2024 started with a sell-off in tech stocks following Barclay's downgrade of Apple shares and a higher 10Y yield, with the 10Y crossing 3.95%. On the day ahead it's Richmond Fed's Barkin, JOLTS, ISM Manufacturing and FOMC Minutes.
XTOD: Scratching my head over the debate about whether inflation was caused by supply constraints (team transitory) or excess demand. Inflation is a result of imbalances between the two. Pouring massive monetary stimulus into a supply constrained economy was going to inevitably lead to inflation.
XTOD: I knew the 90s were back, but I didn't realize it was so back that Abercrombie and Fitch shares are at all-time highs. The stock is now at 90.96, with a 690.96% all time percentage gain.
XTOD: Jimmy Kimmel threatens legal action against quarterback Aaron Rodgers for suggesting that his name would be on the Epstein associates list.
https://x.com/SheilaBair2013/status/1742235659480236430?s=20
https://x.com/TheStalwart/status/1742324587181097041?s=20
https://x.com/CollinRugg/status/1742330358975390122?s=20
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