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Opening Bell Daily🔔

@readopeningbell

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linkhttps://www.openingbelldailynews.com/subscribe calendar_today18-03-2024 21:27:07

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Phil Rosen (@philrosenn) 's Twitter Profile Photo

Our team has published 370+ editions of our flagship newsletter to hundreds of thousands of inboxes + Bloomberg Terminals since launching in 2024. Tomorrow we publish a special report: A deep-dive on Gen Z's difficult economic outlook Subscribe here: openingbelldailynews.com/subscribe

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Bitcoin has crushed stocks, gold and bonds with a 29% annual return since 2018. Bitcoin's also averaged a 51% drawdown per year. Investors who held through the volatility have been rewarded. (h/t Matt Cerminaro Opening Bell Daily🔔)

Bitcoin has crushed stocks, gold and bonds with a 29% annual return since 2018. 

Bitcoin's also averaged a 51% drawdown per year. Investors who held through the volatility have been rewarded. 

(h/t <a href="/mattcerminaro/">Matt Cerminaro</a> <a href="/ReadOpeningBell/">Opening Bell Daily🔔</a>)
Phil Rosen (@philrosenn) 's Twitter Profile Photo

New from me: Inflation, housing costs and AI are crushing Gen Z's economic outlook and the numbers justify the malaise. Hard data confirms young people are not simply imagining the headwinds in the labor and housing markets—no matter how invisible these issues seem to older

New from me: Inflation, housing costs and AI are crushing Gen Z's economic outlook and the numbers justify the malaise. 

Hard data confirms young people are not simply imagining the headwinds in the labor and housing markets—no matter how invisible these issues seem to older
Phil Rosen (@philrosenn) 's Twitter Profile Photo

President Trump's tariffs have injected more uncertainty into markets than the 2008 financial crisis, dot-com bubble, 9/11, and the fall of the Soviet Union. (h/t Capital Group)

President Trump's tariffs have injected more uncertainty into markets than the 2008 financial crisis, dot-com bubble, 9/11, and the fall of the Soviet Union.

(h/t <a href="/CapitalGroup/">Capital Group</a>)
Phil Rosen (@philrosenn) 's Twitter Profile Photo

Jerome Powell won't cut interest rates because he expects tariffs to drive inflation higher. But his track record the last 5 years is riddled with missed inflation calls and policy errors. (Chart: Opening Bell Daily🔔)

Jerome Powell won't cut interest rates because he expects tariffs to drive inflation higher. But his track record the last 5 years is riddled with missed inflation calls and policy errors. 

(Chart: <a href="/ReadOpeningBell/">Opening Bell Daily🔔</a>)
Phil Rosen (@philrosenn) 's Twitter Profile Photo

New newsletter: A key economic indicator is flashing for all the wrong reasons. Copper hit a record high after Trump announced 50% tariffs on the metal. It was the biggest 1-day gain ever, but the price distortion was specific to US markets, Mike McGlone tells me. That surge

New newsletter: A key economic indicator is flashing for all the wrong reasons. 

Copper hit a record high after Trump announced 50% tariffs on the metal. It was the biggest 1-day gain ever, but the price distortion was specific to US markets, <a href="/mikemcglone11/">Mike McGlone</a> tells me. That surge
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We think its safe to say Boeing ( $BA ) has exceeded price target expectations much sooner than expected. Excerpt from the April 20th interview with Opening Bell Daily🔔 Access our free newsletter for more at LongVolReport.com

We think its safe to say Boeing ( $BA ) has exceeded price target expectations much sooner than expected.

Excerpt from the April 20th interview with <a href="/ReadOpeningBell/">Opening Bell Daily🔔</a> 

Access our free newsletter for more at 
LongVolReport.com
Phil Rosen (@philrosenn) 's Twitter Profile Photo

The White House budget office just accused Jerome Powell of mismanaging the Federal Reserve because of a pricey and "ostentatious" renovation of its HQ. This would be wild if Trump uses this as a reason to fire Powell from the Fed early (or even on time).

The White House budget office just accused Jerome Powell of mismanaging the Federal Reserve because of a pricey and "ostentatious" renovation of its HQ. 

This would be wild if Trump uses this as a reason to fire Powell from the Fed early (or even on time).
Phil Rosen (@philrosenn) 's Twitter Profile Photo

Investors are either so bullish they're ignoring tariff risks, or they don't think risks are serious enough to stop buying stocks. Equities and bitcoin are crushing records while volatility is collapsing, trade war be damned. Bulls like Ryan Detrick, CMT Sonu Varghese keep being

Investors are either so bullish they're ignoring tariff risks, or they don't think risks are serious enough to stop buying stocks. 

Equities and bitcoin are crushing records while volatility is collapsing, trade war be damned. Bulls like <a href="/RyanDetrick/">Ryan Detrick, CMT</a> <a href="/sonusvarghese/">Sonu Varghese</a> keep being
Phil Rosen (@philrosenn) 's Twitter Profile Photo

The S&P 500 is positive on the year but our team's Best Ideas portfolio is still beating the market by 9.2%. We publish 1 high-conviction stock per week sourced from the smartest investors in the world. This is a no-brainer membership for serious investors:

The S&amp;P 500 is positive on the year but our team's Best Ideas portfolio is still beating the market by 9.2%.

We publish 1 high-conviction stock per week sourced from the smartest investors in the world. 

This is a no-brainer membership for serious investors:
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Bitcoin price on this day the last 10 years: 2015: $290 2016: $660 2017: $2,362 2018: $6,229 2019: $11,363 2020: $9,237 2021: $32,737 2022: $20,230 2023: $31,475 2024: $59,209 2025: $118,775 $BTC

Bitcoin price on this day the last 10 years:

2015: $290
2016: $660
2017: $2,362
2018: $6,229
2019: $11,363
2020: $9,237
2021: $32,737
2022: $20,230
2023: $31,475
2024: $59,209
2025: $118,775

$BTC
Phil Rosen (@philrosenn) 's Twitter Profile Photo

Markets see just 6% odds the Fed cuts rates in July. Yet Jerome Powell has a track record of being late on policy dating back to the pandemic, well before Trump started calling him "Too Late."

Markets see just 6% odds the Fed cuts rates in July. 

Yet Jerome Powell has a track record of being late on policy dating back to the pandemic, well before Trump started calling him "Too Late."
Phil Rosen (@philrosenn) 's Twitter Profile Photo

Bitcoin is above $121,000 and BlackRock's $IBIT is leading the way. It's the fastest ETF ever to $80 billion AUM in just 374 days — 5x faster than $VOO. Great chart from Eric Balchunas. $BTC

Bitcoin is above $121,000 and BlackRock's $IBIT is leading the way. 

It's the fastest ETF ever to $80 billion AUM in just 374 days — 5x faster than $VOO. 

Great chart from <a href="/EricBalchunas/">Eric Balchunas</a>. 

$BTC