@sonusv.bsky.social
Picked up tickets
Pumped to see you again and Compound and Friends live!
Pumped to see you again and Compound and Friends live!
May 3, 2025 at 12:28 PM
Picked up tickets
Pumped to see you again and Compound and Friends live!
Pumped to see you again and Compound and Friends live!
One note: core services ex housing is being dominated by financial services, which are imputed prices
Market-based PCE (which does include shelter) shows a more benign picture
That said, residual seasonality in Q1 & higher stock prices could prevent the Fed from cutting until June (after Dec cut)
Market-based PCE (which does include shelter) shows a more benign picture
That said, residual seasonality in Q1 & higher stock prices could prevent the Fed from cutting until June (after Dec cut)
December 11, 2024 at 9:04 PM
One note: core services ex housing is being dominated by financial services, which are imputed prices
Market-based PCE (which does include shelter) shows a more benign picture
That said, residual seasonality in Q1 & higher stock prices could prevent the Fed from cutting until June (after Dec cut)
Market-based PCE (which does include shelter) shows a more benign picture
That said, residual seasonality in Q1 & higher stock prices could prevent the Fed from cutting until June (after Dec cut)
And this time humdrum policymaking (including avoiding a fiscal cliff on 1/1/26) has to be done with a 220-215 majority in the House (likely 217-215 for the first 3 months)
December 1, 2024 at 6:20 PM
And this time humdrum policymaking (including avoiding a fiscal cliff on 1/1/26) has to be done with a 220-215 majority in the House (likely 217-215 for the first 3 months)
Completely simpatico with this!
November 29, 2024 at 1:04 AM
Completely simpatico with this!
Who’s buying stocks and bonds in 60/40 split?
NVIDIA 😉
Some fun data from their 10Qs 🧵
NVIDIA’s AI-based operating income
+115% from a year ago
+1900% from 2 years ago 🙌
So … a ton of cash coming in, but what’re they doing with it 🤔
1/
NVIDIA 😉
Some fun data from their 10Qs 🧵
NVIDIA’s AI-based operating income
+115% from a year ago
+1900% from 2 years ago 🙌
So … a ton of cash coming in, but what’re they doing with it 🤔
1/
November 26, 2024 at 2:59 PM
Thanks for sharing 🙏🏿
Such a great read (especially in the wee hours of the morning as I fight jet-lag on a quick trip to India). So much to think about.
Such a great read (especially in the wee hours of the morning as I fight jet-lag on a quick trip to India). So much to think about.
November 24, 2024 at 10:45 PM
Thanks for sharing 🙏🏿
Such a great read (especially in the wee hours of the morning as I fight jet-lag on a quick trip to India). So much to think about.
Such a great read (especially in the wee hours of the morning as I fight jet-lag on a quick trip to India). So much to think about.
This was so great by Michael!
November 24, 2024 at 3:36 PM
This was so great by Michael!
About the same … via Goldman
November 24, 2024 at 2:57 PM
About the same … via Goldman
Wrapping it all up 👇
NVIDIA’s overall purchases of stocks and bonds over the past year -
Stocks (their own): 59%
Bonds/Cash: 41%
Looks like NVIDIA likes the 60/40 portfolio, albeit with a wee bit of concentration 😉
/End
NVIDIA’s overall purchases of stocks and bonds over the past year -
Stocks (their own): 59%
Bonds/Cash: 41%
Looks like NVIDIA likes the 60/40 portfolio, albeit with a wee bit of concentration 😉
/End
November 22, 2024 at 1:02 PM
Wrapping it all up 👇
NVIDIA’s overall purchases of stocks and bonds over the past year -
Stocks (their own): 59%
Bonds/Cash: 41%
Looks like NVIDIA likes the 60/40 portfolio, albeit with a wee bit of concentration 😉
/End
NVIDIA’s overall purchases of stocks and bonds over the past year -
Stocks (their own): 59%
Bonds/Cash: 41%
Looks like NVIDIA likes the 60/40 portfolio, albeit with a wee bit of concentration 😉
/End
What about the rest of their cash?
They’re buying bonds!
Holdings of “marketable” securities 👇
Year ago: $12.8B
Q3: $29.4B
Increase of $16.6B split almost equally across treasuries & corporates
Cash equivalents (57% MM & 30% treasuries): +$3.6B to $9.1B
4/
They’re buying bonds!
Holdings of “marketable” securities 👇
Year ago: $12.8B
Q3: $29.4B
Increase of $16.6B split almost equally across treasuries & corporates
Cash equivalents (57% MM & 30% treasuries): +$3.6B to $9.1B
4/
November 22, 2024 at 1:01 PM
What about the rest of their cash?
They’re buying bonds!
Holdings of “marketable” securities 👇
Year ago: $12.8B
Q3: $29.4B
Increase of $16.6B split almost equally across treasuries & corporates
Cash equivalents (57% MM & 30% treasuries): +$3.6B to $9.1B
4/
They’re buying bonds!
Holdings of “marketable” securities 👇
Year ago: $12.8B
Q3: $29.4B
Increase of $16.6B split almost equally across treasuries & corporates
Cash equivalents (57% MM & 30% treasuries): +$3.6B to $9.1B
4/