1. Growth in S&P vs. Earnings
2. New-Highs for GOOGL
3. Space UFO ETF +41% 6 Months Leading Up to Election
4. Wow! This Might be the Stat of the Year
5. ADBE had NOT Made it Back to Highs Prior to Last Night’s Number
6. IBIT Surpassed $50B Assets in 227 Days
The Daily Shot Brief Cryptocurrency: The iShares Bitcoin Trust ETF (IBIT) surpassed $50 billion in assets in just 227 days, achieving this milestone five times faster than the previous record-holder, IEMG, which took 1,323 days. IEFA and VOO reached similar levels in comparable time frames.
Source: @EricBalchunas,@JackiWang17
7. Will 2025 See an IPO Boom?
CNBC reports that Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, is up 22% this year, many of the companies in that ETF are two years old or more. There simply has not been enough IPOs to repopulate it with newer offerings. There are now only 32 holdings in the ETF, with half that were there two years ago.
IPOs: Total raised
- 2024 YTD: $28.8 billion
- 2023: $19.4 billion
- 2022: $7.7 billion
- 2021: $142 billion (record)
- 2020: $78 billion
- 2019: $46 billion
- 2018: $47 billion
- 2017: $35.5 billion
Source: Renaissance Capital
Largest IPOs of 2024 (from IPO price)
- Reddit – up 364%
- Astera Labs – up 228%
- Rubrik – up 112%
- UL Solutions – up 80%
- OneStream – up 52%
- Waystar – up 56%
- Ibotta – down 15%
- Ingram Micro – down 1%
8. Increased Use of Employee ChatGPT
9. New Hedge Fund Launches Set to Hit 24-Year Low
Via Reuters: New hedge fund launches will ‘likely’ end the year at their lowest in 24 years amid tough fundraising conditions, hedge fund research firm Preqin said on Wednesday, based on numbers from the first three quarters of this year.
By the third quarter of 2024, hedge fund managers opened 123 new funds, the lowest number since at least 2000 when total launches reached 191, Preqin said. Hedge fund debuts peaked at 697 in 2017, according to its data.
10. Why Are Perfectionists Prone to Depression?
