Devaluación del 50% y fuertes recortes, las primeras medidas económicas del Gobierno de Milei - YouTube#Argentina
Jim Bianco discusses Yesterday’s FOMC Meeting, Reaccelerating Inflation & Financial Conditions - YouTubeCurrent bull market, it seems to most. Sentiment is good among investors. Bianco says it might be premature, because if there are market gains people who made them will spend that, feeding inflation. Or has the Fed enacted an economy-cooling method that only slows down the poor while investors do fine?
‘Economic projections cannot be the only driving focus of your portfolios, because everyone last year was calling for a recession.’ - Marta Norton
Pair it with valuation, base case economic scenario, and the range of economic outcomes.
‘People were fooled by the yield curve at the start of this year, thinking we’d have a hard landing. And they didn't want to fight a Fed, but they're forgetting the Fed was fighting an inflation war, not a business cycle.' Tom Lee
'Improving liquidity, as investors took $240b out of stocks this year.'
$6t on money market funds.
All-in Podcast:
(9:29) Jury rules in favor of Epic Games over Google: How to handle the app store duopoly?
(23:21) OpenAI inks deal with Axel Springer
(35:02) FCC cancels Starlink subsidy, dissenting FCC Commissioner says federal agencies are targeting Elon Musk on Biden's orders ('A pattern of the Federal government harrassing Elon and his companies, and it all stems from Biden at that press conference saying ‘We gotta look at this guy.’
(58:25) Alex Jones reinstated on X
E157: Epic legal win, OpenAI's news deal, FCC targets Elon, the limits of free speech & more - YouTube FTX files revised proposal to end bankruptcy and return billions to creditors: CNBC Crypto World - YouTube Economy will slow 'substantially' next year compared to the current pace: Marathon Asset's Richards - YouTube ‘Year of the refi’. High-yield bond market, leveraged loan marketplace, private credit, all doing 12% plus this year. Credit has performed well. 2024 will be similar, but there will also be very strong volumes. M&A has been down. But as rates come down, it will unleash M&A and private equity.
Consumers will refinance into lower rates. Auto loans and mortgages. Corporate refinancing.