Sorry if this post is incoherent. I wrote it with an experimental neuralink device while exercising "squatters rights" in a $2 million property in NY and taking Ozempic.
Who would you like to sue? We've got shoppers suing Hermes because Birkin bags are rare, expensive and they won't sell them to just anyone, you need to buy a bunch of other stuff to prove you're worthy first. On top of that we've got a suit against Starbucks because oat milk is a surcharge and some people are dairy intolerant (apparently lactose intolerance is recognized as a disability). I have decided to follow on with lawsuits against every company in the food and beverage category because: (a) healthy food is generally more expensive than junk food and (b) I have a kid with celiac, which requires him to be gluten free. Last I checked gluten free food is ridiculously expensive and not offered at every single restaurant. They shouldn't be able to limit my access to healthy food or charge more for gluten free food, right? Capitalism and Supply and Demand be damned.
Last week was a nice week for equities despite Friday's down day. The tensions around the terrorist attack in Russia and the failing ceasefire negotiations in Israel are reminders that there are plenty of geopolitical risks still out there.
We start the week with 2Y Treasuries at 4.60% and 10Y at 4.20%. Anyone willing to trade a 2's10's Steepener here?
More inflation data on the week ahead with the Fed's preferred PCE measure on Friday.
On the week ahead:
Monday: Fedspeak, new home sales
Tue: Durable goods orders, home price indexes
Wed: Gov Waller
Thur: Jobless Claims and a 3rd read of 4Q2023 GDP, UofM asking people about gas prices
Fri: PCE, Powell
XTOD: Doing what everyone else thinks you should is a sure path to the same results as everyone else.
XTOD: Take pride in your effort, not your talents. Your talents are a gift, you didn't do anything to earn them. You should take pride in what you do w/ them. True excellence comes from combining gifts with dedication and effort. (Working & studying hard/practicing consistently)
XTOD: Resendo Tellez, a 27 y/o from Wasco, California was Arrested earlier today after an Incident occurred this morning in which he was a Witness to a Fatal Accident at an Amtrak Rail Station, which involved a Person being Struck by a Train and Killed, before Tellez decided to then take the Severed Leg of the Victim and was later Filmed by a Passerby as he attempted to Eat the Human Leg.
XTOD: Breaking News - Pete Rose is now claiming it wasn’t him. It was his Translator ( pictured below) https://pbs.twimg.com/media/GJT_pbHXMAA34I6?format=jpg&name=900x900
XTOD: This week I reintroduced my Ultra-Millionaire Tax. It’s time for millionaires and billionaires to start paying their fair share.
XTOD: the lowest earning 40% of americans pay no income tax the top 1% of american earners pay 40% of all income tax
XTOD: Bitcoin: Crypto’s Original Use Case: The coin that Warren Buffet called “rat poison squared” is now a $1.3 trillion global asset sought after by some of the largest financial institutions in the world—with the potential to disrupt a wide range of markets.
https://x.com/ShaneAParrish/status/1771543134561824779?s=20
https://x.com/thegarrettscott/status/1771645173132353737?s=20
https://x.com/sentdefender/status/1771422636137939203?s=20
https://x.com/HurtsyIvania/status/1771321643320623499?s=20
https://x.com/SenWarren/status/1771262443110514843?s=20
https://x.com/micsolana/status/1771571656755929101?s=20
https://x.com/BitwiseInvest/status/1771195302587875465?s=20
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