Steve Kurz (Galaxy) on Opportunities in Crypto
Galaxy Brains
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The Fed's Most Concerned About Core Services Inflation
The median expectation is for like a.36 month on month, but there's a heavy distribution towards like.4s and even some to.5s. There's been rebound in owners equivalent rent. We've also seen used auto prices start to tick back up again. And so like there could be another pretty material inflation upside surprise happening this week. Oh man. That's not going to be good for risk assets. But at the same time, it's such a weird place because everybody's like, okay, if the Fed's only response to really hot data is raising rates, what does that do? It further exacerbates the banking issues and that lowers your growth in the long run
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