Weird things happening under the surface on Tuesday. Momentum had its worse day since the Deepseek sell off. (@Marlin_Capital)
The robots are coming. Maybe a theme we will begin to see across the economy, companies doing more with less, even when it comes to real world problems. Amazon is processing more packages with less people. (
)I reviewed Octahedron’s A Few Things We Learned Report. It’s funny how things have changed since the end of Q1. So much talk about tariffs and they are hardly newsworthy nowadays.
This was the peak, Restoration Hardware reporting earnings as the tariffs were announced, nuking the stock price in real time.
Airbnb notes some user hesitancy in summer travel bookings.
Capital One seeing improving client health.
JP Morgan not seeing any signs of distress either.
However, Delta Airlines is seeing softness in air travel.
And Chipotle saw consumers reducing the frequency of their visits.
OpenAI is seeing different age cohorts adopting AI differently.
AI usage growth is shocking, Google saw 50x growth YoY and Microsoft 5x.
Meta has plans to automate the advertising process.
Over a long enough time horizon, every company becomes an ad company. DoorDash proving that as they hit $1B of advertising revenue.
You are underestimating how quickly autonomous vehicles are scaling. Waymo is completing 250k rides a week.