TD (FRM, CQF)

Was talking to a co-worker who's writing an interesting piece on the human AI coexistence. I'm calling it the "Nature-Human-Techno Genesis" adding the nature dimension. Every effort -natural or otherwise - has a marginal cost. And one factor of production will only dominate till factor marginal costs converge. (Yes I perceive Nature to be that 5th FoP we never studied in Economics classes) Hypothesis just makes more sense to me than all the doomsday scenarios. Let's not forget that every single FoP mentioned has proven itself dynamic and adaptable. History is witness #AI #Human #Nature #technology

You make more in bull markets than you lose in bear markets:

The pace of Micron’s rise to becoming a $1 trillion company is unprecedented. The dot-com boom created millionaires. The aftermath of the 2008 financial crisis minted billionaires. The AI revolution is resulting in trillionaires. wsj.com/finance/stocks…

Traders aren't listening as much to Fed speak as forward guidance and instead are pricing in rate hikes with more certainty than what's coming from US central bankers. Last week, US 2-year yields climbed to 50bp above the Fed funds rate, the biggest gap since late 2022.

@isahere_x Only 10% can do a 81-49 without a calculator?

Only 10% can solve this without a calculator. Are you the one..?

Between asset bubbles forming, geopolitical shocks every few months and fundamentals completely taking a backseat, this decade is getting increasingly rough for the average retail investor. Once glorified SIPs and Indexes are no more reliable. Even private equity is riskier today than 6 years ago. Risk weighted returns are taking a hammering. Efficient frontiers just shifted right significantly. As an arb originator been trying to find some asset that has potential but isn't completely overeaten by big funds. Commodities, Real Estate, Equity, Bonds. Other than derivative speculation what real investment opportunities are managers looking at for the medium term?

Ed Yardeni: "The S&P 500 is up 9% this year, but the price-to-earnings multiple has actually contracted 4.6%. The entire rally has been driven by earnings rising 14.4%."

BREAKING: S&P 500 futures surge to their highest level on record.

The S&P 500 is at an all-time high while Consumer Sentiment is at an all-time low. We've never seen a gap this wide between Wall Street and Main Street.

Kind of contradictory logic there. If people have been DMing you that your Masters is "Impressive" then surely the degree does hold a lot of value. Your lying about it does not take anything away from the degree as such. Outreach doesn't warrant background checks. Eventually you'll not get anything out of it once they know you lied.

The Premier League season is complete.

I cannot believe there are professors and Ph.D.'s who OPENLY proclaim that they, and others in their field, routinely cite articles and books without having actually read them. Like, what the absolute eff is going on?

Over 13% of US credit card balances are now 90+ days delinquent, the highest percentage since 2011. The average interest rate on this debt is 21%. This is the #1 wealth killer in America by a landslide.

Kevin Warsh is facing the highest yields on 10-year Treasuries on his swearing-in date of any Fed chair going back to Alan Greenspan in August 1987.

Hedge Funds have increased their short exposure to the highest level in AT LEAST the last decade 🚨🚨

Academics are now openly defending the practice of citing papers they haven’t read.

@HelleLyngSvends Elevate India's position? Just a mention of India made you globally relevant kid. :)

I pressed my prime minister Jonas Gahr Støre yesterday on why we should help elevate India’s position on the international stage. Støre said: The areas where we have different point of views should not stop cooperation on the topics we do agree on such as security, climate & technology. He also argues that is the way to impact eachother and share experiences.

A fire alarm is going off and everyone is ignoring it.

The S&P 500 has never been more concentrated in just two stocks than it is today with Nvidia and Apple representing over 15% of the index.

The Arsenal. Your Premier League champions.

BREAKING: The US 30Y Note Yield rises to 5.18%, its highest level since July 2007.