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It’s been 3 months since the Fed first cut rates and the 10-year Treasury yield is 86 bps higher, moving from 3.66% up to 4.52%.

00:01 - 23/12/24

 

 

A meme coin featuring a dog was not speculative enough. So they're rotating into one about flatulence

 

 

 

 

Another pretty big print of new lows vs new highs on the NYSE. Not as bad as yesterday's, but today's move in the indices was also barely led. This shows that underneath the surface there's still a fair amount of weakness

 

The bond market is now pricing in just one 25 bps rate cut by the Fed in all of 2025. Back in September six 25 bps rate cuts were expected.

 

 

Returns since election...  - Fartcoin: +2,180% Dogecoin: +115% Tesla: +75% MicroStrategy: +53% Bitcoin: +47% Coinbase: +44% US Dollar: +5.2% Trump Media: +4.1% S&P 500: +1.7%

 

 

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