Traeger stock down 11% ahead of earnings tomorrow. Been downgraded to neutral. I'm still all in and buying more. 2023 will suck for grills so plenty more entry points coming, but 2024 is the start of the rebound
they just decided on a measure and roll with it. on the front end it kept inflation lower for a bit but will also keep perceived inflation longer for a bit. that's why following smart people who look at all the CPI measures and other shelter calculations is important
Don’t think that’s true tbh. Reality is that rate hikes and a small number of layoffs (relatively) in tech have dominated the financial press for months.
Funded the rest of my HSA this morning. Instead of buying into the usual index fund, bought 13 shares of Schwab. Will be looking forward to the few hundreds of dollars when it gets back to prior levels
So we’ve gone from a possible systemic regional bank collapse last Friday to the S&P being up 4% this week. Makes perfect sense in this fucked up timeline.
That's not what Balaji is offering based on my read. He seems to be willing to lay 40:1 odds that the US enters hyperinflation in the next 90 days. Not that BTC goes to $1m in the next 90 days. Still seems like a really dumb bet, but it's lacking some key terms, most importantly how the two sides are defining "hyperinflation."
thats the assumption people are making but yeah medlocks waiting to get balaji to define hyperinflation for the terms of the bet
I’ve always read the definition of hyperinflation is 50% MoM, seems arbitrary. People in the US would be flipping out at 10% MoM
Terms of the bet: ideally someone can set up a smart contract where BTC is worth >$1M in 90 days, then I win. If it's worth less than $1M in 90 days, then the counterparty gets the $1M in USD. from his last like 800 word tweet saying he'll do it with Medlock and one other person
Yep just saw that. Quite the call for a decent chunk of money. Pretty dumb. No clue why he’d give 40:1 odds on it either. If anything, the odds should be flipped.
The funniest thing is Medlock is like a small time accountant or something that has just grown a Twitter following by being smart. Would be life changing money.