Are Rate Cuts Dead?
Episode publishedPodcast: 1000X1000X
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So many people are still playing the old game of fundamentals, and they're not playing the new game of flows. And so we just have to continue to play the new game of flows. You as the listener, you as the investor, you as the trader, play the game of flows now. Forget the game of fundamentals. At some point, when the credit cycle resets and liquidity gets drained from the system, the fundamentals game will come back. Me. But right now, it's it's it's we're we're nowhere close.
You gotta know the fundamentals. If you don't know the fundamentals, you'll never have a career. You may have a good year here or there, but you'll never have a career. It's true. You gotta know the fundamentals. But right now, my point is that SpaceX is a purely technical trade through the unlocks. So when does the level end? How you're collecting gold coins in SpaceX. When does the level end? The level ends when the unlocks occur. For the broader market, when does the unlock occur? It could be rate rate hikes. Basically, whenever there's a credit problem, whenever there's a borrowing issue,
What's up, mister Jonah? Peace in Iran. Yay. We did it. We did we did it. It's over. It's over. We've solved the conflict.
Just send in Jared Kushner and everything gets better. That's Yeah.
Wit Witkoff, Kushner, Trump. I mean, man, you know, all of those all those people out there that accuse us of being that accuse us of being Zionist, which we are. That's
what's what's
there? Hey. You can't you can't show the gleam the the secret.
Yeah. Oh, sorry. No. But Believe that, Brad.
Yeah. People are like, man, these these these these thousand and Zionists, they're gonna be so upset at the deal. I'm actually not. I think that this is this was probably this was probably the best outcome that that we could get. Right now, markets are absolutely happy. Markets are ripping. It's kind of incredible, Jonah. Take a step back and think about this, and I wanna get your take that we barely had a sell off. We had a full blown war with Iran, and we barely had a sell off. We had the straight of Hormuz shut, and we barely had a sell off. What is gonna tank what is gonna tank the market?
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