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A mysterious bond market concept could soon become a crucial point of discussion for the Fed and markets.
It's the equilibrium interest rate (r*).
How does it work, and why does it matter?
1/
2/22 Watchlist:
$SPY long over 504.45 or short under 502.43
$TSLA long over 198.25 or short under 195.94
$SQ long over 66.68 or short under 64.99
#options#OptionsTrading#StockMarket#daytrader
Um. WOW.
“Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach 11th-hour deal this weekend to restructure sprawling real-estate company”
Remember China’s financial system contained & controlled.
cc @ChinaBeigeBook@WSJ
Everyone has a reputation.
Some good.
Some bad.
Your actions determine your reputation in the market place.
New Year’s Eve of 2002, I was 23 years old, broke with $49k in credit card debt.
I made a list of what my reputation was and chose to change it.
Out of everything I wrote down I wanted my NEW reputation to be, it came down to one.
I made decision that my NEW reputation was going to be “Whatever Pat says he’s going to do, it’s gonna get done”.
I wanted MY WORD to cash many big checks and it was going to take a bold NEW reputation.
I wanted to bring confidence in the people who believed in me and put the fear of God in those who didn’t. I know it sounds a bit dark but that’s me.
It was the hardest reputation to build because of the pressure that comes with it.
But just like shooting free throws, the percentage of things getting done kept increasing higher and higher.
We have a big vision with a ton of work to do but that reputation of getting things done got started back in 2002.
If you allow a reputation to linger around, it eventually becomes permanent.
YOU know YOUR reputation. No matter how much you make yourself feel good about your reputation, your actions has caused you the reputation that you have today.
But YOU can choose to change that NOW.
Never let the world dictate your reputation.
If you do, they’ll own you forever.
Future looks bright!
Happiness is the progressive realization of a worthy ideal. Happiness is the step by step accomplishment of the task necessary to accomplish a worthy idea. Keep your task simple and be happy!