What Fed will we see at next week’s FOMC meeting?
We currently have 6 rate cuts priced in for 2024. There is zero chance Powell supports that during his press conference. Especially given that increases in long rates were a key reason for backing off of more tightening. They…
The amount of crash calls for Monday are insane on my timeline. My spidey sense is that the bears are going to learn a painful lesson that trading bear markets are tough and the biggest rallies come in bear mkts. Let’s see.
I read your 2020 annual letter with interest, @chamath. Odd it was published in late May, but we’re all busy. Before commenting on this incredibly bad take of a comparison to Berkshire Hathaway, allow me to help you with some math. First, 1965 to 1974 is TEN years, not nine. 1/
@SantiagoAuFund@MetreSteven@coloradotravis Spoke yesterday with the head of one of Ohio's largest debt collection operations and chief bankruptcy counsel at a top Ohio law firm. They both confirmed my suspicions. Collections are dead, but not because bills are being paid.
Insiders, the smartest money out there (unlike hedge funds) are offloading stocks like almost never before.
They bought a lot in March 2020, but have really been selling with both hands since November 2020.
By some measures, insider selling is intense like early 2007.
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