has sold off pretty consistently since Powell presser
March 25, 2025 at 11:44 AM
has sold off pretty consistently since Powell presser
Yes. I mean a key thing over the past decade has been the flows have dwarfed the economics in terms of fx impact. Think AAPL p/e.
March 10, 2025 at 5:09 PM
Yes. I mean a key thing over the past decade has been the flows have dwarfed the economics in terms of fx impact. Think AAPL p/e.
interesting that the fulcrum of FI has moved pretty far away from the front end. we steepen on high prints, flatten on low. newish regime and it makes sense with bar high in both directions for the fed.
February 13, 2025 at 2:20 PM
interesting that the fulcrum of FI has moved pretty far away from the front end. we steepen on high prints, flatten on low. newish regime and it makes sense with bar high in both directions for the fed.
wow great get. looking forward to listening.
February 7, 2025 at 12:27 PM
wow great get. looking forward to listening.
another (less significant) externality other than obvious of compute is data center financing, that has become big biz for privates. if compute has topped shouldn't the data center craze also?
February 7, 2025 at 12:25 PM
another (less significant) externality other than obvious of compute is data center financing, that has become big biz for privates. if compute has topped shouldn't the data center craze also?
its mostly an eagles fans thing, lets be real here
February 6, 2025 at 4:07 PM
its mostly an eagles fans thing, lets be real here
big swf's are a by product of either an fx policy (china, swiss to some extent) or an investment imbalance (gulf, norway). i dont think budget deficit is the relevant variable. but big swf's are really a "symptom" of large ca surplus.
February 6, 2025 at 8:38 AM
big swf's are a by product of either an fx policy (china, swiss to some extent) or an investment imbalance (gulf, norway). i dont think budget deficit is the relevant variable. but big swf's are really a "symptom" of large ca surplus.
im so into these charts (as you know). since 2017 a lot of these megas valuations just went up and to the right. id assume wmt earnings = roughly us ngdp. so 36x for something that will grow earnings 4-5% a year... these stocks have turned into cash equivalents it feels like to me.
February 6, 2025 at 6:09 AM
im so into these charts (as you know). since 2017 a lot of these megas valuations just went up and to the right. id assume wmt earnings = roughly us ngdp. so 36x for something that will grow earnings 4-5% a year... these stocks have turned into cash equivalents it feels like to me.
Won’t find sympathy here
December 8, 2024 at 8:52 PM
Won’t find sympathy here