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Spike in single stock (ss) vol vs. index vol Storm under the surface

31% of the Russel 2000 Growth Index is unprofitable. $RTY

Sources of private equity value creation. Revenue growth is much more important now. Source: @BoringBiz_

Chart from GS shows how separations (like Holcim’s Spinoff of its North America Business) perform across various stages.

Tech sector weight adjusted for changes is above dotcom levels.

The Three Gorges Dam moved so much material closer to the equator that it added 0.06 microseconds to the length of each day. Source: @unherd
Surprising how good awareness about Meta’s AI is among consumers $META Source: @newconsumer

Hedge funds taking over EGB trading. Hedge fund activity represented 56% of volumes in the secondary market in 2023, up from 26% in 2018. This trend appears to have coincided with a migration of experienced staff from banks and asset managers to hedge funds.

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