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.

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