This week we discuss NVIDIA's latest earnings, the ongoing market rotation from growth to value, and the connection between credit spreads and unemployment. We also delve into the health of the consumer, the future Federal Reserve balance sheet, and Bitcoin geopolitics. Enjoy!
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Timestamps:
00:00 Introduction
02:27 NVIDIA Earnings
08:12 Growth Vs Value
11:36 S&P 500 Earnings Growth
14:02 Yield Curve Steepening
17:40 High Yield Spreads
19:58 Credit Spreads, Unemployment & Recession
23:00 The Health Of The Consumer
29:59 Advertisements
31:14 The Future Fed Balance Sheet
37:05 Consequences Of Controlling Volatility
38:57 Central Bank Independence
41:18 Permissionless Ad
41:57 A Weaker US Dollar
44:54 Bitcoin & Geopolitics
53:19 Nobody Makes Money In Perps
56:51 Are Rate Cuts Bearish?
59:29 Will We Ever See Negative Real Rates Again?
01:02:02 Altcoins & Macro
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
Supply Shock