Happy Monday folks,
It’s a busy week on Wall Street. Big dawgs - Tesla, Netflix, IBM, GE Aerospace, GE Vernova, Intel and many others are set to report earnings.
For those new to the Godspeed publication, my focus during earnings season is the reaction to the earnings rather than the numbers themselves. I am a strong subscriber to the Post-Earnings Announcement Drift Theory. TL;DR - “An object in motion stays in motion unless acted upon by an external force.”
Before this week’s earnings, I want y’all to pause and reflect as to where we’re at. Everyone is calling this market a bubble. And yes, this may be true (if true, I want a BIG bubble), but just because it’s a bubble doesn’t mean markets can’t march higher.
Bubbles are great. They provide incredible opportunities to make money. As Soros said,
“When I see a bubble forming, I rush in to buy, adding fuel to the fire.”
The sheer thought of flying cars has me to believe a bubble is building in this industry. It’s hard to fathom eVTOLs receiving FAA Type Certification without animal spirits following suit.
And I’m not the only one. We have 2 great heuristics as to the palatable demand for innovation in aviation…
Here’s the first - a WSJ article from the weekend titled, The Age of Flying Cars Has Arrived.
And the second is a 3-minute clip I shared over the weekend showcasing the Jetson’s Air Games - a concept competitive aerial racing event where multiple Jetson ONE eVTOLs race head-to-head around a pylon course. In less than a week, the video has secured nearly 2.6M views and more than 7,000 comments…
Here’s my favorite comment via Chris-Wil,
Back in the 70s/80s when I was a kid, we use 2 dream about this kind of thing, it's finally here...😊I WANT ONE.
Chris, I want one too :)
Disclosure: This is not financial advice.
