Band of Traders - Together We Trade 10-21-2023: "We Dug Our Own Grave"
This week in the China Shop, Powell admits to the Fed's role in rising Treasury yields while China sells off US assets at an accelerating pace. In Stock News, Stewart leaves Apple TV over 'creative' differences, UAW talks progress and Musk makes strange comments about Tesla's Cybertruck. Over in the Crypto Corner, Ferrari moves to accept crypto payments and a Dumb and Dumber reference makes its way into the SBF trial. Coming into the home stretch of Octobers Bet and the bulls need a homerun (again) to end strong.
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Links:
China Sells Most US Assets in 4 Years
Vegas Whale Uses FHLB to Fund Inflation Bet
Powell Admits Role in Treasury Yield Surge
Cybertruck 'Dug Our Own Grave'
TSLA Cybertruck Tolerance Specifications Email
Ferrari to Accept Crypto as Payment
SBF Prosecutors Compare SBF Defense to Dumb and Dumber
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