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The Compound and Friends

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The Fed Raising Rates and the S&P 500

Robin Hood's net interest went from zero to what was it? $208 million. The Fed jacks weights up 500 basis points puts legitimate banks out of business, legitimate air quotes. And turns Robin Hood into a double digit stock price again. It's poetic. But look at the monthly active users. I saw again, it re-abounded, but 21 million at the peak and you guessed it, 2021. This is going to move with the market at this point. Unless there's another meme frenzy, basically Robin Hood new accounts are going to be a proxy for how did the S&P do less?"

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