Andrew Lokenauth | Personal

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[Andrew Lokenauth | Personal @AndrewLokeTFN]

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[Andrew Lokenauth @FluentInFinance]

Big day for stocks.

The S&P 500 closed at record highs.

It added ~$1 Trillion of market cap after the Fed cut interest rates by 0.50% yesterday.

We're closing in on a 20% gain for the year.

[Andrew Lokenauth @FluentInFinance]

Big week for interest rates:

1. The Federal Reserve is expected to cut interest rates this week for the first time since Covid.

2. Elizabeth Warren and US Senators sent Jerome Powell a letter asking the Fed to cut interest rates by 0.75% this week.

3. BlackRock says the Federal Reserve's interest rate cuts will not be as deep as the market expects.

Will it be a 0.25%, 0.50% or 0.75% rate cut?

[Andrew Lokenauth @FluentInFinance]

Sources to show the economy is doing better than many realize:

1. https://t.co/xfalDuNntl

2. https://t.co/3qoraQqwEz

3. https://t.co/s63iaDAfmP

4. https://t.co/NVWaVZf4JR

5. https://t.co/pRCtK0NkHQ

6. https://t.co/ahFUb7W7Pa

7. https://t.co/zFVf0HMEoU

8. https://t.co/1tdGKpG8bj

9. https://t.co/fOQ6X6bcjX

10. https://t.co/8rrGoZ3nUv

[Andrew Lokenauth @FluentInFinance]

Curious to see how accurate these markets will be compared to traditional polls.

[Andrew Lokenauth @FluentInFinance]

4. Prompts for Building confidence with Mock interview AI Agents:

a) "Can you simulate a mock job interview for [job title], asking a mix of behavioral and technical questions."

b) "Simulate a challenging interview scenario where the interviewer is unresponsive or critical."

c) "Can you provide feedback on my interview responses and suggest areas for improvement?"

[Andrew Lokenauth @FluentInFinance]

The S&P 500 has erased $1.8 Trillion in the first week of September.

It's the market's worst week all year.

@Kalshi now predicts a 79% chance of a 0.25% rate cut in September.

And a 32% chance of a rate cut over 0.25%.

How much do you think the Fed drops interest rates?

[Andrew Lokenauth @FluentInFinance]

The middle class use their time to make money.

The wealthy use their money to make more money.

And their money to buy back time.

[Andrew Lokenauth @FluentInFinance]

VanEck has $100 Billion in assets under management and has released its 2050 Bitcoin price predictions:

$52,386,207 Best case

$2,910,345 Base case

$130,314 Worst case

Thoughts?

[Andrew Lokenauth @FluentInFinance]

Many people say $100,000 isn’t a lot of money.

But 67% of American households make less than $100,000 a year.

$100,000 may not have the same purchasing power it did 10 years ago, but it’s still a lot of money for millions.

[Andrew Lokenauth @FluentInFinance]

Warren Buffett's Berkshire Hathaway $BRK.B just hit a $1 trillion market cap but still has a website that looks like it's from 1990.

[Andrew Lokenauth @FluentInFinance]

FED MEETING SUMMARY for 8/21/24 (everything you need to know):

1. Most members support a rate cut for July's meeting.

2. The majority see a September rate cut as highly likely.

3. Concerns were raised over the rising unemployment risks.

4. The outlook for economic growth in the second half of 2024 was downgraded.

[Andrew Lokenauth @FluentInFinance]

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[Andrew Lokenauth @FluentInFinance]

The S&P 500 is now 1% away from all-time highs.

And up 10% from the panic lows two weeks ago.

It will attempt to go for 9 straight green days today, its longest winning streak since 2004.

[Andrew Lokenauth @FluentInFinance]

6. Ask them to justify:

Put the burden of proof on them to substantiate.

“Can you walk me through your methodology for arriving at that number?"

[Andrew Lokenauth @FluentInFinance]

4. Odd numbers and precise figures:

Odd numbers and unusual precision feel more carefully calculated.

Proposing $49,431 seems more grounded than $50,000.

[Andrew Lokenauth @FluentInFinance]

3. Always ask for more:

Ask for more than you think you can get.

This gives you room to compromise while still ending up with what you want.

Make a first offer that resets their sense of what's acceptable. Then, "concede" toward your actual goal.

[Andrew Lokenauth @FluentInFinance]

2. The 6 P's:

Proper Prior Preparation Prevents Poor Performance.

Master your facts and leverage points to negotiate effectively vs. making hurried concessions.

[Andrew Lokenauth @FluentInFinance]

1. The power of silence and pauses:

Awkward silences create pressure.

After making an offer, stop talking and wait for the other side to respond.

Silence prompts the other side to fill the void, sometimes making concessions.

[Andrew Lokenauth @FluentInFinance]

JUST IN: Gold hits record-high and hits $2,500 for the first time in history.

Year-to-date, Gold is up +21%, its strongest year since 2020.

Why?

Interest rate cut expectations.