Humor
Cartoons
October 9, 2025
Today's topics include GDP data tracking higher than economists' estimates, Miran continues defending his stance, alternative labor market data, gold just keeps rallying, estimating refinancing activity at different mortgage rate levels, an eye on food inflation, intercontinental exchange's investment in Polymarket, and stablecoins may reinforce the dollar as the world's reserve currency
The Fed is cutting rates, but the stock market is at all-time highs, corporate spreads are at historically tight levels, and inflation is near 3%. Are rates actually restrictive?
Q3 2025 earnings season begins next week. Growth expectations are just above 7% annualized. Can strong earnings continue in Q3?
Today's topics include how long will the government shutdown last?, no volatility without economic data, measures to watch until official data returns, which economic data matters most to traders?, updating stock market concentration, today's sign of irrational exuberance, and pushing back on the idea of gold as a safe haven
Today's topics include understanding the economy without public data, is US economic activity a sum of parts?, the gold trade, Fedspeak you might have missed, more thoughts on the credit market, hedging volatility, abandoning the steepener trade?, and US markets = AI trade
The U.S. equity market is top-heavy, richly valued, and sold on the AI narrative. How should you think about markets in this environment?
Today's topics include Dudley opines on the Fed & rates, liquidity concerns, credit market risks, the coming soybean bailout, thoughts on the housing market shortage, complex options strategies continue to become more readily available for retail, hard to deny strong growth, AI & productivity, how far will AI capex go?, and a bleak retirement picture