Genevieve Roch-Decter, CFA @GR_Decters
Former $100MM+ Money Manager • Seen on Bloomberg, FOX & VICE • CEO @grit_capital • A Top Finance newsletter on Beehiiv gritcap.io Not Financial Advice Joined July 2012-
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Has anyone tried to turn Facebook and Instagram off and on again?
Probably nothing.
Uber has no cars. Airbnb has no real estate. Instagram, Facebook and Coinbase don’t have servers that work. This is the new economy.
Tech stocks are getting crushed with NASDAQ down -1.8% today. This makes sense because in investors are rotating from fast growing innovative companies trading at high PE multiples to bitcoin which is priceless.
Good Morning Everyone! Bitcoin was less than $300 away from hitting RECORD high in the last 24 hours. Remember, Cathie Wood said her base case is $600,00 by 2030 and her bull case is $1.5 million. We’re not there yet.
Bitcoin $68,348 🤯 That’s it. Thats the tweet.
Good Morning Everyone! Big week in the stock market folks! - Monday: China “Two Sessions” senior gov’t leader’s summit - Tuesday: U.S Services ISM for Feb - Wednesday: U.S JOLTS report, Powell House Testimony and U.S Beige Book - Thursday: ECB rate decision and Biden State of…
🚨Another week, another record! S&P and NASDAQ BOTH hit new RECORD highs🍾 Let’s recap: - S&P 500 now up +130% since its March 2020 bottom. Incredible! - Apollo’s CIO says the FED will NOT cut rates this year as the U.S economy is NOT slowing down - 97% of companies…
🚨JUST IN: US Debt Rises $1 Trillion in 100 Days The US national debt is rising $1 trillion every 100 days, according to Bank of America. They estimate it will take just 95 days for the debt to climb to $35 trillion from $34 trillion, compared to the 92 days it took to grow to…
Good Morning Everyone! What a crazy morning: - Elon Musk sues OpenAI and CEO Sam Altman accusing them of breach of contract by putting profit before humanity - New York Community Bancorp is down 25% pre-market. Taking a $2.4 billion goodwill impairment on Commercial Real Estate…
Good Morning Everyone! The FED’s preferred inflation measure came in AS EXPECTED. The January PCE Core Deflator was +2.8%. This is down from +2.9% the prior month. Has the FED finally caught inflation?
The +0.4% MoM figure is probably too high. I don't think rates are getting cut soon.
🚨Rate Hikes instead of Rate Cuts? Noticing more and more comments like this lately. What usually happens is the opposite of what investors think will happen. Remarks by Michelle W. Bowman Member Board of Governors of the FED (February 2024):
Credit: Charles-Henry Monchau, CFA Full Read Here: federalreserve.gov/newsevents/spe…
JPMorgan CEO: “If I was the government, I’d close it (bitcoin) down” Also JPMorgan: “We see the higher cryptocurrency prices not only sustaining but improving”
BITCOIN $60k 🤯