Crypto looks like its trying to do a thing tonight, to keep up pace with the likes of BMNR and BITF. Its been weird watching these mining & treasury co's flying while the underlying assets struggle. Though I guess theyre orders of magnitude smaller in Mcaps.

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Here’s the meat: “Consumers in the top 10% of the income distribution accounted for 49.2% of total spending in the second quarter, up from 48.5% in the first quarter, reaching the highest level in data going back to 1989, according to an analysis of Federal Reserve data by Mark Zandi, chief economist for Moody’s Analytics.” And: “In contrast, the bottom 80% of the income distribution, or consumers making less than roughly $175,000 a year, have seen their spending merely keep pace with inflation since the pandemic, Zandi wrote in a social media post.”

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Slow ass pace of cuts, and cutting into possible inflation because of 🥭, this is ass >:(

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>#Credit scores are falling at the fastest pace since the Great Recession as Americans struggle to keep up with the high cost of living and the return of student debt payments. The national average FICO score dropped by two points this year, the most since 2009, according to data released Tuesday by the analytics company. #LMAO🤌

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I'm on pace to retire when I'm 185 years old, not too bad

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I mean it is possible because there's still a "chance" priced in of a 50bps cut, so theoretically if that chance was removed youd price down on that. But really whats going to matter is what the commentary/forward outlook for pace, the backdrop of the economy and the "why" for the cut itself.

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SPY has only gone up modestly this year (12%) driven mostly by USD devaluation (-11%). Yet aggregate SPY P/E continues to climb to record levels because earnings have not kept pace with even the modest increase in stock prices.

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Not even I’m up 50% in two years but I like the slow and steady pace.

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Everyone has a feeling that AI is a bubble. It's too fresh, doesn't make any money, and is growing at a ridiculous pace. Problem is timing it, which is fool's errand. Market could crash tomorrow or in 8 months, or in 3 years. Best option is to stay the course and keep investing. Even if you invested at peak of GFC bubble, you'd be ahead now, provided you had the time to wait.

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No, I'm rational and you sound foolish and stuck in the 90s. You underestimate them at our peril. And it's frankly fucking hilarious you mention state driven economy because we are becoming one at an absolutely fucking astonishing pace. It's even more hilarious you mention their talent coming to the US. You seem simultaneously stuck in the 90s and in late 2024.

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