Kevin Zoul

Little bit of this, little bit of that. Here to learn and share.

[Kevin Zoul @KevinZoul]

@charliebilello @BarstoolBigCat Elon can buy all the professional sport teams

[SportsCenter @SportsCenter]

Madden Orlovsky had a heartfelt message for his family and friends in honor of World Autism Awareness Day 🥹

This was a special moment for all of us at ESPN. Thanks, Madden and @danorlovsky7 ❤️

[Peter Mallouk @PeterMallouk]

For the first time ever, the U.S. is spending more on interest payments ($1.23T) than on national defense ($1.16T).
The cost of past debt now exceeds the cost of protecting the nation.
The bill for decades of borrowing has come due.

[Kevin Zoul @KevinZoul]

@JeffreyBenson12 Are you able to share if Lane Kiffin’s departure from Ole Miss affected the spread? Or would it be essentially the same?

[Liam Blutman @Blutman27]

This is more disrespectful than planting a flag

[CSPAN @cspan]

Mark Cuban (@mcuban) testifies on Pharmacy Benefit Managers (PBMs) before the Senate

Full video here: https://t.co/sD3C0b5YLE

[Kevin Zoul @KevinZoul]

@QCompounding Send

[Ross Hendricks @Ross__Hendricks]

The math ain’t mathing

[Kevin Zoul @KevinZoul]

@QCompounding Send

[Dave Portnoy @stoolpresidente]

😂

[Ryan Detrick, CMT @RyanDetrick]

Leave it to @EddyElfenbein to explain what really happened on Monday. My oh my.

" On Monday, the stock market had an especially volatile morning. In just eight minutes, the S&P 500 rallied 5.66%. It then promptly lost 4.37% over the next seven minutes. We’re talking about several trillion dollars magically appearing and disappearing during less time than a lunchbreak.

What happened? Well, that’s a good question. It appears that Kevin Hassett, the Director of the National Economic Council, was being interview on Fox News. During the interview he was asked if the president was considering a 90-day pause for his tariff policies. Hassett clearly gave a non-committal answer (“the president is going to decide what the president is going to decide.”)

Somehow someone on Twitter took that for a yes and tweeted it out. That was from a small account (less than 1,000 followers), but soon a much larger account known as “Walter Bloomberg” reposted it, and suddenly, this was taken as serious news on Wall Street.

I should add that Walter Bloomberg is not connected with Bloomberg, the financial news service. His tweet came out at 10:11 am and by 10:12 am, CNN reported that cheers erupted on the floor of the NYSE. I guess that’s a good barometer of how unpopular the tariffs are on Wall Street.

At CNBC, the anchors were completely baffled by the market’s surge and by 10:15 am, they were reporting on the news. Soon Reuters was referencing CNBC but they were only going on what Twitter was saying. Soon people were referencing people who were referencing people who were just making things up."

[Bespoke @bespokeinvest]

The S&P 500 has declined 4.7%, rallied 8.4%, plunged 5.45%, bounced 3.1%, and dropped 1.5%...and the market has been opened for less than two hours.

[Eddy Elfenbein @EddyElfenbein]

This trading day is wild AF

[Stocktwits @Stocktwits]

There’s only one Oracle of Omaha $BRK.B

[Trung Phan @TrungTPhan]

when you’re sitting on $330B of T-Bills

[Clifford Asness @CliffordAsness]

Notice a trade deficit with a country we have bigger tariffs on than they have on us is just as bad as a trade deficit with the opposite. This has nothing to do with trade barriers or “reciprocity.” It’s just the idiotic notion that all trade deficits should be zero.

[Liz Ann Sonders @LizAnnSonders]

These are not small numbers

[Kevin Zoul @KevinZoul]

@truth_terminal q: send me some?

[Clifford Asness @CliffordAsness]

Bankrupt country goes into more debt to buy pet rocks. Both.