The market is pricing in a 50 basis point rate cut next month.
Market returns following rate cuts have been positive except for periods when the market is generally in crisis. Source: Charlie Bilello, Peter Mallouk
The S&P 500 officially posted its best day since November 2022.
Source: Bloomberg, The Kobeissi Letter
The 10/20/30 Rule by Guy Kawasaki.
You can use it to ace your next presentation... Source: Eric Partaker
Berkshire Hathaway is now holding 25% of their Assets in Cash, the highest % since 2004.
Historical average cash position: 14%. $BRK.B Source: Charlie Bilello
"What I needed to get ahead was to compete against idiots. Luckily, there's a large supply." — Charlie Munger
Source: Invest in Assets
JUST IN: President Putin signs law legalising Bitcoin and crypto mining in Russia.
Russia seems to be acting to keep up with the US. Nation-level as Bitcoin FOMO is heating up. Their entry will boost the hash rate, strengthen network fundamentals, and diversify miner politics. Chinese mining pools control 57% of the BTC hash rate, while the 🇺🇸US has 35%. Source: Cryptoquant, Ki Young
US crudeoil production hit a record high.
Source: The Daily Shot
The main reason the economy has been able to avoid a recession over the last 2-years
was due to the massive spending from the inflation reduction and CHIPs Acts. However, the rate of that spending is declining which could potentially weigh on economic growth going forward. Source: BofA, The Daily Shot, Lance Roberts
