Its okay young one - my generation fucked everything g

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Sorry you’re going through it G. It’s a collective struggle but we got it 🫡🤝

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g

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G

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#G

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Man Jensen really licked the cheetoh boot hard as hell on Rogan. He knows just where his g spot is

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It's not rocket science bro. * More liquidity from rate cuts and QE ----> * More debt issued ----> * More money for AI companies and hyperscalers to spend on chips and datacenters ----> * Higher earnings and more money in the economy to flow into stocks. Spreads remain very tight: https://fred.stlouisfed.org/graph/fredgraph.png?g=1OpxJ&height=490 Lending continues to march up: https://fred.stlouisfed.org/graph/fredgraph.png?g=1OpxZ&height=490 Financial conditions remain loose: https://i.imgur.com/PE4clw0.png

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Run it up G

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G-Ma probably earned it all by buying Intel stock! A fitting comeback. Gennerational losses in Intel.

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Incredible wealth of information in the NY Fed Quarterly Household Credit Report that came out few days ago. Highly recommend you read it. Some interesting tidbits: https://i.imgur.com/39QYN9G.png Credit card delinquencies remain definitely elevated but there are signs of plateauing and leveling off. Student loan delinquencies are literally mooning. It seems people are saying fuck you, I'm not paying. The good news on this is that nearly all loans are government backed so it shouldn't be a huge hit to the financial system. Overall delinquencies are normalizing but still below pre-Covid and extremely healthy: https://i.imgur.com/ONVBPC0.png Foreclosures and bankruptcies, also super low: https://i.imgur.com/E2D5iBf.png Not surprisingly there is some bifurcation by age. Older and wealthier are doing around pre-Covid levels. There is definitely more credit struggle for GenZ and people in their 30s (light blue and red line): https://i.imgur.com/2Y3SR4e.png Overall? I think very little cause for alarm in terms of the economy and stock market. Fed will keep liquidity in the system high, credit available. I expect QE3 coming soon as early as April, maybe more crumbs on details January (they will jawbone or provide little in December probably since not much data is available). Holiday shopping was gangbusters and bullish. Edit: Not in the credit report but some context on financial conditions. Spreads remain extremely tight: https://fred.stlouisfed.org/graph/fredgraph.png?g=1OpxJ&height=490 Lending continues to soar: https://fred.stlouisfed.org/graph/fredgraph.png?g=1OpxZ&height=490 Financial conditions remain very loose: https://i.imgur.com/PE4clw0.png

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