S&P 500 Index, the Nasdaq 100, Semiconductors and bond yields. Oh, and there was the unemployment report that markets didn’t like in the moment as it was “too good” because does it mean the Fed is done cutting? All this and more this week! Bond interest rates surge as 10-year treasury hits 4.7% UK Gilt Bonds surge to a higher rate than when the government had to step in Unemployment surprises at 4.1% but market reacts negatively Fed rate cuts not priced in until October 29th meeting and 1 cut at that AI Artificial Intelligence – is it the 6th great sea change revolution? Semiconductors as the picks and shovels of AI Technical analysis triangle patters Technical analysis on NDX, SPX, and Semiconductors The trade weighted dollar index and impact to earnings due to currency exchange Are high rates bad or just the journey to get there first? Technical analysis book recommendations Mentioned in this Episode Encyclopedia of Chart Patterns by Thomas N. Bulkowski https://amzn.to/4gVExnm Technological Revolutions and Financial Capital by Carlota Perez https://amzn.to/3Wefgwd Technical Analysis of the Financial Markets by John Murphy https://amzn.to/3Wefgwd Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Market Pullbacks Data | Yields Keep Rising? | Forward EPS vs PE Ratio | MicroStrategy Implied Volatility | 1 Fed Cut in 2025? 43:43
43:43
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Derek Moore talks about the level of implied volatility in MicroStrategy and its performance relative to bitcoin. Plus, looking at how much future fed cut expectations have fallen for 2025. Later, Derek explains what drives returns looking at the forward p/e ratio vs forward analyst eps estimates for the S&P 500 Index, 2/10s US Treasury spread widening as yields rise, are 10 Year Treasury yields about to break out, and quietly crude oil has been rising. What would that mean for CPI and inflation navigation for the Fed? Bitcoin vs MicroStrategy Calculating implied 1 standard deviation moves based on options data MicroStrategy implied volatility S&P 500 Index analyst forward 1 year EPS estimates Forward PE ration level and whether it is a predictor of markets 1 and 5 years in the future Mag 7 net profit margins, earnings growth, and pe ratio vs the rest of the S&P 500 Index Looking at max pullbacks for each calendar year and subsequent year end returns S&P 500 Cup and Handle pattern in the 10-Year Treasury yield Fed Funds futures pricing and probabilities for future rate cuts in 2025 by the Fed How markets move based on multiple expansion/contraction and earnings estimates WTI (West Texas Intermediate) oil prices making a move? Oil as a part of the CPI inflation numbers Mentioned in this Episode JP Morgan Guide to the Markets https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/ Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 2025 Predictions | Un-Inverted Curve | China Deflation Tariff Solution?| Bitcoin Quantum Problem? 1:01:09
1:01:09
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Derek Moore and Jay Pestrichelli round out the year with some 2025 predictions on markets, rates, bonds, oil, bitcoin, the dollar, GDP, inflation, and gold. Plus, does Bitcoin have a Quantum Computing problem? What’s going on with deflation in China and is it the answer to potential tariffs? And news flash, the inverted yield curve is no more as the 10-year treasury yield rises above the 3-month treasury yield. All this and more! 2025 Predictions China Deflation including 10-year Chinese Government Bond yields falling China currency valuation, bond yields, and deflation a recipe to nullify US tariffs? Quantum computer by Google and can it mine Bitcoin? Will Quantum computers put Bitcoin wallets at risk? (part of our random predictions) The reversion or un-inversion of the 10 year and the 3-month treasury The inverted yield curve was the longest ever and didn’t cause a recession Will the un-inverted yield curve now cause a recession? VIX Index vs VIX futures spread Additions and subtractions to the S&P 500 Index Commodities including coffee, rubber, and cocoa rise Earnings season soon upon us Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 VIX Spikes as Market Has Tantrum | Fed Hawkish Cut| Inflation Not Getting to 2% | Dollar Index Breaks Out 1:02:50
1:02:50
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Derek Moore and Jay Pestrichelli react to the Fed meeting where people are calling it a hawkish cut and a reset of future expectations of where interest rates end up. Plus, the Dot Plots say long run PCE Inflation will only go to 3% not 2%. Later looking at the Trade Weighted Dollar Index breakout and if it will become a problem for earnings growth in 2025. Of course, the big news last week was the spike in the VIX as the market had a temper tantrum. Finally, they go into earnings expectation, price to forward sales ratio, real retail sales, and more and even a wacky (or not) Amazon prediction. Fed Hawkish Rate cut Fed PCE Inflation Dot Plot 3% long run target The Fed Pivot or Fed Reset in effect? The VIX Spikes as the market has a tantrum after Powell press conference Looking at current forward pe ratio for the S&P 500 Index now Earnings expectations and the strong US Dollar The US Dollar breaks out above resistance Forward Price to Sales ratio getting elevated? Goods vs services inflation PPI services is still elevated Would Amazon ever break out its business units to take advantage of AI and their chip? Greenspan fed vs Powell 1994 bull market vs this bull market and does it mean longer to run? Mentioned in this Episode Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 S&P 500 7000 By Year End 2025? | Multiples vs Earnings Growth | Inflation Still Too High? | Probabilities Calculated Using Options | Fair Share on Taxes? 49:58
49:58
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Derek Moore and Jay Pestrichelli gather once again to discuss whether inflation is too high for the Fed to aggressively cut rates more. Then, they talk about the probability of the S&P 500 closing or getting to 7000 by year end 2025. Plus, is inflation still too high looking at Core CPI and CPI Supercore for the fed to cut rates as much as projected. Later, they go into some myths on the US debt and foreign ownership of treasuries, US Dollar Index against some resistance levels, what does paying your fair share in taxes mean, and more. How probabilities are calculated based on option prices Current probability of the S&P 500 Index hitting 7000 by year end 2025 Difference between probability of touching and probability of expiring in the money Looking at the current forward PE ratio and multiple for the S&P Calculating theoretical year end 2025 S&P price at different earnings and multiples Is the PE multiple too high? US Dollar moves higher but coming up against resistance? Looking at who owns the $34 Trillion US Debt Percentage of foreign countries who own treasuries Many people think China owns more treasuries than it currently does How much does the Fed own of outstanding US debt? What does paying your fair share in taxes mean? Income comparisons when including government transfer payments (benefits) and taxes Data from New York City points to a small number of people paying most of the taxes CPI Supercore CPI Core and the Fed targets Shelter inflation How big of a company would SpaceX be if it went public? Broadcom hits $1 Trillion in market cap today Mentioned in this Episode CBO report on Distribution of Household Income https://www.cbo.gov/publication/56575 NYC Department of Taxation https://www.tax.ny.gov/data/stats/taxfacts/personal-income-tax.htm Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Hawk Tuah Crypto Scam? | United Healthcare CEO Single Stock Risk| Unemployment Breakdown | +29% S&P Years More Common| MicroStrategy vs. Bitcoin 1:04:27
1:04:27
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Derek Moore and Jay Pestrichelli cover markets including the news on the CEO of United Healthcare, the Hawk Tuah meme coin alleged scam, unpacking the latest unemployment report, how markets go up 29% or more in a year more often than you’d think, and how the rotation of voting members of the FOMC might be hawkish in 2025. Plus, checking in on the ratio of returns of MicroStrategy vs. Bitcoin. Plus, looking at the 53-month drawdown in the US Aggregate Bond Index and corresponding ETF. Hawk Tuah crypto meme coin alleged scam, pump and dump, rug pull etc (alleged) What is a pump and dump, or rug pull? Why would anyone buy a meme coin? Reacting to the news on United Healthcare’s CEO being murdered Understanding single stock risk and hedging Reviewing the components of the latest unemployment numbers Difference between the household and establishment employment survey Was there more unemployment or more new entrants that drove the number? US Aggregate Bond Index ETF AGG’s years long drawdown Bitcoin vs MicroStrategy relative performance since the recent all-time high in MicroStrategy Looking at the relative ratio of performance on the way up and since it’s retraced Who’s out and who’s in at the Fed FOMC voting committee in 2025 US Average Hourly Earnings Bloomberg’s AI program to identify how many S&P 500 companies mentioned job cuts Contribution to the US Unemployment rate Mentioned in this Episode US Unemployment report (the one with the unemployment rate percentage) https://www.bls.gov/news.release/empsit.nr0.htm Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Markets Getting Overvalued? | MicroStrategy Convertible Bonds| 1st Year Presidential Cycle | 2025 Year End S&P 500 Targets Lazy?| MicroStrategy Option Volatility 1:04:41
1:04:41
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Derek Moore and Jay Pestrichelli join up once again to talk about whether the forward PE ratio is getting overextended. Then, they discuss where we are in the 4-year Presidential market cycle, years with the most all-time highs, the US Dollar and interest rates, and PCE inflation numbers. Later, they get into the dynamics of the MicroStrategy convertible bonds and how they resemble options. Finally, they talk through the option dynamics on MicroStrategy include what the implied volatility is, what it is implying for a move over the next year, and what the breakeven levels would be on a 1-year option. Hint, it may be crazy! MicroStrategy convertible bonds explained MicroStrategy option implied volatility Price of the 1-year MicroStrategy straddle and breakeven levels 2025 Wall Street S&P 500 Index year end targets Looking at how many times the markets are average Inflation is still above the 2% Fed supposed target so what now? US Dollar index and interest rates Which year had the most intra-year all-time highs? 1st year of the presidential cycle and the market Forward PE ratios are extended so is that an issue? Makeup of the S&P 500 Index companies is different today than 40 years ago Checking in on earnings estimates Mentioned in this Episode Historical Market returns S&P 500, Tbills, Tbonds, gold, and housing since 1928 from Professor Aswath Damodaran and NYU Stern School of Business https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/histretSP.html Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…

1 Nvidia Gets Cheaper?|Buying Bitcoin vs Michael Saylor’s MicroStrategy | Dominos vs. Google | Historical Post Election Markets | Morgan Stanley Says 6500 SPX in 25’ 53:45
53:45
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Derek Moore and Jay Pestrichelli are back on the big 300th episode to discuss whether Michael Saylor’s ‘Bitcoin Yield’ makes sense and looking at why people are buying MicroStrategy vs just buying Bitcoin. Then they talk Nvidia earnings and how it is getting cheaper on a forward 12-month PE ratio basis even as the price has moved higher. Plus, they look at the options action on Nvidia right before earnings. Speaking of semiconductors, they look at a potentially bearish pattern in the SOX Index, the Dollar Yen pair getting back to August levels, and ask the question if you could have bought Dominos Pizza or Google at their respective IPOs, which one would you have taken and how its worked out. MicroStrategy market cap value vs the value of their total Bitcoin holding Wall Street Journal Jonathan Weil article on Bitcoin vs MicroStrategy What is the Bitcoin Yield? Forward PE ratio of Nvidia vs its price Nvidia earnings options action Performance of Dominos Pizza vs Google since their respective IPOs Median S&P 500 Index historical performance post-election and after inauguration US vs international vs The Dollar post-election performance Argentia ETF post Javier Milei’s election victory bullish move The Dollar Yen pair moves back towards the old August highs, but does it mean anything? Morgan Stanley and Goldman Sachs put a 6500 year end 2025 price target on the S&P 500 Mentioned in this Episode MicroStrategy’s Magical Bitcoin Machine article in WSJ by Jonathan Weil https://www.wsj.com/finance/investing/microstrategys-magical-bitcoin-buying-machine-uses-some-wacky-math-da7d85d0?st=AUzUiM Derek Moore’s book Broken Pie Chart https://amzn.to/3S8ADNT Jay Pestrichelli’s book Buy and Hedge https://amzn.to/3jQYgMt Derek’s book on public speaking Effortless Public Speaking https://amzn.to/3hL1Mag Contact Derek derek.moore@zegainvestments.com…
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