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The Compound and Friends: Time Heals
Michael Batnick
August 30, 2024
Today’s Compound and Friends is brought to you by Public:
See here to learn more about Public’s new bond account!
On today’s show, we discuss:
Charts:
Tweets:
Today's Economic Indicators Results
GDP: 3.0% vs 2.8% est.🟢
Personal Consumption: 2.9% vs 2.2% est.🟢
GDP Price Index: 2.5% vs 2.3% est.🟢
Core PCE Price Index: 2.8% vs 2.9% est.🔴
Wholesale Inventories: 0.3% vs 0.3% est.🔵
Initial Jobless Claims: 231k vs 232k est.🟢
Continuing… x.com/i/web/status/1…— Bespoke (@bespokeinvest)
2:57 PM • Aug 29, 2024
$MSTX (1.75x MSTR ETF) assets up to $127m already, its only 6 days old, it also starting to trade over $100m a day. Amazingly quick grassroots success. It went up 20% on Friday alone, altho lost 10% the day before. ETF equiv of mechanical bull.
— Eric Balchunas (@EricBalchunas)
5:02 PM • Aug 26, 2024
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