The Compound and Friends

It's Like Free Money

113 snips
Dec 12, 2025
Tracy Alloway, a markets journalist and co-host of Bloomberg's Odd Lots, and Joe Weisenthal, an editor at Bloomberg and fellow Odd Lots co-host, delve into fascinating discussions about market trends. They explore the Dow nearing 50,000, how AI hype may not meet revenue realities, and the Fed's recent 25bp cut affecting liquidity. The duo also critiques Time's AI 'Person of the Year' cover and debates the $8 trillion in money market funds, pondering if that constitutes actionable capital in the stock market.
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INSIGHT

Record Highs Lose Psychological Punch

  • The Dow approaching 50,000 feels less momentous because large numbers have become normalized in markets.
  • Market participants treat higher nominal levels as routine, reducing psychological impact of round-number milestones.
ANECDOTE

Drinks That Ruined A Beer Forever

  • Tracy recalled meeting Josh over drinks where she now can't drink Blue Moon again after overindulging.
  • The hosts joked about that night as the origin of an enduring memory.
INSIGHT

Idiosyncratic Drops Don't Necessarily Crash Markets

  • Oracle plunged but the broader market held up, showing idiosyncratic shocks don't always drag indices down.
  • Market breadth can decouple from a single large-cap drawdown when other sectors lead.
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