momo

[momo @MoDaPro7]

@Globalflows Also, in terms of growth, the headline 3% growth figure hides an economy where real private domestic activity is waning. Final sales to private domestic purchasers considered the best gauge of underlying demand, showed to 1.2%, the weakest since 2022

[momo @MoDaPro7]

@Globalflows Agree on inflation risk rising, but isn’t labor market softening across the board? July NFP saw the past two months payrolls revised down by 258K + 6M MA of workers transitioning to unemployment rose to 3547K while number transitioning out of unemployment rose by less.

[momo @MoDaPro7]

@SuburbanBourbo2 @Globalflows Primarily credit expansion and higher growth prospects… I think the risk isn’t inflation more so to the upside (at least in US relative to eurozone who is cutting + increasing fiscal spending) but risk that inflation remains sticky, at least in shelter and services

[momo @MoDaPro7]

@grassosteve @zerohedge - Then Covid hits: Math flips, Treasury yields: 0.75% → 0.40%
•Swap fixed rates: 0.65% → 0.80%
•So now:
•You’re earning 0.40%
•But paying 0.80%
•Loss of -0.40% per $1 billion, leveraged 10x = disaster

[momo @MoDaPro7]

@grassosteve @zerohedge Assume it’s early 2020: 10-year Treasury bond yield: 0.75%, Swap fixed rate: 0.65%, Futures implied yield: 0.55%
Buy $1 billion in 10-year Treasury bonds yielding 0.75%
Sells (shorts) Treasury futures or enters a swap to pay 0.65% fixed
Profit expectation: 0.75% - 0.65% = +0.10%

[momo @MoDaPro7]

@zorromuert0 @BlakeMillardCFA @KobeissiLetter Has to be sarcasm lol

[momo @MoDaPro7]

@Louis___83 @Sorenthek Solely Gold futures, not vs spot.

[momo @MoDaPro7]

@Vitorluca67 And accomplished nothing 🤣

[momo @MoDaPro7]

@mfaragi_swag24 Girl I saw you with ln was a smoke lowkey

[momo @MoDaPro7]

@vultisig Please check DM, i lost my seed phrase after transferring data to a new phone. I had your wallet when the company was branded as Thor Wallet. Please respond on how we can solve this!

[momo @MoDaPro7]

@Tracer_H wya slide Lincoln

[momo @MoDaPro7]

@Tracer_H Can I stop by bro

[momo @MoDaPro7]

@D_Trades17 @Jake__Wujastyk Bullish china

[momo @MoDaPro7]

@whomikestone @TimmerFidelity I believe he’s saying real rates will go lower assuming a fed cut and maybe more persistence inflation ?

[momo @MoDaPro7]

@MortensenBach @bengingars @jacobbue28 @ManishGiri11 what I been talking about, still risk-on until yields on the front in come down

[momo @MoDaPro7]

@JacobNi73591016 @finding_finance If it ever comes yes they will go down, jobs report today says otherwise

[momo @MoDaPro7]

@JesseLeeDow1 LEAPS here I come thanks for the analysis as always

[momo @MoDaPro7]

@JesseLeeDow1 Sofi today has been unstoppable…