Tesla, Bitcoin, Netflix and Avocado’s are what I call the four horsemen of the millennials.
Today Tesla reported their numbers and the ‘robo’s seem thrilled. This chart from Marty on Stocktwits made me laugh earlier in the day:
Marty might be on to a new pattern…the Teslasaurus.
Netflix has been in a relentless uptrend. To give it some context, take a look at Netflix versus the movie theatre stocks:
Smart millennials know that it is avocados driving the market. Look at the prefect correlation between avocado toast sales and the S&P:
I am not joking about Avocado’s by the way. Take a look at $CVGW (Calavo Growers $CVGW):
Finally, not even a hard fork could stop Bitcoin. Bitcoin forked yesterday (I refuse to even try to explain it) and nobody blinked. I predicted it was the millennial Y2k event of 2017 and so far that is true.
The millennials may not yet be buying stocks but they are driving them.
Also published on Medium.