Because You Missed Squawk Box

Why in the hell are they talking about monetary, fiscal, and supply-side economic policies at 6:35 in the freaking morning? Are they trying to keep this @#$@ a secret?

An independent and profitable state of mind…

July 24, 2024

Dear Fellow Expat:

I took many questions from yesterday’s piece on global liquidity. That’s good.

It means that people are thinking… questioning… challenging the status quo… but also the author.

That’s how it should be.

The markets don’t care about valuations right now.

Earnings reports are coming in, and regional banking stocks are getting stronger (that’s another testament to the power of insider buying from March/April).

And what about the Nasdaq rebalancing? Who cares…

What about the Fed’s rate hike on Wednesday? Who cares…

The markets recognize that fiscal conditions are expanding.

There is plenty of money sloshing around these markets…

For insight on what comes next… let’s check in with former Dallas Fed President Robert Kaplan, who appeared this morning in an interview with Squawk Box.

Because You Missed Squawk Box

During the pandemic, I ran a short-lived blog called “Because You Missed Squawk Box.” Each morning, I’d watch the show …