Band of Traders - Together We Trade 04-08-2023: Billionaires Don't Buy Companies to Make Jokes, Right??
This week's in the China Shop, the latest Jobs report has the markets expecting another 25bp hike in May, while BofA goes against consensus and predicts steady disinflation for the rest of 2023. In Stock News, McDonalds turns to Zoom for issuing layoffs, A Billionaire investor takes a large position in Adani and ChatGPT gets accused of defamation. Over in the Crypto Corner, Musk is in the headlines again after replacing the Twitter logo with the Doge mascot and in The Bet, the race to the bottom is on after the Bulls forget the most basic of all trading rules...
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Links:
March Jobs Report a Win for Both the Economy and the Fed
Jamie Dimon Wants to Bring Back the Marshall Plan?
BofA Securities Predicting a Phase of Sustained Disinflation
Rouble Sinks to Lowest Value in a Year
Top Investor Makes $2B Bet on Adani
MCD Laying Off Hundreds amid Restructuring
Australian Mayor Suing ChatGPT for Defamation
Musk's Latest Doge Shenanigans
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