Eddie Donmez’s Post

BREAKING: US Inflation Comes In At 3.4% — In-Line With Expectations 🤯 Here's a breakdown of the full report: CPI 0.3% MoM, Exp. 0.4% MoM CPI 3.4% YoY, Exp. 3.4% YoY CPI Core 0.3% MoM, Exp. 0.3% MoM CPI Core 3.6% YoY, Exp. 3.6% Retail sales missed expectations, coming in at 0.0% vs 0.4% Exp. Yesterday, Powell reiterated a patient stance on rates: “we’ll need to be patient and let restrictive policy do its work.” “I do think it’s really a question of keeping policy at the current rate for longer than had been thought”. Looks like rates are on hold for now. Higher-for-longer.

In Case You Missed It: Tech Giant Apple Is Reportedly Closing In On A Deal With OpenAI To Put ChatGPT Into The iPhone 🤯 This would be a big deal. According to Bloomberg, the partnership would see Apple integrate ChatGPT into IOS devices to power a number of AI features. What makes this more interesting is that OpenAI have a big reveal tomorrow. It is rumoured to be a real-time AI voice assistant. Much more powerful than the current version. You would think that this could provide a massive improvement to Apple's digital assistant, Siri, in the future if a deal is reached. With ~2.2 billion active IOS devices worldwide, this deal would give OpenAI some incredible distribution. Wild. You can follow me, Eddie Donmez & Creative Capital for more insights like this!

BREAKING: Billionaire & Legendary Investor Stanley Druckenmiller Has Cut His NVIDIA Stake — "AI May Be A Little Over-Hyped Now But Under-Hyped Long Term" 🤯 When Druckenmiller speaks, the world listens. In an interview with CNBC today he said this: “We did cut that (Nvidia) and a lot of other positions in late March. I just need a break. We’ve had a hell of a run." After the sell-off in early April and subsequent bounce, Nvidia is still up +208% over the past year. But despite cutting his stake, he did say that he is as bullish on AI as he has ever been. And that it might be "under-hyped in the long term". Druckenmiller made a few extremely important points for investors to understand. He compared the current AI 'hype' with the 1999 internet bubble. Saying that if you bought the Nasdaq at the peak, you would have lost ~80%. But the amazing tech that emerged like the Apple iPhone, Facebook (Meta), Uber and the big payoffs didn't emerge until 4-5 years after that. And no-one anticipated how big 'the internet' really was going to be. He was hinting that we may not see something similar with AI but it could rhyme. Food for thought. You can follow me Eddie Donmez & Creative Capital for more insights like this!

BREAKING: UBS Smashes Forecasts — Reports $1.76 Billion In Profits Driven By Wealth & Investment Banking 🤯 The net profit beat was TRIPLE analyst forecasts. And marked the first profit after two consecutive quarters of losses following the CS takeover. And markets are loving the beat. Shares have surged 9% on the news, now up 54% over the past year. Revenue was up 7% YoY to $12.7 billion with Wealth Management and Investment Banking generating $6.1 billion & $555 million in revenues respectively. They also attracted $5 billion of net new assets for the wealth management division, now sitting at $27 billion. All while achieving $1 billion of gross cost savings. Powerful. Follow Eddie Donmez & Creative Capital for more insights like this! Subscribe free here: https://shorturl.at/sAFNP

The World's Largest Private Equity Firms 🤯 Here's the updated top 10 by assets under management (AUM): 1) Blackstone: $1,024 B 2) Apollo Global Management, Inc.: $671 B 3) KKR: $578 B 4) Ares Management Corporation: $428 B 5) The Carlyle Group: $425 B 6) EQT Group: $232 B 7) TPG: $222 B 8) Oaktree Capital Management, L.P.: $192 B 9) CVC Capital Partners: $186 B 10) Bain Capital: $185 B Follow me, Eddie Donmez & Creative Capital alongside 290,000+ other top finance professionals for more insights like this! https://shorturl.at/qAIZ1

Wow: Legendary Investor & Billionaire Warren Buffett’s Cash Pile Hits A Record High — $189 Billion 🤯 And this figure is expected to hit an eye-watering $200 billion by the end of Q2. Here’s what he had to say about it: “I don’t think anyone at this table has any idea of how to use it effectively, and therefore we don’t use it. We don’t use it now at 5.4%, but we wouldn’t use it at 1%. But don’t tell the Federal Reserve that.” Sounds like Buffett is pretty comfortable sitting in cash with short-end rates >5%. But is ready to deploy it if & when he sees an attractive opportunity. Not a bad idea when you see that Berkshire earned $1.9 billion in interest income alone in Q1… Firepower. Subscribe to my newsletter here: https://shorturl.at/qAIZ1

In Case You Missed It: The World’s Most Valuable Company Microsoft Has Just Signed The Biggest Clean Energy Deal In History 🤯 Microsoft has signed a major long-term deal with Brookfield Asset Management ($900 billion AUM) to develop renewable energy power capacity in the U.S. & Europe between 2026 and 2030. The $10+ billion deal will see Brookfield supply Microsoft with an eye-watering 10.5 gigawatts of clean energy to power AI data centres & cloud computing. This is a huge deal. In fact, it’s 8x larger than the previous biggest corporate renewable electricity purchase agreement. And will nearly double Microsoft’s renewable energy capacity. Chairman at Brookfield, Mark Carney, perhaps said it best: “The AI revolution powered by clean energy”. AI 🤝 Clean Energy Huge. Subscribe to my newsletter here: https://shorturl.at/qAIZ1

BREAKING: The World's Biggest Bank, J.P. Morgan, Unveils 'IndexGPT' — AI Powered Thematic Investment Baskets 🤯 Last year, amidst the wild hype around ChatGPT, J.P. Morgan filed a trademark for 'IndexGPT'. It mentioned “cloud computing software using artificial intelligence” for “analyzing and selecting securities tailored to customer needs”. But now according to Bloomberg, they are finally unveiling the product. So, what does it do? IndexGPT basically uses AI to identify investments that are associated with a given trend or 'theme' and creates investment baskets. According to the BBG article here's roughly how it works: Generates keywords associated with the theme --> Fed into a Natural Language Processing model --> Scans news articles etc --> Identifies companies associated with that theme --> Selects financial securities & creates thematic baskets According to CEO Jamie Dimon, JPM now employees in excess of 2,000 people working on AI. One thing is clear, banks are betting BIG on AI and rightly so. AI. Enjoyed this post? You can subscribe to my newsletter here: https://shorturl.at/qAIZ1

Wow: Google Paid Apple An Eye-Watering $20 BILLION Just To Be The Default Search Engine On Safari 🤯 Unsealed court documents revealed that payments reached $20 billion in 2022 according to Bloomberg. Remarkable.