@LizAnnSonders The tricky part is that "what really matters" for most people turns out to be the boring stuff that never makes a headline, while AI and rate hikes take all the attention. Curious which chapter was hardest to write for a non-finance reader.
@LizAnnSonders@NewYorkFed Hard to square this with your retail sales post a minute earlier: control group +1.4% while a regional services survey collapses. Soft survey data has been the pessimist all year, and prices paid barely moving at 69 says the cooling isn't reaching costs yet.
@bespokeinvest Five straight spanning two different Chairs points more at positioning into the meeting than anything specific Powell or Warsh said. And the 2018 streak only broke once the Fed blinked, which is a different kind of ending.
@BrianFeroldi The wrinkle is that PANW's platformization push chases the same network-security budget ZS lives on, so it's less which is better and more whether bundling quietly pulls seats off a pure play. Curious whether you weigh that against the multiple gap or net retention first.
@bespokeinvest The correlation tends to run hot whenever one macro driver is doing all the work, and right now oil and the 10-year are both pricing the same inflation story. The real tell would be crude rolling over while the yield keeps climbing.
@StockMKTNewz A 13% day that finishes at a new high instead of fading into the close is usually real buying rather than a squeeze unwinding. The next session or two is what tells you which one it was.
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