If you want to see the most fake price action ever, check the USDJPY and DXY, which has been magically Up Only heading into the Japan election this weekend. You'd think we discovered the cure to cancer and attained world peace in the past 5 days but it smells like a Sell The News on Sunday night after Japan has voted
Thats the old narrative, its not about weight loss, hair loss or ED anymore. HIMS is expanding its services to prevention and screening instead of just selling drugs to cure. Making money on medicine is less and less profitable especially with the new admin cracking down on drug prices and transparency of drug prices. Also Fin+Min works wonderful.
I think of Elon as a visionary inventor.
It's not his fault that no other company is bothering to really innovate today.
He won't get punished because, even though his timelines are wildly optimistic, he is at least innovating. Apart from the handful of tech leading companies, most are just regurgitating rubbish, or repackaging the same stuff. How many toothpastes does Colgate make now? Most tech companies are just dodging regulations, like Uber and a whole bunch of fintech. Sure you can invest in them so they destroy the fabric of society faster if you're really up for it.
The K-shaped economy is because of wealth inequality, it has nothing to do with AI. It's just, as an incredibly wealthy person, are you going to buy even more stocks of consumer staples with declining Birthrates and zero meaningful innovation, or are you going to buy Elons companies who are at least trying to do something and he usually gets you decent returns. (Buying nothing is not an option).
I don't think Elon is a good guy. I don't think he's a bad guy. I think he's a guy that loves to dream and innovate. It's kind of up to society to steer him. Right now, he probably talks to billionaires disconnected from reality that believe data centers in space will help cure the diseases already curable (if you have money) or feed people, who already could get food if they had money.