
Weekly Notebook Review | Vol Up, USD Up, Rates Up $SPY $QQQ $USO $GLD | August 2, 2023
Hedgeye Podcasts
The Government Large Ass, Leveraging AI and Hiring 5,000 People
CVS fired 5,000 people and so yeah, it's going to be interesting. What was interesting though, we saw that SLU's report on Monday and it talked about demand waning across sort of all areas as the tightening continues. But the one area that didn't see to drop off in demand was actually the demand for credit card capacity. The idea that the highest interest rate area is seeing the most demand and we're at the highest interest rates ever on those credit cards that are being issued. And that's where the highest demand is yet you've got that collision course with these issuers.
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