@MPelletierCIO Hardly speculation. Mega cap tech just got stupidly cheap (ex. $META). Even Buffett was loading up on $TSMC (now divested due to geopolitical risk per his comments at the meeting).
@CGWM_Muhs@MPelletierCIO You’re the only one gloating about making $212 in interest last month when the stock market is up almost 10% and short bonds are up over 3. 😅
@StephenPunwasi Doesn’t make any sense for them to go from “it’ll take 12 months for rates to have an effect so let’s wait and see” to “let’s start cutting immediately!”
That said, recent central bank / govt policy hasn’t made sense at all so 🤷🏻♂️
@GRDecter Except it’s not a business. It’s a country, with the ability to tax and print as much as it wants, has the unique advantage of being the global reserve currency, and arguably (for now) still the “safest” currency for parking money. No business has those characteristics.