Genevieve Roch-Decter, CFA @_GR_Decter_

Former $100MM+ Money Manager • Seen on Bloomberg, FOX & VICE • CEO @grit_capital • A Top Finance newsletter on Beehiiv gritcap.io Not Financial Advice Joined September 2013

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

JP Morgan's "JPM Coin" now processes $1B daily The FIRST major digital token backed by a U.S bank. It lets wholesale clients transact in dollars and euros via private blockchain. A "retail version" is in the works. Aiming to gain more market share of JPMorgan's $10 trillion

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

🚨JUST IN: Canada enters technical recession. Q3 GDP: -0.1% Q2 GDP: -0.2% Probably nothing.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Good Morning Everyone! After a 6 week strike that put 45,000 workers on the picket lines, UAW reached a tentative deal with Ford, GM and Stellantis (Chrysler). Wage increase of +25% over 4.5 years. THIS MORE THAN THE TOTAL INCREASE IN THE PAST 22 YEARS.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Good Morning Everyone! McDonald’s beats earnings expectations in Q3. Why? Price hikes (inflation). EPS was up +19% and revenue was up +14% YoY. Fast food chains will likely continue to do well as the economy slows. Sadly, when times are tough, people choose cheaper but less

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

What recession? Everything is fine.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Good Morning Everyone! The CEO of JP Morgan, Jamie Dimon, plans to sell 1MM shares (approx. $140MM) starting in 2024. This is his first stock sale during his 18 year tenure. He owns 8.6MM shares total (approx. $1.2B). The sale is intended for "financial diversification and tax

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Call your mom.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Ridiculous businesses that zero interest rates created: - Buy now, pay later - Vending machines for cars - $2MM JPEG of rocks - Algorithms for buying homes - Metaverse offices When capital is cheap, weak ideas can raise billions. Nothing good happens below 1% Fed Fund rate.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

🚨Tech stocks have lost +$200 billion since reporting earnings. Despite mostly beating earnings, these stocks are getting hammered. Except for Microsoft – it’s gained +$75B in value! Next month: NVIDIA and Apple report in Nov. Fingers crossed 🤞

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Good Morning Everyone! U.S GDP soared +4.9% in Q3. More than DOUBLE Q2 growth. And the most since 2021. Notably, personal spending, accounting for nearly 70% of this surge, rose by +4%. Jerome Powell is probably shaking in his boots!

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Also worth noting: National Defense Spending up 8% 👀

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

🚨JUST IN: Billionaire Barry Sternlicht says biggest victim of Fed rate hikes is the US government. "The Federal government now has to pay 5% on $33 trillion dollars of debt” Key difference between now and aggressive hikes of the 1980s: "People who talk about Paul Volcker,

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

BREAKING: BlockFi emerges from bankruptcy. Bitcoin is up +106% YTD. Nature is healing.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

"The consumer is in excellent shape." Me: checking sales of luxury goods… - Gucci: -7% - Yves Saint Laurent: -12% - Bottega Veneta: -7% - Other: Balenciaga/Alexander McQueen etc: -15% Probably nothing.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

🚨 JUST IN: Jamie Dimon says risk of nuclear weapon being used is currently higher than at any time since the depths of the Cold War "If we’re not sitting here 100 years from now, it will be nuclear proliferation. It’s not our climate.” Agree?

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Good Morning Everyone! The year is 2035: - SEC approves +200 Bitcoin ETFS - Bitcoin more stable than bonds - Fidelity advertising Bitcoin for retirement - Bitcoin hits $10MM We live in a simulation.

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

Good Morning Everyone! Big week of earnings ahead. Let’s get after it! Tuesday: - Microsoft - Google - Visa - General Motors - Coca-Cola - GE - Snap Wednesday: - Meta - IBM - T-Mobile - Norfolk Southern - Moody's - Hilton - Boeing Thursday: - Amazon - UPS - Mastercard -

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Genevieve Roch-Decter, CFA @_GR_Decter_

2 years ago

🚨 JUST IN: CEOs Quitting at Record Pace, With Exits Soaring by 50% in 2023 1,400 CEO’s have left their positions so far this year Up almost +50% from last year. Highest on record since tracking began in 2002. What do they know? Are they jumping ship before the storm hits?