Podcast EP 101 Where thou Truth Lie? (Dec 8)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT

Dec 08, 2023

Transcript

Podcast Available on

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Show Notes

Summary of the day

The title wasn’t a typo. Someone is withholding the truth.

% of companies with strong/healthy Altman Z-scores (which combine account profitability, leverage, liquidity, solvency, activity ratios, etc. to measure bankruptcy risk) has dropped below 10% for first time on record per @fathommacro @lizannsonders.
https://twitter.com/LizAnnSonders/status/1732743034100428951
Jobs data beat this morning. It was the Goldilocks print. Not too hot not too cold. Won’t trigger Powell to raise, yet Americans are still gainfully employed, is the deduction
Jobs data has been revised down almost every time this year after the fact!
Consumer credit has never been higher in the history of Homosapien
This has been the longest period of yield curve inversion in financial market history
$VIX is pricing in no landing
#Bitcoin $BTC is pricing in a useless faux currency
Magnificent 7 made up 80% of the S&P 500 YTD gains in 2023
all consumer stimulus programs are now past us
The last time Gross Federal Debt as Percent of Gross Domestic Product was at this level, World War II was ending and we went deep into debt to defeat the enemy.

2024 financial markets are 100% going to either move violently lower or higher. I don’t expect a tight range. The real world experience may also be very extreme. It is time to get our own houses in order and be strong mentally, spiritually, physically, & financially so that we can provide for our families.