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Many people are asking, Who is Genseric? And why are the Vandals this far west??

He’s doing more with less, folks.

A supply-oriented Fed would be more likely to bail out or subsidize industry and less likely to help workers. Tracks with his not mentioning the employment side of the mandate at all so far. And leans dovish imo.

I wonder how much more room consumers have to keep spending (the bottom 80%, not the top 20% that overrepresent in data) if we’re going to allow the market to reprice debt (and let’s be honest, overcorrect on that) coupled with rock-bottom savings rates and higher tariff costs, among other things?

Short thread on the 3 hawkish dissents in this week’s FOMC. Since the Chair is saying nothing, we must listen to what the other committee members are saying.

In 1929, the crash everyone remembers takes place on the days leading up to the end of October. But really there are dips, rises back up, losses back down, it wasn’t a linear or sudden thing. And the market players back then didn’t think it would keep falling. Psychology feels rhyme-y today.

If you missed my late-viewing raw not-quite-sober thoughts on yesterday’s Warsh Presser I think I finally have a good grasp on how he will conduct policy. I’ll distill my skeets in this thread into a cogent statement soon. But to start: he’s not a leader, not a Keynesian, and not quite a stooge.

Stories like these make me feel so confident about my abilities as a trader. Am up 25% personally ytd, it’s not stellar but it beats these losers.

Took a lot of profits today. I am now out of chips and into only Alphabet in the AI space. Otherwise, I have contracts out on Disney, Pfizer, and Verizon.