1. Drawdowns from Highs
Ben Carlson
2. NVDA Officially Hits -20% from Highs…Big Support Line
StockCharts
3. IGV Software Index Big Support Line
StockCharts
4. Blue Owl…In Danger of Hitting 2022 Lows
StockCharts
5. PLTR Palantir….Ran Back Up to 200-Day Twice and Failed
StockCharts
6. Luxury Industry in Severe Drawdown
Luxury Hangover? Inside the Industry’s Sudden Collapse
For the better part of the last two decades, luxury was the place to be.
A growing upper-class drove greater volumes, brands consistently raised prices, and profit margins expanded.
But starting around 2023/2024, cracks started to show.
And now, the entire industry is in a severe drawdown.
- Richemont: -25%
- EssilorLuxottica: -39%
- Hermès: -42%
- Ferrari: -43%
- Prada: -45%
- LVMH Moët Hennessy: -49%
- Kering: -58%
- Capri Holdings: -67%
Fundamental Charting
7. Hedge Fund Selling
Macro Charts
8. Space-X Private Shares …The Modern Day IPO-How Much is Priced In?
Barron’s
9. LNG Exports ….The World Does Not Have an Emergency Reserve
WSJ
10. Something to Live For: Lessons from the Science of Purpose
Sources of purpose are more universal than we might think.-Psychology Today Marianna Pogosyan Ph.D.
Key points
- Purpose in life is linked to physical and mental health benefits.
- A recent study identified 16 sources of purpose, examining how each predicts the three pillars of a good life.
- Across four cultures, people were similar in how they endorsed these sources of purpose.
In one of Kurt Vonnegut’s stories, God leaves it to humans to think of a purpose for everything, including “all this.” Purpose gives us something to live for. It also provides the foundation to pursue that something. In our day-to-day lives, in ways big and small, we experience the truth of what philosophers have long posited: the why leads us to the how.
In psychology, purpose is defined as “a central, self-organizing life aim that organizes and stimulates goals, manages behaviors, and provides a sense of meaning.” When our lives are guided by an overarching sense of purpose, we reap a wealth of benefits for our physical and mental health – from greater life satisfaction to a slower cognitive decline.
What are some of the common places where humans find their purpose?
As a poignant reminder of our shared humanity, we tend to derive purpose from similar sources despite the remarkable diversity of our lives.
The Pillars of a Good Life
A recent study explored the various sources from which humans find purpose and then mapped them onto the three fundamental pillars of a good life: happiness, meaning, psychological richness. The authors sought to understand how having different kinds of purpose predicted these three dimensions of a good life. From an initial pool of over 2000 open-ended responses from US participants, Mask et al. (2025) identified 16 common sources of purpose in life.
- Self-improvement – Becoming the best version of yourself through acquiring knowledge, exploration, pursuit of hobbies.
- Family – Providing for your family; having children; looking after your loved ones.
- Relationships – Forming and nurturing close connections with others, including friends and romantic partners.
- Religion/Spirituality – Living in alignment with your religious or spiritual beliefs and values.
- Recognition – Earning respect and recognition from others; having high social standing in professional, community or peer settings.
- Happiness – Taking pleasure in and enjoying life, being happy, feeling good.
- Self-sufficiency – Having the capacity to take care of yourself physically and financially; being free to choose your own path.
- Material Wealth – Accumulating wealth and material possessions; “buying whatever you want.”
- Internal Standards – Living in accordance with your personal principles, beliefs and values; “knowing who you are” and demonstrating authenticity.
- Positive Impact – “Making the world a better place.” Engaging in actions that promote charitable, political, environmental or scientific betterment.
- Mattering – Creating a lasting contribution and legacy; inspiring others; leaving an impact.
- Occupational Fulfillment – Discovering a sense of purpose and calling through work; excelling at your work.
- Persevering – Coping well with life’s challenges and persevering through adversity.
- Physical Health – Prioritizing caring for your physical health and body.
- Inner Peace – Cultivating gratitude, acceptance, mindfulness, and emotion regulation and savouring positive experiences.
- Service – Contributing to the well-being of others in your community; serving others and honoring your responsibilities.
