On this week's episode Jacob and Dan sit down and talk about the difference between good or bad and better or worse, AI and all of the sudden new developments over the last week, the speculative stock boom, the VIX at multiyear lows, holding cash while the market is running, and Netflix’s and Meta’s ad strategy.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion
The Investment Fallacy of Good or Bad (https://www.fjellcapital.com/posts/the-investment-fallacy-of-good-or-bad)
What Went On
Let’s talk about AI
Microsoft (https://www.cnbc.com/2023/07/18/microsoft-stock-hits-all-time-high-on-new-copilot-ai-subscription.html)
Apple (https://www.msn.com/en-us/news/technology/apple-added-71-billion-to-its-market-value-after-news-that-it-s-been-secretly-building-an-apple-gpt-to-rival-openai/ar-AA1e7icN)
Meta (https://www.reuters.com/technology/meta-opens-ai-model-commercial-use-throwing-nascent-market-into-flux-2023-07-18/)
Speculative stocks are soaring (https://www.wsj.com/articles/tech-stocks-meme-stocks-crypto-investors-are-feeling-bold-again-f158812b?st=j78bddzehyo9jd4&reflink=desktopwebshare_permalink)
The VIX is way down, lowest since before COVID (https://www.axios.com/2023/07/19/the-stock-markets-volatility-index-points-toward-a-bull-market)
Did you miss it? (https://thisisthetop.substack.com/p/you-missed-it)
Key line: What you don’t want is your excitement around cash yields to prevent you from putting your money to work.
Netflix added 5.9 million subscribers in the quarter (https://www.cnbc.com/2023/07/19/netflix-earnings-show-strength-amid-media-chaos.html)
Ads on Threads (https://www.bigtechnology.com/p/advertisers-to-zuck-take-our-money)