I want to start by thanking @cvpayne, @MariaBartiromo, and @FoxBusiness for providing me an opportunity to help people.
I quit my highly paid Wall Street job to build a research firm that actually helps ordinary people. This was the second bear market we helped @42Macro clients book gains and rotate to safety ahead of since we launched the firm four years ago. 2022 was the other. We also helped them maximize upside capture in 2021 and 2023-24 too.
I want to conclude by asking @andrewrsorkin@BeckyQuick@JoeSquawk@SquawkCNBC@TheDomino @ScottWapnerCNBC @MelissaLeeCNBC@EamonJavers@MorganLBrennan@jimcramer@SaraEisen@davidfaber@KellyCNBC@steveliesman@CNBC@FerroTV@lisaabramowicz1@tomkeene@mckonomy@RomaineBostick@sonalibasak@scarletfu@kgreifeld@business
for an opportunity to help more people. Anyone reading this that agrees, please like and repost. Thank you. ❤️
Something Jackie Robinson said changed my life forever: “A life is not important except in the impact that it has on other lives.” After reading that, I knew I could no longer use the talent God blessed me with to only support Wall Street. I needed to uplift Main Street too. And we are doing it: https://t.co/HGuDSdvXsC. God is [always] good.
The REAL reason markets are crashing:
Over the last 2 months, the S&P 500 and crypto have erased a combined -$5.5 TRILLION of market cap.
We have just witnessed one of the most SUDDEN shifts in sentiment since 2020.
What's happening? Let us explain.
(a thread)
The Macro Minute | August 5, 2024
In today's video, I answer the following questions:
- Will the Fed be forced into an emergency rate cut(s)
- Will an emergency rate cut(s) save the crypto market from mispriced fairy tales about liquidity?
You can watch it here:
The Fed's conversation:
"We're going into a recession this year."
"Should we hike by another 50 bps then?"
"Nah, the banking system almost imploded. We should take it easy for a bit and just do 25 bps and leave the door open to more."
"Okay, sounds good."
You saw GPT-4 turn a drawing into a website, write code for Pong in 60 seconds & get 90% on a Law exam.
But it was only just getting started.
We're now 24 hours beyond its release, and the usecases are heating up.
Here's the latest news that you may have missed:
🧵👇
For those who don't know yet, I also co-host a podcast: The Macro Trading Floor.
Every Sunday we invite macro risk takers and strategists to present an actionable investment idea backed by their macro thesis.
It has become very popular in a short amount of time: check it out!
#FSDbeta is getting better with every update. I just drove one of the hardest roads to drive in the Silicon Valley with deep fog and very tight turns and #FSDbeta handled it like a champ. Autonomy is coming and @tesla@elonmusk are leading the way. 🤯🤯🔥🔥🔥