Basis point

Or maybe less.

Maybe we get to a point where it's like, you know, Bitcoin's daily fluctuations are the same as like, you know, BIPs.

in the stock market it's like percentage points of a percentage and that's when we start to feel some sense of stability like i'm already in that world thinking but for a lot of people again i right now i'm reminded of alex gladstein's you know check your financial privilege which catchy phrase but uh and not my favorite phrase but a catchy phrase And so I'm already in a different world thinking about money, about the dollars and Bitcoin.

But when I pull back to other people, you know, less fortunate people, you know, kind of using that grammar that that.

Hello, everybody.

Welcome back to another episode of Basis Points.

Steve.

Amit.

We know that.

If they hike again, I'm just not sure how many companies are going to blow the doors off in Q4.

And if we actually get the likely scenario that the Fed is painting and that CME Group is projecting of 75 to 100 basis points over the next year in hikes, I don't see how you get S&P up 15%, 20% in 2027.

And I just don't see how we get 8,000 or 8,200 this year, if that actually happens.

Run through the rates here.

We had the Treasury, the three-month Treasury was up seven BIPs.

The two-year up 11 bips on the week.

The five-year was up seven basis points.

I mean, it was down one basis point.

Look at the components of the ag.

The government's bonds were down eight BIPs.

Agency MBS down two BIPs and investment grade credit unchanged on the week.

I'll go to the Fed probability here in a second.

But if you look at Standard Charter, they expect the Fed to deliver a 25 BIPs in December, a hike in December.

And that kind of goes to the point that Danielle was talking about.

And that is, if you look here at the October 28th, just a few days before an election, now that likely after because of this credibility move that has now been implemented within the Fed, it is possible that they could get away with a pause.

22% no change.

I mean, he could come in and he just go 50 BIPs.

The fact is, though, is I just saw that Bitcoin has went crazy.

So, yeah, absolutely.

Getting those basis points.

Bips and dips.

Bips and dips.

Dave, did we answer all your questions and then some, or do you just feel as concerned as ever about the degeneracy of short-termism? I think

the rise of gambling is a bit of an iceberg that we are just going to, it just exists.

Getting those basis points.

Bips and dips.

Bips and dips.

Dave, did we answer all your questions and then some, or do you just feel as concerned as ever about the degeneracy of short-termism? I think the rise of gambling

is a bit of an iceberg that we are just going to, it just exists.