WOYM: FOMC Reaction; Growth vs Value check-in; Animal Spirits
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
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Welcome to nonconsensus investing. I'm Ram Alowalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through
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everyone is doing well. We've had a busy couple of days, and a lot of action in the market. So I thought I would check-in and share some views, see how everyone is doing. So some highlights I wanted to walk through today. Like, one is the FOMC reaction yesterday. What does that mean for markets? What's the state of the bull market, growth versus value check-in, animal spirits? So before we get into that, by the way, so next week, got some holidays. I'll be spending some time, upstate New York. So my kids will be spending time with their grandparents, which should be great for me and my wife. R
have no clue. Before the best way to make money with Amazon, it looks beautiful. Let
me share my screen. So, you know, NVIDIA dropped this one day after SMCI released their earnings. You know that was intentional. Right? I mean, so okay. Here's,
to scale artificial intelligence and scale machine learning by 1 million times. Increasing the scale of machine learning by 1,000,000 times enabled, of course, the incredible breakthrough that we now know, Chad Gipit, the advent of artificial intelligence. AI will not take your job. AI used by somebody else will take your job. And so therefore, as the world continues to absorb and a embrace So I'll
put that in the notes, but there's a device that, Jensen, NVIDIA, introduced, which is essentially, is like a small edge AI computing device that, you can run local LLMs. So think about, like, Internet of Things, smart home devices. You know, obviously, automotive play a big part in all of that too. So what else? Anyway, I think those are the main highlights. Precious metals. We got a question on precious metals. Interesting question. I would say not excited about precious metals. Maybe gold. The reason why is that these commodities often trade like animal spirit names. And if I look at, say,
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