Charlie Bilello

Well, just a couple things to keep in mind.

This is according to Charlie Bilello.

Since 1982, stocks have actually performed better following rate hikes than cuts.

Think about that for a second.

Pretty standard, pretty normal.

Charlie Bilello just shared a viral chart, looked at all the rate hikes and all the cuts since 82.

And I'm going by memory here, guys.

But the reality is you have outperformance three, six, one year, two years, like four years later after a hike than a cut.

And again, that's going back to 82 with Charlie Bilello's data.

So anyway, so we can slice and dice this and I give you other angles.

But I think the reality is this.

Wow.

which according to Charlie Bilello at Charlie Bilello on Twitter, Americans spent over $165 billion on sports last year, which is more than they spent on movies, books, concerts, and sports tickets combined.

He meant over $165 billion on sports betting.

In 2018, America spent $6.6 billion.

A rise and drastic rise in a whole bunch of things.

Charlie Bilello on X had this out yesterday.

Here's price increases since the start of the Iran war and commodities, of course, are extremely important to maybe the wholesale inflation numbers, much more so than the consumer inflation numbers.

although the wholesale inflation numbers tend to bleed into consumer inflation.

We can simultaneously say bonds are becoming increasingly attractive today while acknowledging that bond investors have just lived through something extraordinary.

And there's another chart that I posted from Charlie Bilello.

The Bloomberg U.S.

Aggregate Bond Index has actually been underwater from its prior high for more than six years now.