Sunday Reads and Listens...Housing Affordability and The AI Slop and Confusion

Good morning…

Let’s get right to it…

Charlie’s week in charts is always great and so I will lead with it.

Pay attention to the housing affordability gap which I would call a new anger and misery index.

Rates rising, home prices rising and young people not being able to afford houses is not very American. Something will likely give.

Josh Brown has a set of great $NVDA stats and a reminder how markets can act irrational longer than you can remain solvent.

For example, The Gold ETF in 2011 corralled more assets than the S&P ETF. Today Gold is an at all-time high and I do not need to tell you how little interest their is in gold and how large the $SPY has become.

Next up, OM on way AI slop is the new spam.

Michael Parekh (ex Goldman head of Research) explains how AI is coming for financial analysts (we agree having invested in Finchat.io and Koyfin.com )

AI may not be something you care about or follow, but it is wreaking havoc on public software company valuations.

Last but least this week on subject of AI, get used to a more hallucinatory search experience (no mushrooms needed)

Onward to a fave subject of mine…streaming/entertainment

The ‘streamers’ continue to crush it with attention and growth.

Here is another interview of Netflix co CEO Ted Sarandos.

Have a great Sunday