It’s a good thing I use a TP-Link router. What can’t be hacked these days? Are Meme coins the right answer to that question? Speaking off memes, did you read my latest FOMC Recap?
At least this the Dow ended its losing streak, NOT! Thanks Fed. There’s always FartCoin though.
We ended the day with the 2Y at 4.36% and the 10Y up over 4.50%.
On the day ahead it’s: BoE, 3Q GDP Final read, Jobless Claims, New Home Sales
XTOD: Beth Hammack popped the bubble. Nice thing to have on your CV.
XTOD: I don't know why the Fed cut. Progress on inflation is at least temporarily stalled. Demand is strong. Financial conditions have loosened. And this move is inconsistent with the implicit reaction function they previously set out. Likely not a consequential error. But still.
XTOD: Amidst the sea of red ink in markets today there remains one shining store of value in the green:
Fartcoin, who's market cap just hit $1 billion.
The safe haven asset of the future...
XTOD: Whatever Bitcoin is or is not is in the eyes of the "Beholder". One thing is for certain and is not a debate is that Bitcoin is NOT a currency. Sayler will be a fun one to watch
XTOD: Success comes down to doing the obvious thing for an extraordinary period of time, without convincing yourself that you’re smarter than you think you are.
https://x.com/dailydirtnap/status/1869482099092410762?s=46&t=D2AESCsaw42dAEzgmjXHQA
https://x.com/jasonfurman/status/1869459270145565008?s=46&t=D2AESCsaw42dAEzgmjXHQA
https://x.com/charliebilello/status/1869487362000224621?s=46&t=D2AESCsaw42dAEzgmjXHQA
https://x.com/alderlaneeggs/status/1869506675218297037?s=46&t=D2AESCsaw42dAEzgmjXHQA
https://x.com/shaneaparrish/status/1685609201442127872?s=46&t=D2AESCsaw42dAEzgmjXHQA
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