Bruno 19

Fisherman at heart. Dad by day.

Use my link and save on a new Tesla

[Cathie Wood @CathieDWood]

The jobs report was a barnburner. Nonfarm payrolls increased by 172,000 versus expectations for 88,000, while prior months were revised higher by 93,000. Wage growth came in at roughly 0.3%.

Yet the market sold off.

In our view, the market is misreading the signal. It is assuming that stronger than expected employment and growth will cause a an acceleration in inflation. History would suggest otherwise. 

Productivity growth is running near 3%, while unit labor costs are hovering around 0.5%. Those are not the hallmarks of an inflationary boom. They are the hallmarks of healthy, productivity-driven growth that will lower inflation.

Meanwhile, the yield curve continues to flatten despite a roughly 55% increase in oil prices year-over-year based on a three month moving average. In past cycles, an energy shock of this magnitude steepened the yield curve when the Federal Reserve was accommodating it. Instead, the bond market appears to be discounting something much more powerful: the deflationary impact of technological innovation, particularly artificial intelligence, which is beginning to increase productivity across broad swaths of the economy.

If tensions with Iran ease and oil prices retreat, we believe inflation could move into negative territory before year-end.

In our view, the Fed made a historic policy error when it raised rates aggressively into what was largely a supply-driven inflation shock in 2022. We do not believe the next generation of monetary policymakers will be eager to repeat that mistake.

Notably, gold peaked on the day Kevin Warsh was appointed. The inflation trade may already be behind us.

If our research is correct, the next phase of this cycle could be characterized by accelerating growth, declining inflation, falling interest rates, and a strengthening U.S. dollar. That combination would create a remarkably supportive backdrop for innovation-led equities and the technologies driving the next productivity boom.

I discuss this framework in greater detail in this month’s episode of In The Know.

[Bruno 19 @StavsCaptain]

@Banana3Stocks I got it 🤟
Took profits early though.... 50%.
Next time I'll go in with more than one contract 😊

[Kyle Becker @kylenabecker]

Western Civilization didn't flourish because "white males" stopped other groups from succeeding.

The West thrived because of rational thought, individual rights, and free enterprise.

"White males" that invented the steam engine, electric generation, the combustion engine, flight, and space exploration did not do so because they "stole" the ideas of minorities.

These inventions helped lift mankind out of ignorance and hardship, improving the quality of life for all of humanity.

"White males" didn't oppress the entire world, they helped make it a better place.

"White males" didn't oppress everyone's rights, they invented the idea of rights and paid in blood to liberate tens of millions of people.

"White males" didn't invent slavery, they ended it.

"White males" didn't invent tyranny, they devised a form of government to end it.

Destroying Western Civilization isn't about empowering groups that were "oppressed." It is about tearing down civilization itself so that globalist parasites can rule over all of us.

[healthbot @thehealthb0t]

Activist: "Your cows are putting carbon into the atmosphere."

Farmer: "Where did they get it?"

Activist: "What?"

Farmer: "The carbon. Where did the cow get it before it put it anywhere."

Activist: "From... eating?"

Farmer: "From eating grass. And where did the grass get it."

Activist: "The soil?"

Farmer: "The air. The grass pulled it out of the air last spring. The cow ate the grass. The cow breathed some of it back out. It went back into the air it came from."

Activist: "But it's still going into the atmosphere."

Farmer: "It's going back. There's a difference between a thing going somewhere and a thing going back. You've described a circle and you're frightened of it."

Activist: "Then just don't have the cow."

Farmer: "The grass still dies in autumn. It rots where it falls. The carbon goes back into the air either way, just without anyone getting fed in the middle."

Activist: "It's not that simple."

Farmer: "It's grass, cow, breath, grass. Or it's grass, rot, air, grass. Same circle, fewer dinners. If that's complicated for you I'd stay away from the water cycle. That one's got clouds in it."

[Elon Musk @elonmusk]

True

[Elon Musk @elonmusk]

True

[Bruno 19 @StavsCaptain]

@cobraalerts Challenge

[Tesla North America @tesla_na]

FSD Supervised costs less than many people pay for gas per month

[Bruno 19 @StavsCaptain]

@Banana3Stocks Yeah, I watched it. I hope it bounces back before June 18th. I took some profits the first pop last week, so its not terrible, but dont want to see it get to $0 either.
Kicking myself for stopping out on FLNC 🤦‍♂️

[Bruno 19 @StavsCaptain]

@aishahsofey @itsvanessa44 Gm

[Bruno 19 @StavsCaptain]

@itsvanessa44 Hi

[Bruno 19 @StavsCaptain]

@ivyballxo @Vale2cute Hi

[Venu @Venu_7_]

Micron $MU operating profit went from $191M to $16B in just 2 years - that’s an 84x increase.

Still can’t wrap my head around this chart.

[Bruno 19 @StavsCaptain]

@Banana3Stocks 461 😊

[Zack @BLKMDL3]

Cybertruck spotted towing Cybercab around Miami during F1 week.

Credit to IG desithedesigner

[William Lou @william_lou]

This is the hardest edit you will ever see on the RJ Barrett shot by @blackdragonroll

[Pierre Poilievre @PierrePoilievre]

12 years ago. The same $100 oil price. But gas was 45¢ cheaper.

Why?

[NBA @NBA]

KAWHI IN 2019 ✅
RJ TONIGHT ✅

SAME ARENA.
SAME INCREDIBLE RESULT.

[Bruno 19 @StavsCaptain]

@Tesla @Teslaconomics I hope Canadian customers will be included in that early wave 🙏 @Tesla @teslasalesad