Podcast EP 19 Print until you drop dead (Jul 28)

Available on Spotify | iTunes | Amazon Music
Twitter: nyugradsubstack
Threads: nyugrad.substack

Show Notes

5 straight months up for S&P 500

End of month paint the tape in play?

It has been the tale of two markets:

I. Backed by liquidity 

• Inflation reduction act

• Banks

• Govt spending

• Fha programs

• Employee retention credit programs

• BTFD

  https://www.federalreserve.gov/financial-stability/bank-term-funding-program.htm

  The Bank Term Funding Program (BTFP) was created to support American businesses and households by making additional funding available to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

  

II. The rest of us

• 20% credit card interest rates

• Average interest rate for new car buyers hit 7.1% in Q2. @Cardealershipguy

• *highest since Q4 2007

• Highest amount of revolving credit ever

• My gut says the student loan payment start date will be kicked down the road to next administration

Strong

$BZH up 22%

$ROKU up 31.43%

PLTR 0.00%↑ up 10.25%

EXTR 0.00%↑
July 19 - Surprising Increase: Mackenzie Financial Corp Boosts Holdings in Extreme Networks, Inc. by 47.3%

CAVA 0.00%↑ up 6.21%

Weak

SG 0.00%↑ down 8.67%