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Last week, people saw the 7% spike in the S&P 500 and called it a relief rally. Markets breathed. Volatility cooled off for a moment. But what actually happened wasn’t just a response to Trump’s sudden 90-day tariff pause. It was a pressure release after days
Let’s talk markets. Specifically, let’s talk about what just went down (literally) in the Nasdaq this week. If you’ve been paying attention—or maybe even if you haven’t—it’s gotten pretty ugly pretty fast. I even tweeted something about it: Markets take the stairs up
The drop happened fast! If you blinked sometime in February, you might’ve missed that we were at new all-time highs. Now? We're in full correction territory. Just yesterday, the S&P 500 fell more 2%, and now close to 10% in less than a month. Not
Did you know that 56% of Wisconsin’s agricultural exports could be impacted by tariffs from Canada, Mexico, and China? Wisconsin now represents the 11th largest exporter of agricultural products in the U.S., up from 13th in 2023 (WI DATCP). In 2024, Wisconsin’s agricultural exports reached $3.97
So, here’s something no one seems to be making a big deal about: tariffs are rising fast, and they’re dragging the US economy down. You won’t hear much about it in the headlines, but the effects could start to pile up. Higher prices, weaker growth, and more
Quantum computing stocks are taking off in 2024. Is this the start of something big? Let’s take a closer look
Google’s Chip Changes the Game
Google’s new Willow chip, a 105-qubit processor, hit a big milestone:
- Fixed Errors: It solved a 30-year problem by cutting down error rates as qubits increased
🤖
Google’s Willow chip performed a task in 5 minutes that would take today’s computers 10 septillion years
The Quantum Stock Surge
Quantum computing stocks are frothy these past 3 months, fueled by Google’s recent breakthrough:
- Quantum Computing ($QUBT) up 1,777%
- IonQ ($IONQ) up 260%
- Rigetti Computing ($RGTI) up 1,104%
How Google's Stock Reacted
Google’s announcement of the Willow chip caused a quick spike in their stock price. So far this year, $GOOGL is up 41.4%.
Are Quantum Stocks Expensive?
Looking at the Price-to-Sales (P/S) ratios for each company, we see just how pricy these stocks have become compared to a year ago, per morningstar:
- Quantum Computing:
1 Year Ago: 278 → Today: 4,982 - IonQ:
1 Year Ago: 126 → Today: 246 - Rigetti Computing:
1 Year Ago: 8 → Today: 153
The speculation is through the roof! At today’s valuation, buying 1 share of Quantum Computing stock means you’re paying a premium of nearly 5,000 years’ worth of its current annual revenue.
Here's some takeaways:
- Quantum stocks like QUBT and RGTI surged over 1,000% in the 3 three months
- Valuations have soared.. QUBT’s P/S ratio, for example, jumped from 278 to 4,982 in just a year
- This sector is promising, but it's still speculative, with most risk tied to volatility