No qualifying author-owned investment thesis was confirmed in this post.
macro observation no identifiable asset thesis
Score143
Comments60
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Data just dropped
GDP: 1.4% (expected 2.5%, Q3 was 4.4%)
Core PCE: 3.0% (was 2.8%, going wrong direction)
growth collapsing while inflation rises. thats stagflation.
**fed is trapped:**
\- cant cut (inflation too hot)
\- cant hike (economy too weak)
\- cant do anything
**market reaction:**
\- nasdaq down
\- gold ripping to $5,044
\- oil up on iran tensions
this week walmart beat and dropped 3%. palo alto beat by 10% and dropped 10%. now gdp misses and inflation comes in hot.
nothing is working.
nvidia tuesday is the only thing that matters now. if blackwell guidance misses, tech is done.
how are you playing this?
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