You just can't make this up
The day before Trump announced a tariff pause that sent the S&P 500 up 9.5%
His accounts purchased 327 stocks worth up to $12.8 million
By law, those trades had to be disclosed within 45 days
Instead, they were disclosed over a year late, for a $200 penalty
@GrindeOptions Index inclusion arbitrage is the biggest hedge fund strategy in today’s markets - all the hedge funds involved are probably selling to Russell 1000 bagholders
@jameselbaor Sure but an almost 20% discount to NAV should not be warranted just based on poor performance over a very short time period that the ETF has been trading
@chamath It’s driving up utility bills and now electronics hardware evidenced in $AAPL raising Mac prices and $MSFT raising Xbox prices - how is this benefiting the have nots exactly?
@TomEllsworth Cutting interest rates at the short end may actually cause the long end of the curve to rise which would backfire for the economy. Given the high cost of living and liquidity and leverage in markets, cutting interest rates could potent extremely inappropriate
@EricLDaugh The price increases will be passed through gradually just like they were in response to Covid-19 stimulus. It’s also important to recognize that corporations are bearing a lot of the costs which is weakening the economy
@DividendDude_X When do the revenues follow the non-stop execution? It’s been awesome to watch HOOD disrupt the financial services industry but by god are people just chasing stories at this point