MultiGen Wealth Services

Securities offered through LPL Financial, Member SIPC &

[MultiGen Wealth Services @MultiGenws]

SpaceX, Counting down to the SpaceX launch by @LPLResearch

https://t.co/xkNyimjbRJ

[MultiGen Wealth Services @MultiGenws]

Out of consensus call, sub 3 for Fed Funds 2026? 2 year treasury currently at 3.52.

[Katie Stockton, CMT @StocktonKatie]

10-year yields are set to finish the week below 4.00% for the 4th consecutive down week — and only the 2nd week this year — breaking down from a long-term triangle formation. Such breakdowns usually exacerbate downside momentum; next support is near 3.67%
#fairleadstrategies

[MultiGen Wealth Services @MultiGenws]

Quarterly Earnings, positive.

https://t.co/JmmfxfndSt

[MultiGen Wealth Services @MultiGenws]

@RepRickLarsen a client called, said no social security payment received this month? @USTreasury any reason why this would be skipped or delayed because of a shutdown?

[MultiGen Wealth Services @MultiGenws]

@teslaownersSV I can totally see how Optimus will be employed by @HomeDepot and @Lowes as service providers directing consumers to product, managing real time inventory and emailing customers directly how to information while walking them to the product they seek. Amazing

[MultiGen Wealth Services @MultiGenws]

That’s one heck of a shift Mr Buffett, bravo 👏

Berkshire Founder and CEO stepping down at year end 2025.

[MultiGen Wealth Services @MultiGenws]

What is the prospect of a government selling treasuries into the market in escalation of this financial war we are in?

[Jim Bianco @biancoresearch]

Today is a "tell your grandchildren I was there" day in the bond market.

10-year yield
At its low today (which was technically last night) it was down 12.5 bps from Friday's close at 3.87%

It finished the day up 19 bps from Friday's close at 4.18%.
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Instances when the 10-year was DOWN at least 12 bps intraday and closed HIGHER by at least 12 bps that same day.

Intraday 10-year yield dataset starts on October 16, 1998 (almost 27 years).

Only three times
January 23, 2008 = The reaction to rogue trader Jerome Kerviel, losing Societe Generale 5 billion Euros. This was a big deal (witness the gyrations in the bond market) as it was taken to signal that the unfolding financial crisis would be a problem. Seven weeks later, Bear Stearns failed.

November 9, 2016 = This was the day after Trump won election. The low was early the night before (election night).

April 7, 2025 = today
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There are too few examples to discern market direction (and 2008 was down and 2016 was up).

Rather, it tells us the bond market thinks today was an extremely important day. How? for now, we can only speculate.

I believe today we learned what a recession with high inflation (or stagflation) means. Stagflation recessions now yield 3.85% to 4.00% (10-year). That's it.

When the recession is removed, stagflation becomes just inflation, and a 4% 10-year yield is way too low.

Want to see yields lower than 3.85%? This requires the economy to sink so far that it kills inflation, turning stagflation into just a recession.

At its worst this past week, no one thought the coming recession (if we have one, I have my doubts) would be this bad. So, the market is priced in a stagflation recession, and that is 3.85% to 4.00%.
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Lastly, regarding the chart below ...

The next Fed meeting is one month from today (May 7).

Last night, at the opening of trading, fed fund futures were pricing an 85% probability they would cut rates at that meeting (15% for no move).

It closed with just a 33% probability of a cut (67% of no move).

Not only was a cut priced out today, but this kind of range in probabilities for a meeting a month away is unprecedented.

[MultiGen Wealth Services @MultiGenws]

“Tariff Fog to Start Clearing Soon” @LPLResearch

It’s been a challenging month and would be very good for the fog to lift indeed.

[MultiGen Wealth Services @MultiGenws]

If you have used 23andMe's DNA services you are able to download your data and delete your account. Laws in CA and WA have laws for genetic privacy. To remove your data log into your account Settings>23andme data>delete data https://t.co/tUIunl5XAA

[MultiGen Wealth Services @MultiGenws]

Setting FIRE to Your Retirement Planning https://t.co/HFQe2q53je

[MultiGen Wealth Services @MultiGenws]

@CapitalismWorld @CGasparino No new money until a department can pass an audit 💡

[MultiGen Wealth Services @MultiGenws]

@CyclesFan I had been thinking 16.6k for 2034ish- demographics of the worker shortage 2016-2036, earnings going from 60 2009 to 750. Next 10 years going to be interesting.

[DC_Draino @DC_Draino]

This clip is worth more than $100 billion worth of campaign ads

This will go down in history beside George Washington crossing the Delaware river

Lincoln’s Gettysburg address

MLK’s “I have a Dream”

JFK’s “Ask not what your country can do for you…”

Reagan’s “Tear down this wall”

Trump rising up from near death with blood on his face and a clenched fist yelling “FIGHT! FIGHT! FIGHT”

We watched history unfold before our eyes and we will finish the job in November

[MultiGen Wealth Services @MultiGenws]

#smallbusiness #AI Democrats cite AI gains, automation in Senate bill calling for 32-hour workweek @CNBC https://t.co/mGDWVVt1j5

[The AI Investor @The_AI_Investor]

Listen to Nvidia CEO Jensen Huang explaining why all countries must develop sovereign AI infrastructure.

Now, just imagine what that would do to $NVDA.

[MultiGen Wealth Services @MultiGenws]

⁦@fundstrat⁩ where have I seen this data point before? 👏stealth inflationary cost is hitting corporate profits and consumer wallets @CNBC https://t.co/S5VFEfuEOj

[Mark Cuban @mcuban]

Since this seems to be the most common response. let me address it.

DEI does not mean you dont hire on merit. Of course you hire based on merit

Diversity - means you expand the possible pool of candidates as widely as you can. Once you have identified the candidates, you HIRE THE PERSON YOU BELIEVE IS THE BEST.

What makes the whole " what about the players " comment ridiculous is that it's presumes that all positions are hired based on some quantitative rather than subjective version of merit. They aren't

Even choosing the best basketball player is very much a guess. Which is why the best players weren't always the first pick in the draft and some go undrafted

The reality is that most positions hired in a company don't have a quantitative metric you can use to hire someone.

How do you pick the best barista, sales assistant, marketing or salesperson, etc

More often than not it's an educated guess

So when you see a company like @ibm say they want to add x percent more PoC or women or whatever group, they already know that the majority of positions they hire for don't have metrics for picking the best .

As @elonmusk said "if merit for a job is roughly the same, then the tie reaker should be diversity (of all kinds)"

Which is exactly what well managed companies choose to do

DEI also does not mean you can't fire someone if you made a mistake.

Of course you can.
I'm a big believer in hire slow, fire fast. If it's the wrong person. Fire them.

Finally. Let me address the thought that I'm "virtue signaling".

I wrote this on @x because I knew very well that almost everyone on here would disagree with me. I don't virtue signal. I want people to challenge my positions. I want to have engaging discussions that help me learn.

[MultiGen Wealth Services @MultiGenws]

@yedi31 @LPL Fantastic weekend, thank you and Congratulations

[MultiGen Wealth Services @MultiGenws]

@StealthQE4 Interest payments nearing 1 trillion per year. Analogy being the USA is paying 1 T per year on a interest only mortgage and up nearly double from 2 years ago. 🤦‍♂️