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This is the first time I’ve seen a WSB fellow wise enough to recognize he got incredibly lucky and then decided to get really conservative with his winnings. Good on you, sir! Most other WSB types would just keep trying to double their money until they were at $0 again.
I am going to spend this evening listening to one of my favorite musicians ever, John Wesley Harding. Here are three favorites he wrote.
Reference Inflationary Yield Curve Steepening? from January 11.
In my opinion, after the secondary extreme inversion of the 10-2 yield curve in July a new yield curve steepener was in the bag. That is exactly what the curve has been doing since the secondary inversion.
After today’s Tesla obliteration (the company is worth way less than half its peak now), I was wondering if it would be a one-hit wonder. Maybe not. Intel (INTC) just reported, and they’re getting clobbered too.
