While I think Tesla is a shell game and grossly overvalued, those focusing on its decline over the past month should realize that it’s up +22% over the past six months (vs +5% for the US market). Elon has still made billions on the Trump trade.
March 7, 2025 at 1:16 PM
While I think Tesla is a shell game and grossly overvalued, those focusing on its decline over the past month should realize that it’s up +22% over the past six months (vs +5% for the US market). Elon has still made billions on the Trump trade.
Over the past month, four markets have shown concern about the US economy. Bond yields have dropped and are flirting with inverting, the US equity market has declined while international markets have gone up, expected volatility (options market) has increased, and the US dollar has weakened.
March 6, 2025 at 10:16 PM
Over the past month, four markets have shown concern about the US economy. Bond yields have dropped and are flirting with inverting, the US equity market has declined while international markets have gone up, expected volatility (options market) has increased, and the US dollar has weakened.