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Market Recap- The markets have been in a crazy rally for the past few weeks, specially this week for economic data like the PCE and GDP data came better than expected. But I want to talk about the most important thing at the moment the rate cuts. This one line James Bianco said there is never been multiple rate cuts in an election year, the only time that happened was during covid. The reason is rate cuts take time to delve into the markets and the economy. So having rate cuts during a presidental year makes no difference. What is gonna happen?, low unemployment?, well unemployment rate is at a 50 year low. Second, the economy is weak and the markets are good. I must say this 2 are really diverging. If you talk to anybody around you, you see the economy is still very weak. Price of goods are still up, the market is not seeing that. The market is to behavioral focused at the current moment. Third, the US government is still massively spending I mean the chart below shows my point that the government is constantly pressurizing the markets to drain capital. These high returns in the equity markets won't last for long. Also my bullish bet on energy is paying off. Read our previous stuff. Links and Charts- https://lnkd.in/gxRWTq5p https://lnkd.in/gMjN9uwM

CPI is sticky and it will constantly go up and down as inflation continues to, like that we will see more intervention from the FED in the markets https://lnkd.in/gsa9VjCp

The real way to beat the market is having an edge, this edge may depend from one person to another but what I want my company to do is, provide that edge through data and technology to show how macro drivers are driving the capital markets. Understanding data is the key in macro and understanding macro is the key to learn about the market. So Stay Tuned!!.