Good morning! Here are five things you need to know to start your day by baystreetamber.
You'd be forgiven if you have developed a complex about your investing prowess compared to the big shots down on Bay or Wall Street. When they make investments, it is called"smart" money. The implication being retail investors are up to their ears in"dumb" money. It turns out this is a myth. One of my favourite strategists, Savita Subramanian at Bank of America, looked at data going back to 2008.
: Threads hit 100 million users in just five days. That breakneck speed outpaces ChatGPT, which took two months to hit 100 million . What could that mean to Meta? Evercore’s Mark Mahaney has an idea. In a note to clients, he says over the next couple of years Threads could reach 200 million daily active users and generate US$8 billion in annual revenue. Shares of Meta are up more than one per cent in pre-market. In Greek mythology, Helen of Troy was the most beautiful woman on earth.
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