did not know that All Ord was by invitation only. Elon is...

did not know that All Ord was by invitation only. Elon is savage. He wants to replace banks with an app - Twitter with a bolt on payment system. The Big 4 won’t be missed - think of all the C02 we could sequester. Good new is, Tesla and Nasdaq have aligned - they made their lows in Jan ‘23. DRE and Tesla are aligning. Their highs were out of sync by 10months, their lows by just over 2 months. Elon showed some Master Plan Empathy (for humans) at the Austin giga-factory event and Tesla fell by 5.85% overnight, HAS and DRE followed. Feels like HAS and DRE have a PLS/AJM sp relationship going (except AJM was spodumene only). Testing an overnight indicator/driver and a reason not to be concerned - a ‘rising tide lifts all ships’ model for a nascent REE supplier.

Tesla holders don’t want to hear about price cuts, Master Plans with a clear path towards an abundant sustainable future without extreme measures (eg. pop control). They want new models, not robots. Tesla is a buy atm. I think he has learnt a lesson from the Korean chaebol system where market share is more important than profits in the introduction of a new product and that he’s tired of being a rule follower. The prevailing economic narrative isn’t helping. Holders who sell are failing their Empathy Check saving throws.

Feels good being wrong about 0.08 holding, now I can write anything without fear of losing any cred. Seems like every time rates move higher fear strikes, equities retreat, recover, and then continue to climb. Looking at the long term AU10Y chart, resistance starts at about 4.8%! 2020 marked the reversal in bond yields, now they are rising with equities. ASX200 is about 10% below 8,000. At 12,000 NDX is about 28% below its high (16,000). Nasdaq has been the laggard compared to other domestic markets which are at/near their ATHs eg. London, AU200, Japan, Germany. There are so many sleepers/wildcards with DRE - it could diverge again but it is running with the pack atm which is okay because ASX200, NDX will make new highs this year. “I bet you $3 you will read this sign to the end” - sign a street person was holding outside the IGA today. 284/300