Postcards: Huskies and Fiscal Hawks

Well... turns out there are better ways to make picks for college tournaments... just as there are to find great ideas in finance for your stock portfolio. Keep it simple.

Market Update: Yesterday, I shot a quick video on the “2:35 phenomenon” during Fed Open Market Committee announcement days. The algorithms doing more than 80% of the market trading don’t care that the Fed’s fiscal hawks have signaled a “higher for longer” interest rate policy into 2025-26 (when the problems start). Shorts continue to get crushed - and we continue to scream higher - and the S&P 500 remains well above its 200-day moving average. Only in America. We’ve been higher on the S&P 500, NYSE, Nasdaq, and Russell. The music plays on for now.