Tuesday, July 23, 2024

Daily Economic Update: July 23, 2024

 Stocks rose as apparently the Dems are the party of big tech and the Republicans are the party of small business, or something along that narrative came out of Jim Cramer’s mouth (I think).  The 10y finished at 4.22 and the 2y is 4.53 as markets continue to digest politics.

In other news I once took a Delta flight on a bus, true story, so I’m not surprised with headlines that they continue to cancel flights due to Friday’s tech outage.

On the day ahead it’s politics and home sales, 2y note auction and tech earnings.

XTOD: America is wondering whether their president is alive or dead and it’s like the third weirdest thing that’s happened in the past 9 days.

XTOD: Atlanta airport is jam-packed. Mothers w/ small children on the floor in the terminal. Line for customer service is 1/2 mile long. No rental cars. Few hotel options. People’ve been stuck here 3 days.
If there weren’t bigger national news- @Delta CEO would be dragged to testify

XTOD: Crowdstrike now -30% in just a month since Jim praised it. Legend

XTOD: The price of success is paid in private.
Visible triumphs are built on invisible toil.


https://x.com/bridgetphetasy/status/1815526293376520221?s=46&t=D2AESCsaw42dAEzgmjXHQA

https://x.com/ctlyle1/status/1815464885540843610?s=46&t=D2AESCsaw42dAEzgmjXHQA

https://x.com/cramertracker/status/1815403380887675230?s=46&t=D2AESCsaw42dAEzgmjXHQA

https://x.com/shaneaparrish/status/1815403418946572296?s=46&t=D2AESCsaw42dAEzgmjXHQA

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