Where inflation is and where it isn't

Wells Fargo jumps 2% to $49.46 after saying consent order terminated 11:34 $WFC

PALO ALTO $PANW LOWERED ITS FISCAL YEAR REVENUE GUIDANCE TO BETWEEN $7.95B TO $8.00B DOWN FROM $8.15B TO $8.20B

Just came across a great collection of essays in honor of the late Marvin Goodfriend, a personal friend and teacher. One of the foremost thinkers and innovators in macro interest rate policies around the world. Please enjoy richmondfed.org/-/media/Richmo…

Really enjoyed Oaktree’s latest podcast, however as Marvin Goodfriend presciently warned in 2016, “Effectiveness of more balance sheet stimulus is questionable…moving central banks ever closer to destructive inflationary finance.”

Today is the last trading day that Super Micro $SMCI and Deckers $DECK are not a part of the S&P 500 $SPY

$NVDA announces new Blackwell GPU

Interesting chart on where CPI inflation has landed in 2024...how will Fed respond tomorrow? #FOMC #JEROMEPOWELL #Powell

Daniel Kahneman, whose work forever transformed the fields of psychology and economics, passed away yesterday at the age of 90. We honor his legacy by highlighting 10 of his most fundamental ideas and theories. In memory of Daniel Kahneman – a man who changed the world.

This week represents peak number of companies in their stock buyback blackout period $QQQ $SPY #stocks #blackout #buybacks

Is Microstrategy cheap, sure appears so relative to peers. $MSTR $BTC

Not only is $MSTR cheap relative to peers in terms of $BTC / $MCap, but it's also the best stock vehicle to trade Bitcoin w/ 80% correlation compared to ~50% for crypto miners. #bitcoin

Given $MSTR reported tonight and #Bitcoin had a nice rally today, $BTCUSD getting ready to break to the upside, establishing the bottom of a new trend range today. Looking for the gap over 64,000 tomorrow then back to the recent highs by mid to late-May'24. #chartoftheweek

Tesla setting up a very Interesting consolidation pattern, with a Doji on the daily and a hourly higher pivot low inside the wedge, finishing power hour green! Looking for the move above $178 then break of $182, which could be resistance $TSLA #chartoftheweek

$TSLA bulls storming since #FSD12erc rollout, #BIDU partnership, Elon Musk #robotaxi tease, $NVDA CEO Huang sharing "Tesla is far ahead in self-driving cars" as well as $NVDA CFO announcing that automotive will be next growth driver for #h100 gpus

For first time in my life I visited the WNBA stats page to see season numbers for Caitlin Clark, amazing by the way. That website needs a sort feature!

Cool tool to learn how #stockmarkets perform during presidential terms Since we’re starting 2025, here’s some fun data: 1st 12 mos Biden 16.3% Trump 26.9% Obama 17.2% GW Bush  -5.4% Clinton 11.5% GH Bush 28% Reagan  -10.5% macrotrends.net/2613/stock-mar…

Grok3 Beta basic prompt / response interface pretty buggy. Impressed by the context and relevancy awareness of Grok, but if I have to reboot the X app every time I ask Grok a question, I’ll just use another GPT service. Elon Musk #Grok3