NM retweeted
What did the Fed accomplish by raising rates today?
For the first time in over half a century, a completed prolonged rate-cutting cycle produced HIGHER long-term interest rates.
The market has been telling the Fed for 2 years that it had the wrong policy.
They finally listened today.
1/5
I have the opposite conclusion.
Fed cutting has been a two-year policy error that (hopefully) ends tomorrow with a hike (91% prob now).
This chart shows that since the Fed started cutting rates on Sept. 18, 2024, the 10-year yield is UP 1.30%
@AnnaEconomist @fundstrat
NM retweeted
THIS HAS TO BE THE STORY OF 2026
Ken Griffin’s Citadel was pushing surprise-rate-hike fears just days before the AI trade collapsed and forced 4x-levered Leopold Aschenbrenner's Situational Awareness to unload its book near the lows.
Citadel then reportedly bought most of those assets at significantly lower prices knowing that if sentiment deteriorated enough the fund could be forced to sell which makes the entire sequence look absolutely ruthless.
This is why the stock market is the greatest game on Earth.
NM retweeted
A new poll finds 40% of respondents believe in a baseless conspiracy theory that the coronavirus was created in a lab in China.
There is zero evidence for this. Scientists say the virus was transmitted to humans from another species.
trib.al/m0pJe4b
NM retweeted
Omg, permabear Jeremy Grantham and Joe Kernen went AT IT on CNBC today.
Must watch TV.
Even got Jeremy to say bullshit on live tv lol.
But good on Joe for calling him out.
NM retweeted
One of the greatest scenes ever - and an acting masterclass.
“You're my boy.” 😢
After Life
NM retweeted
MARKET RECAP 📉 What a wild and crazy day, the S&P 500 fell 0.5% and the Nasdaq fell 1.7%, as tech continues to take big losses. The S&P 500 has lost around $1 TRILLION in market cap over the past week 😳
What the heck is going on?!? Let’s talk about it 🗣️
NM retweeted
This is Anduril’s head of product
Zero cringe. He’s a just a f***ing badass who was an officer in the 75th Rangers AND went to MIT
(and also my brother)
NM retweeted
I’m an old President of the @OxfordUnion and I think he should resign now.
NM retweeted
Sign me up.
Members of Congress should not be trading stocks.
They should be balancing the budget.
Today I have officially and formally submitted a resolution to prohibit stock trading for Members of Congress.
No one sent to Congress should be enriching themselves through Wall Street while writing the very laws that regulate our markets. This bill is about accountability, transparency, and restoring faith in the institution of Congress.
NM retweeted
The Fed started cutting rates last September with the 30-yr yield below 4%.
Today it's 4.9%.
The Fed may be done with inflation, but inflation isn’t done with the Fed.
If long yields keep rising, they won’t admit a policy mistake — they’ll just bring back QE.
In the end, all roads lead to easing.
