📍What History Says About Rate Cuts and Stocks A look at past cycles to see how fast the Fed will cut and how the stock market will react: geigercap.com/p/what-history…

Anna is spot on.🎯 The data is clearly deteriorating and Powell likely now realizes that they are already behind the curve. 9 out of 12 districts reported flat or declining economic activity.

ADP Private Payrolls: 99K vs 145K exp. *JOB CREATION FOR PRIVATE EMPLOYERS SLOWS FOR FIFTH STRAIGHT MONTH

Putin, trolling us, just endorsed Kamala…. "If we had a favorite candidate, it used to be Joe Biden, but now he's not participating in the election. He recommended that all of his allies support Ms. Harris, so that is what we are going to do."

Quick update: It’s day 47. Kamala Harris still has zero (0) policies or positions on her campaign website. Nothing.

.Becky Quick grilled Mark Cuban… He says Kamala has better ideas in private. She says the campaign is likely telling him whatever he wants to hear for donating, and why doesn’t she declare her views publicly? Mark and I recently talked about the border, I made the same point.

“Kamala has better ideas in private” is the new: “Biden is super sharp behind closed doors”

This is a great idea. Both parties (including Trump) have spent our tax dollars with zero regard for waste or the federal deficit. This would be a much needed shift towards some form of fiscal responsibility. A commission of elite American executives to cut waste. Elon Musk

Thursday… I’m out of touch.

One of the greatest ever.

Trump is expanding on his lead in Nate Silver’s election model and has broken 60%… 🔴 Trump - 60% (+20) 🔵 Harris - 40% Harris is still the favorite in the popular vote but an electoral college underdog.

This is the highest Trump has been in the model since July 31st… Debate will be key for Kamala.

Quick thoughts on NFP tomorrow: Consensus BBG estimate is for unemployment to drop from 4.3% to 4.2%. If it comes in line at 4.2% or even beats and drops further, I don’t think it will matter much. The trend in the labor market is clear and one monthly data point won’t change

So much for free speech. As we have learned, what the government calls misinformation often turns out to be the truth.

Mark Cuban Mark… at least people get to hear “bad answers” from Trump and Vance. Kamala isn’t even speaking to Americans. She is running for PRESIDENT. It’s insane you continue to defend it.