Soft Launching Hit Singles Using Social Media, Amazon Bails Out Regional Sports Networks and The Next Stage In Markets

Listen in podcast app and follow below for the podcast topic arc.

1. Sports recap

2. Market update

3. MSFT Co-pilot launches and surpasses APPL in market cap

4. Amazon bails out regional sports networks

5. Benson Boone Soft Launches his hit single Beautiful things

6. Recommendations and Links

Listen on Apple, Spotify, or Google Podcasts.

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Market Update📈📉

Welcome back.

Lets quickly start with interest rates and the Fed/Bank of Canada:

The Fed/BofC dot plot assumes 3 cuts in 2024.

3 factors drive that assumption

1. Inflation falling

2. Real GDP falling

3. Monetary policy

Lately the market and policy makers have focused entirely on #1. BUT 2. And 3 matter as well.

To validate the 3 cuts, GDP is projected to fall from 2.6 to 1.4. If it doesn't then almost all of the cuts in 2024 would not likely manifest. Last year we saw great progress in fighting back down inflation. This year will be about how the real economy handles current borrow rates.

Will gdp fall a lot? Or will it be stronger for longer?

Market technicals:

I think it's important to reiterate that if the most important sectors are holding their key breakouts, it's hard to be too bearish on the overall market at this stage.

First is Technology - the largest weighting in the S&P500 representing almost 30% of the entire Index. Tech is also 50% of the Nasdaq.

You're seeing similar from Industrials which is historically highly correlated with the S&P500 among all S&P sectors.

The importance of Homebuilders needs little introduction. But also keep in mind that this is one of the key groups within the Consumer Discretionary sector:

We don't have bull markets around here without Financials. So if the NYSE Broker Dealers Index is above those former cycle highs, like all of these others, it's hard to be too bearish on equities:

And finally, the strength out of Semiconductors cannot be overstated. As TSM 0.00%↑ released better than expected 2024 guidance.

Twitter links from the pod:

• Roy Maddox on 2024 expectations

• Brent Beshore talks small business investing/characteristics

• Ram talks demographics, growth and inflation

• Nate Silvers on the population Bomb

• How to grow/market/scale an ecommerce business

Podcast & YouTube Recommendations🎙

• Bob Elliott talks about what the Fed needs to see in order to see rate cuts in 2024:

• Beautiful Things - Benson Boone

• Sam Altman and Bill Gates talk the future of AI:

Best Links of The Week🔮

• The Red Sea, a key global trade route, faces material disruption from Iran-backed Houthi rebel attacks on commercial ships. - FT

• In the world of media and technology, there is something that is always in play…the bundling and unbundling of things. - Ben Thompson has covered this over the years.

• I love this Morgan Housel piece titled ‘Information That Would Get Your Attention’.

• The Apple Macintosh is 40 years old (a true reminder to let the Vision Pro breathe)

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