The ACID Capitalist Podcast Acid Breath: Stocks-to-Money, Tuesday 30 September, 2025
Oct 1, 2025
Dive into the latest market insights as the host humorously dissects JOLTS data, arguing it's mostly noise for serious investors. Discover why trading on first prints might be a rookie mistake and the significance of Marshallian K in understanding liquidity. A look at tech stocks reveals the potential for valuation breakthroughs, while the host urges listeners to trade less and focus on steady, long-term gains. With a refreshing perspective on the labor market, he emphasizes the importance of focusing on the bigger picture over minor fluctuations.
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Episode notes
JOLTS Is Mostly Noise
- JOLTS headline moves are small and rarely meaningful in isolation.
- Daily labour data often amount to 'a big pile of nothing' and shouldn't drive major portfolio decisions.
Ignore The First Print
- Avoid trading the first print of economic data because it is noisy and often meaningless.
- Trade the urge to trade and focus on larger signals, not daily decimal moves.
Marshallian K Explains Market Mood
- Marshallian K measures the fraction of nominal income people hold as money and signals risk appetite.
- A low K means money moves fast and amplifies market gains, while a high K signals caution and liquidity hoarding.
