No. of Recommendations: 3
The Fed cut by .50 yesterday, and all was well with the world.
Then I realized this is the same Fed that said inflation wasn't a problem and then went on a hiking spree and only after 3 years is the "rate" of inflation coming down near desired levels. Albeit after the damage has been done via the cumulative effects of multi-year high inflation on food, energy, housing, etc...
I believe we are much more likely headed to 2001 and 2009 effects of a cutting cycle.
Sure, let's likely retest and maybe surpass ATH's first.
https://x.com/nickgerli1/status/183640430159535347...10 of the last 14 Fed rate cut cycles directly led to a Recession.
Rising unemployment seems to be an issue.
The economy is generally weaker than expected.
Inflation is still slightly elevated and no assurance that lowering rates this quickly this fast won't cause it to just reaccelerate.
Is now the time to go all in on NVDA and the tech darlings? AI, right?
What do the OpenAI folks say?
https://x.com/tsarnick/status/1836215965912289306"OpenAI's Noam Brown says that while AI model performance scales roughly equivalently with more training or inference compute, the cost of inference is on the order of 100 billion times cheaper."
Huh...how bout that?
I doubt all this stuff means nothing. It will be fine. Just fine.
Dreamer
