Is Nvidia the New Cisco? Charts Revisit the Dot-Com Comparison
Pomp Letter's weekly chart roundup asks whether Nvidia is following Cisco's path. Cisco's shares peaked in March 2000 at the height of the dot-com boom and then fell for years. The post also covers chips, AI demand, the yen, and beer.
Why it matters: Booms driven by hype and cheap money tend to end in repricing, and a stock that looks like the market's winner can still lose most of its value when the money stops flowing.
Joe Carlasare Calls Bitcoin's Extreme Fear a Buying Opportunity Now
Carlasare says he is buying bitcoin while sentiment sits in extreme fear. He points to the move from 57,000 to 82,000 dollars in under 90 days earlier this year as proof that capital can return quickly. He rejects the view that new money cannot flood back in.
Why it matters: Fear-driven selloffs have always been when conviction holders accumulate, and a rebound from 57,000 to 82,000 shows how fast that setup can reverse.
Bill Miller IV: Bitcoin Supply Is Fixed Even as Sentiment Hits FTX-Era Lows
Bill Miller IV, Chairman and CIO of Miller Value Partners, joined BMTV hosts Grace Remington and Sean Hagan to explain why he remains bullish on Bitcoin. He made the case while market sentiment sits near FTX-era lows. His central point is that nobody is printing more Bitcoin, so its supply cannot be expanded the way fiat currency is.
Why it matters: A supply that no central bank or government can inflate is the core of the sound money case, and a well-known investor holding that view through a sentiment slump is worth watching.
Treasury Yields Hit 5.15%, Dollar Strengthens, Gold Posts Worst Week in Four Months
US 10-year Treasury yields climbed to about 5.15% and the dollar neared its highest level in roughly 19 months on November 13, even though October producer prices came in below forecasts. The annual inflation rate reached its highest level in three years, which revived talk of another Federal Reserve rate hike. Gold fell under the pressure of long-lasting high rates and posted its steepest weekly decline in about four months.
Why it matters: Every time the Fed signals higher rates, the dollar and bond yields strengthen and gold takes the hit, a reminder that scarce money still gets priced against central bank decisions, and bitcoin's fixed supply is not immune to that pressure.
Jensen Huang's Nvidia Exit Exposes the Real Threat to Investors
Pomp Letter argues that Jensen Huang's resignation from Nvidia matters less than the risks it signals for the wider market. The newsletter frames the danger as bigger than one executive's departure. Investors who treat the AI leader's exit as a single event may miss what follows.
Why it matters: When the market's favorite stock wobbles, pressure for easier money tends to follow, and that is the moment to ask who really pays for the bailout.
I wrote this from the headline alone. The source summary is only "To investors," so I could not read the article body. I did not verify the resignation or add any figures. Check both against the original before publishing.
Newsom Commutes 548 Death Sentences and Never Calls Murderers Criminals
In an open letter, Gov. Gavin Newsom explained his decision to commute the sentences of all 548 people on California's death row. He refers to the convicted murderers as "people with death warrants" and "offenders," and the word "criminal" never appears. The letter says these offenders caused "indescribable suffering" to victims, their families, and the state.
Why it matters: When a governor can cancel 548 death sentences by letter, the state's power over life looks like discretion rather than fixed law, and individual liberty depends on who holds that discretion.
Producer prices climb 6.5% annually, highest in nearly four years
The producer price index rose 0.3% in October, below the 0.4% increase Dow Jones economists had expected. That left the annual rate at 6.5%, the highest in nearly four years.
Why it matters: When money supply keeps outpacing the goods it chases, wholesale prices show the damage before shoppers feel it, and a hard-capped asset like bitcoin looks more like a refuge from that erosion.
This digest curates and summarizes news from multiple sources. All source links are provided for full context. Summaries reflect the author's interpretation and do not constitute financial advice. View all sources