Mike

@SecScottBessent @federalreserve W financial engineering being a crucial component to our economic well Being it’s obvious that Jay Powell will be needed to help administer our affairs. These are abnormally complex times in other words.

It is unusual for soon-to-be-former Fed Chair Jay Powell to stay on at the @federalreserve. For someone who speaks so often of norms, his unilateral decision to stay flies in the face of tradition. Kevin Warsh will bring about a new day at the Fed, with accountability, management, and sound policymaking in the lead.

@alphacharts365 Oil trade is getting old.

If Oil moves to 120ish, I think things start breaking…. That’s about 12% from here.

@lloydblankfein @ImadeIyamu No one on Wall Street is self made. The working public is forced to fund it all.

Ken Griffin is self-made. He built his businesses largely outside NYC but is now growing it in NYC. With Ken comes construction of an office tower, high paying jobs, tax revenue and a remarkable commitment to local philanthropy. Not sure why that pisses off the new mayor.

@fejau_inc Markets broken. We have crossed many lines and I can’t imagine things holding up much longer without structural changes that will change how we live.

The FOMC is going to be a soap opera now oh man

@readswithravi Chronicle of a Death Foretold and this: amazon.com/Shadow-Sun-Rys…

What’s the shortest book that had the biggest impact on you?

@whoistife_x Boxing harder on body than literally anything else. On day one I walked in w small bottle of water. On day two I walked in w two full gallons. And I had been avid cyclist hockey player wrestler and tennis player prior. None of that meant a thing. Boxing was brutal.

when you start boxing. you’d realize why one round is 3 minutes 😂

@texasrunnerDFW @WOLF_Financial They will vote for more of this.

@WOLF_Financial Couple with high prices, it’s brutal for young families trying to enter the market

The average rate for a new 30 year fixed rate mortage in the United States 🇺🇸 currently sits at 6.37% - MBA

@stonksguy It’s a multi day thing anticipating and end to the nonsense du mois.

@MayorJoeQuimby I let it be for another 5-15 min then perhaps I ride

get ready for a nice short cover oil rocket up for 5 min or so and then come back down to some where more reasonable

@Sam_Badawi If you stop participating w all this nonsense and save money you might get somewhere!

PAUL TUDOR JONES ON BUYING THE S&P 500 RIGHT NOW: "If you buy the S&P at this current valuation, the 10-year forward returns are negative when you buy with the S&P P/E of 22. That's what history shows." Jones called the 1987 crash before it happened. He's not predicting a crash. He says the setup is more leveraged than anything he's seen including 2008. "The stock market's really high, and it's going to be really hard to make money from here."

@RealJimChanos What *isn’t* engineered is the question

Your occasional reminder that the goal of an orchestrated short-squeeze is to sell into it.

@fejau_inc Goldman traders

Which will move markets more tomorrow?

@ChrisCamillo I would not be too cocky w these markets.

Same AI fear cycle every 60 days. This time right before tech earnings, recycling a stale OAI “miss” narrative. Market’s finally tuning it out.

@financialjuice Me too

JPMorgan's CEO Dimon: In the worst case, I worry about deflation.

@gfc4 You don’t think there are a dozen other funds killing it? Prob many dozens.

If Jane Street is making so much money, why isn't anyone coming in to compete thus reducing their revenue? Technological barriers to entry?

@texasrunnerDFW Calls like this mean they’re sucking wind.

Just got an email from a sales guy at a new construction community that we contacted back in… Wait for it… 2022 Four years later. This guy’s “circle back” skills are incredible

@DeepIceValue People will trade and make money and lose money and lose money and make money for years and years and years and then realize they should have gotten a masters degree or started a business instead of wasting their time w this

People will see this chart and still ask what makes you think $MU is expensive.. 🤦‍♂️🤦‍♂️

@ChessNetwork Bishop to b5 preparing counterattack by both white rooks

In this queenless endgame, what's the best reply to ...b4?

@xxChessMaster not genius, easy

Black to move and win! If you can solve this puzzle, you are genius!

@ZTheTrader You’re all wasting your time. Just have fun w it.

The market is absolutely brutal. Most people think there is only one way to get screwed i.e. stocks in your portfolio tank. But imagine not buying a single stock when they were down and witnessing this historic rally that makes no sense. You buy you're gonna get burned - if you don't buy, you feel left out. We've seen capitulation rallies like this before. They can last for many months. - '99 - '00 - '06 - '07 - '20 - '21 Don't get burned trying to participate casually. Everything from here should be absolutely deliberate and tightly risk managed. Shorting at the wrong time can f*ck you, longing something with leverage that pulls back can f*ck you, buying a stock heavily that you missed the entire way up can f*ck you. Lost decades (if they happen) are overblown - unless you do the wrong thing at the wrong time with the wrong size.