U.S. dollar is the strongest in 2 decades due to the Fed raising interest rates to fight inflation + the U.S.’s economic health is better than most The dollar's strength has become much of the world’s weakness, leading to a potential debt crisis in EM nytimes.com/2022/10/05/bus…

Nothing but green on the screen! The U.S. stock market ripped higher on the back of inflation (7.7%) slowing more than forecast. NASDAQ +7.35% (including today has only been up 7%+ 4 days since the 2008 crisis). S&P 500 +5.54% 10 yr yield falls to 3.8% (from 4.2% on 11/7)

One of many reasons trying to time the markets is a fools game.

Outstanding jobs numbers today & the markets hate it! US employers added 263K more jobs (200k est) & wage gains were up 5.1% YoY. Unemployment rate held at 3.7% It's a situation of good news = bad news since it forces the Fed to remain hawkish and delays the anticipated pivot.

BREAKING: Former FTX CEO Sam Bankman-Fried has been arrested in the Bahamas, the country’s Attorney-General said in a statement trib.al/XsQ3BuU

Sad day on Wall Street as the Fixed Income legend Scott Minerd passed away The $18B Guggenheim Total Return Bond Fund, outperformed more than 90% of its peers for most of the past decade He was also very strong bodybuilder-- at his prime he bench-pressed 495 pounds for 20 reps

David Tepper has one of the best track records in the Hedge Fund industry. He did a rare 30+ minute interview on CNBC's Squawk Box this morning (wish I could post the full interview). This clip highlights his views on hawkish central banks around the world.

Happy 30th Birthday to the State Street Spider (1st US ETF) $SPY tracks the S&P 500 It helped bring down fund fees, assisted in the acceptance of passive management & exchange traded funds It still holds the title of the largest ETF in terms of AUM ft.com/content/e76d3e…

The end of 2022 ushered in a new King of Hedge Funds. Ken Griffin moved ahead of Ray Dalio after Citadel recorded a record profit of $16 billion last year. Its flagship multi-strategy fund delivered an outstanding 38.1% return in a year that saw equities and bonds sell off.

Happy Fed Day Rally for U.S. Equities NASDAQ ended the day up 2% The Fed raised rates as expected by 25 bps while Jerome Powell acknowledged disinflation On the flip side, the FED said ongoing rate increases would likely be warranted & it is very premature to declare victory

Only 33 Days into 2023 and the euphoric Animal Spirits are running wild in the markets YTD Returns NASDAQ +16.57% Carvana (my base case is bankruptcy) +200% Peloton +113% Microstrategy +106% Meta +56% Tesla +52% Bitcoin +44% Bed Bath & Beyond (my base case is bankruptcy) +32%

Mixed economic data has something for the soft & hard landing camps Unemployment rate 3.4% lowest since 1989 CPI lower but only slightly Retail spending jumped +3% PPI showed persistent inflationary pressures Curve still steeply inverted while the 10 yr has climbed to 3.83%

In 2018 Citadel hired a group of scientists whose weather forecasts were more accurate than most meteorological offices to build out a commodities business. The bold bet on raw materials has paid off, helping Citadel make a record $16bn in 2022. ft.com/content/d92e7f…

Very stressful week (felt like a year) after 2 banks failed Regional bank index is -21% this month 2-year treasury yield dramatically collapsed from 5% to 3.8% Confusion on what the Fed will do next Oil fell to $67 barrel Remarkably the S&P500 & NASDAQ are up this week

The Fed raised the federal funds rate by a quarter percentage point and signaled it’s not finished hiking, despite the risk of exacerbating a bank crisis that’s roiled global markets. Target range is 4.75% to 5% the highest since September 2007 S&P500 down 1.65% on the day

What stage of the Bear Market are we in if the worlds richest man can change a picture from a bird to a dog & a popular crypto coin $doge that was created as a joke jumped 30% and Wall Street strategists are predicting it could make the FED Ultra Hawkish?

“Time for you to leave,” Salomon Brothers’ cigar-chomping CEO John Gutfreund told Michael Bloomberg. With the $10mn he got as compensation for being fired, he started a company that gave people access to all conceivable financial information. ft.com/content/b99830…

BREAKING: The US had its credit rating cut one step to AA+ from the top ranking of AAA by Fitch Ratings, echoing a move made more than a decade ago by S&P in 2011 trib.al/V9vQ1jP

Value investing legend Charlie Munger has passed away at the age of 99. Sad day on Wall Street. RIP cnbc.com/2023/11/28/cha…

We are so back! The S&P500 closed today at a record high (last high 1/3/22). This means that every sing Bear Market, Crash, or Correction in U.S. history has been followed by a rally that always has pushed the U.S. stock market to all-time highs.