My brother sent me this image - he’s the funny one in the family. Humor as dry as the desert.🤣🤣🤣 #macro

Factor performance within S&P 1500 Tech (equal weighted). One clear difference about 2000 and 2023 is that profitable Tech is leading unprofitable Tech in ‘23. All cycles have the same base ingredients, but each has its own unique “toppings.” 🍨🍦#macro #hope

Factor performance within S&P 1500 Tech (equal weighted). One clear difference about 2000 and 2023 is that profitable Tech is leading unprofitable Tech in ‘23. All cycles have the same base ingredients, but each have their own unique “toppings.” 🍨🍦#macro #hope

@BobEUnlimited The market may be, but positioning tells a different story. All stocks are not at the same place. Factor leadership is a better market barometer than the market itself, no? Stock picking is how alpha is generated on the buy side. Profitability tilt/bias has produced a decent…

I found this a few weeks ago … “No landing” was a thing in August 2000. 'Soft Landing' Leaves Economists Debating the Need for Any Landing

From January 2023. We didn’t expect weaker employment or a bear market in 1H. 2H looks different.

New bull markets and pivot rallies can look the same on the index level, but are often very difference below the surface. This potential head fake has occurred near the end of EVERY Fed tightening cycle. No two are identical in magnitude or duration. If claims keep rising it will…

March 2000: Maybe it’s different this time, maybe it isn’t. Nobody knows 💯 . Follow a process, not the market. It can be challenging to stick to it sometimes. #HOPE

Maybe it’s different this time, maybe it isn’t. Nobody knows 💯 . Follow a process, not the market. It can be challenging to stick to it sometimes. #HOPE

Maybe it’s different this time, maybe it isn’t. Nobody knows 💯 . Follow a process, not the market. Oftentimes it can be challenging to stick to it. #HOPE

Maybe it’s different this time, maybe it isn’t. Nobody knows 💯 . Follow a process, not the market. #HOPE

A #macro video - if you understand photography and follow economics you’ll get the joke. iPhones have come a long way. I haven’t picked up my DSLR in years. Photography used to be a passion. Watch as the ladybug avoids the rain drops.

@Mayhem4Markets Just for context. Very mild recession in 01-02. Some big similarities to today, some big differences. Claims inverted vs stocks.

Kelly Evans: This is all pretty textbook. @KellyCNBC always has her eyes open and is asking the right questions. I’ve read her WSJ articles in early 2008 before people finally got it. #macro @CNBCTheExchange

Kelly Evans: This is all pretty textbook. @KellyCNBC always has her eyes open and is asking the right questions. I’ve read her WSJ articles in early 2008 before people finally got it

Has employment improved or slowed over the past 6 months? This is the start of the “E” in the #HOPE cycle. The cycle is more about positioning than a market call. Positioning around the cycle is a process, market calls are the end point and staring point. #macro

Has employment improved or slowed over the past 6 months? This is the start of the “E” in the #HOPE cycle. Which is more about positioning than a market call. Positioning around the cycle is a process, market calls are the end point and staring point. #macro

“Respecting The Lag” Since 1960. From Fed minutes with regards to tightening in 1960 of money growth and reserves. #HOPE #macro

“Respecting The Lag” Since 1960. From Fed minutes with regards to their recent tightening of money growth and reserves. #HOPE #macro

Claims are slowly rising. Earnings and credit-driven bear markets don’t unfold without rising claims becoming investors’ top problem. We’ve continued to expect this to be a 2H issue. This chart doesn’t include today’s 261 print. Respect the lag. We’re approaching the lag. #HOPE

“Positive” opposite surprise is when it missed estimates in original report, but then we find out it was really a beat beat when the data are revised the next month. Negative is the opposite. But it’s ignored all to often. Just shows how much markets are always pricing in the…