We're 17 years into the crypto revolution and one of the big debates in financial services this year is whether or not credit card companies should be capped at charging 10% interest rates. It's as if this whole thing has solved absolutely nothing. If it all disappeared tomorrow, how would we know?
If I've said it once, I've said it a thousand times:
Abolish price-weighted indices.
Parent to small children here:
If you feel like you can't make rational decisions on raising little people without consulting the computer, maybe just go to therapy? Parenting is a biological response. Not to say you can't use different tools but... come on.
The 52-week low list is heavy on consumer staples -- and small-business proxies:
ADP
Paychex
GoDaddy
Comcast
Charter
Deckers
Conagra
Colgate-Palmolive
Clorox
General Mills
Hormel
Kraft Heinz
Fiserv
Progressive
@cnbc.com
Just say you aren't a fan of happiness and enjoyment 🤷♂️
...during pumpkin spice season no less!
While tempers may be running high, just a reminder for you and the health of my notifications....
Just realizing I'm "of course that MS stands for Microsoft, it started as a JV..." old and it's making me very uncomfortable.
I wrote a paper in college about education (specifically college education) as a Giffen good that got me an interview with Gary Shilling many a year ago. He seemed to be fascinated by the topic of the increased cost of education (not so much my paper). Long story short, yeah not a good thing.
That’s a wrap. The top is in.
Thank you for your attention to this matter.
We need this more than you do, you'll be fine 🤣
Ah, great. Just in time for my 40th birthday in a month.
This is, objectively a bad thing. Good, reliable data helps give folks a sharper view of our economy and potential bumps in the road. This could end up like driving in a storm without your wipers. Not recommended.
*Taps the sign*
Good morning.
Welcome to my entire life bud...
I'd like to think @steveliesman.bsky.social got lost on his way to hang out with me and talk economics. Always a joy to hear him talk at length, nonetheless
I, for one, am tired of [gestures broadly]. I have grown weary of [points in all directions simultaneously].
Just a point of fact: No, not all US beef is hormone treated. But also, the economics of American beef don't always work in Europe. There are tons misconceptions about US food that are silly in today's world. The trade deal is light on substance, but lets not disparage US beef producers.
TELSEY begins tracking price increases over the past week. Some highlights:
* Abercrombie jeans: up 33%
* Amazon Echo: up 38.5%
* Target / Barbie doll: up 42.9%
Add, "well, you knowwww" to the list. Geez I really need to make a change 🫠
The irony in all of this of course is that a major reason why the Fed isn’t cutting rates is the uncertainty created by Trump’s own tariffs
This feels like a very important piece of news....
S&P 500 sees its 3rd best day post-WW2. BUT... the 1st and 2nd best days were in Oct, 2008. 🤷♂️
NASDAQ posts its 2nd best day ever.
Dow sees biggest POINT gain ever.
Tech Sector has best day since 2001, Discretionary and Comm Services best day since 2008.
Tariffs still in place:
—125% on Chinese imports
—25% on steel, aluminum and auto imports
—10% on nearly all other imports
Tariffs coming:
—On copper, lumber, semiconductor and pharma imports
—And maybe on other countries, depending on how the next 90 days go
And the S&P 500 is up 9% on the day
Thanks for playing. Drive home carefully.
S&P up 4.05% at the high, ends the day down -1.57% and post first close under 5K since April, 2024
