"Its not a donut hole, its a different kind of pastry" -Quote of the day from SCOTUS oral arguments 🤣

Sauna sesh Brendan Eder Ensemble - Therapy open.spotify.com/album/1f6VO4Ai…

For all the speculation and leverage, US broker dealers are flat since July

Relax guys, the entire private sector is circular financing

If energy is the AI bottleneck, then all that AI money flows to energy prices, right?

Noticing more likes on this one from last year, so updating to current data Oct 2025. Mood shift to say the least over the year. My view is that policy turned a massive tailwind into a generational own-goal.

🇺🇸🛍️Retail sales hanging in

Protect and cherish your contras.

In regards to discounting various measures of market breadth on account of index concentration — some of the weakest breadth shows up at times of high concentration. A feature not a bug. Chart from JPMorgan 2024.

CPI energy

lincoln express Updating my baseline outlook, now expecting 15-30% decline in stock indices anytime over the next year. I believe a major top is already in. It is possible to revisit it, but not exceed it in a meaningful way. I think energy prices can easily move higher in near term. I think

Pfft

Imagine Powell is backchanneling to BLS contacts for the actual data

LordPos3idon I think inflation keeps rising. Gov spending still positive for now but growth rate is decelerating. Treasury pays out more coupon despite rate cuts because weighted average coupon of treasury portfolio still rising with recent and anticipated issuance. Energy prices,

While the Oval Office is seemingly obsessed with adorning itself in fake gold, everyone else is out there accumulating the real stuff.

Margin growth y/y surpassed 45% in October

highkey a banger happy friday youtube.com/watch?v=gAal6f…