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        DavidBeeby Male ID: 71429856
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          Current situation:
          1. Stocks are trading like the Fed already cut rates
          2. Bonds are trading like rate cuts aren't happening
          3. Gold is trading like we are on track for a "soft landing"
          4. Oil prices are trading like we are entering a recession
          5. Housing markets are trading like nothing is happening
          Nothing adds up here.
          $S&P 500 Index(.SPX.US)$$SPDR S&P 500 ETF(SPY.US)$$Nasdaq Composite Index(.IXIC.US)$$Exxon Mobil(XOM.US)$$Gold(BK2110.US)$
          2

          SUMMARY OF POWELL PRESS CONFERENCE (1/31/24)

          $S&P 500 Index(.SPX.US)$$SPDR S&P 500 ETF(SPY.US)$$Nasdaq Composite Index(.IXIC.US)$
          1. Reducing rates too fast could reverse inflation progress
          2. Reducing rates too late could weaken the economy
          3. Prepared to maintain higher rates if needed
          4. Policy rate is likely already at its peak
          5. Labor market continues to look very strong
          6. Activity in the housing sector has subdued
          Powell is taking a very "middle of the road" approach.

          Layoffs Announced Over Last 3 Months

          1. Twitch: 35% of workforce
          2. Hasbro: 20% of workforce
          3. Spotify: 17% of workforce
          4. Levi's: 15% of workforce
          5. Zerox: 15% of workforce
          6. Qualtrics: 14% of workforce
          7. Wayfair: 13% of workforce
          8. Duolingo: 10% of workforce
          9. Washington Post: 10% of workforce
          10. eBay: 9% of workforce
          11. Business Insider: 8% of workforce
          12. Charles Schwab: 6% of workforce
          13. Blackrock: 3% of workforce
          14. Citigroup: 20,000 employees
          15. Pixar: 1,300 employees
          In 202...
          Since 2020 We Have Seen:
          1. Inflation rise above 9% for the first time in 40 years
          2. Second and third largest bank collapses in US history
          3. Oil prices go from -$40 to $100+ in a matter of months
          4. Fastest Fed interest rate hike cycle of all time
          5. Least affordable housing market in history
          6. Over $8 trillion in US Federal debt borrowed
          7. Mortgage demand at its lowest since 1995
          8. Total US credit card debt hit a record $1 trillion
          Yet, all three market indices are entering all time high t...
          Since the Fed started raising interest rates in March 2022, money market funds have seen massive inflows.
          Total assets held in money market fund went from $4.5 trillion to $6 trillion in 2 years, a 33% increase.
          Now, the Fed is expected to begin cutting interest rates.
          With record levels of capital on the sidelines, we could see a widespread rotation out of these money market funds.
          If this capital goes back into the equity market, the recent run is far from over.
          Never has there been more capit...
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          The $S&P 500 Index(.SPX.US)$ has officially broken above 4,800 for the first time since January 2022.
          The index is less than 20 points away from making a new all time high.
          Since the October 2023 low, the S&P 500 is now up 700 POINTS in less than 3 months.
          Over the last 9 weeks, the S&P 500 has added $6 TRILLION in market value.
          Truly a historic move in the market.
          Just how big have the Magnificent 7 become?
          The market cap of the Magnificent 7 is now FOUR TIMES that of the Russell 2000.
          Microsoft, $Microsoft(MSFT.US)$ , alone is the size of the entire stock market in Canada.
          The market cap of the Magnificent 7 is the same size as the stock markets in the UK, Canada, and Japan combined.
          It's truly fascinating how large these 7 stocks have become.
          The Magnificent 7 effectively *are* the stock market.
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          The $Nasdaq Composite Index(.IXIC.US)$ is now down nearly 4% from its high just 3 trading days ago.
          In other words, the index has erased $600 billion of market cap in 3 days.
          This also means that the Nasdaq has erased all of its gains back to December 13th.
          Furthermore, the Magnificent 7 are down ~5% from their highs last week.
          Just as it appeared markets were less reliant on the Magnificent 7, they are back to driving the entire market.
          More volatility is coming.
          $Apple(AAPL.US)$$Tesla(TSLA.US)$$Microsoft(MSFT.US)$$NVIDIA(NVDA.US)$
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          Housing buyers 2 months ago were incredibly unlucky.
          If you bought a $500,000 home with 20% down, here's what your mortgage payment would be:
          1. October 28th: $2,960/month
          2. December 28th: $2,608/month
          In other words, waiting 2 months to buy a new home would have reduced your monthly payment by ~12%.
          Since October 28th, the average rate on a 30 year mortgage has fallen from 8.1% to 6.8%.
          This marks the fastest 2-month drop in mortgage rates since the 2008 financial crisis.
          Interest rates are tr...
          2
          Nose-bleeding Greedy: (1) what we can observe from this easy-to-understand Fear & Greed Index, is that "extreme greed & fear" may last some time. (2) the only thing matters is that--the longer it lasts, the sharper & deeper the counter move will be. (3) finishing touch to 🐼🔨
          $SPDR S&P 500 ETF(SPY.US)$$Nasdaq Composite Index(.IXIC.US)$$Dow Jones Industrial Average(.DJI.US)$$Apple(AAPL.US)$
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