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On today’s show, we discuss:
- Federal Reserve Jackson Hole meeting
- Nvidia Is Up 2,000% Since 2019. These WSJ Readers Invested Early.
- Nvidia Rally Mints Millionaires Too Busy to Bask in New Wealth
- Crypto Bros Aren’t Flipping Watches. That Is an Issue for Luxury Brands.
- Grocery Price Inflation Has Cooled Substantially
- How price gouging bans really work
- Record Low Levels of Layoffs
- REALTORS Confidence Index
- The Share of Million-Dollar Homes in America Just Hit an All-Time High
- Americans Say It Takes $2.5 Million to Be Considered Wealthy
- We’ll Never Have It As Good As Our Parents Did
- Why People Don’t Save Enough For Retirement
- These Are the Best U.S. National Parks–and They’re Not Even That Crowded
Listen here
Recommendations:
Charts:
Tweets:
If you follow our daily market dashboards, a new international set of charts dropped
One of my favorites attributes long-term drivers of returns: What caused Intl stocks to lag last 5/10years:
Slower sales growth, less multiple expansion, FX losses (ie everything) pic.twitter.com/z8wO4ITxFw
— Jeremy Schwartz (@JeremyDSchwartz) August 24, 2024
Adjusted for the collapse in the dollar, the S&P is unchanged in 50 years pic.twitter.com/lTZlHiivCk
— zerohedge (@zerohedge) August 23, 2024
Yes, it is volatile lately, but durable goods up nearly 10% simply isn't something you see in a recession or an economy headed for one.
We've long said there is no recession coming (even three weeks ago when they promised us one) and we are still in that camp. pic.twitter.com/E0F8FmoiuG
— Ryan Detrick, CMT (@RyanDetrick) August 26, 2024
Household mortgage debt as a percent of household real estate value is near an all-time low@yardeni pic.twitter.com/9KcUtAYS1J
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 27, 2024
For the 1st time, there are 5 generations in the US workforce at the same time.
This is the new normal as Americans live longer and want (or need) to work longer.
But it's creating tension. Gen Z won't be promoted as fast as prior generations b/c it's "crowded" at the top pic.twitter.com/dqa1b3Fbdz
— Heather Long (@byHeatherLong) August 26, 2024
“According to the Census Bureau, only 16% of households have incomes of at least $200,000 in the New York City area. In the San Francisco area, 26% of households do.” pic.twitter.com/0P6rGfXknK
— Kyla Scanlon (@kylascan) August 26, 2024
Spending on streaming services appears to have topped out in Bank of America internal data,
and the growth in households paying for services has slowed. pic.twitter.com/uTSBXMw2sq
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) August 27, 2024
YouTube TV will now also offer Fantasy View, allowing Yahoo and NFL,com users to link their fantasy teams to their YouTube TV accounts—which will provide key plays and multi-view options personalized to each viewer’s fantasy football roster. pic.twitter.com/Ly4pNUCYCl https://t.co/yy98p6yEVa
— Ari Meirov (@MySportsUpdate) August 20, 2024
Allowing teams to sell up to a total of 10 percent of each team to a list of permitted private equity firms is expected to be voted on and approved today. https://t.co/5lw5ymkepz
— Adam Schefter (@AdamSchefter) August 27, 2024
If the deal between $ATD.TO and $SVNDY goes through, they will hold a market share of ~13% – making them significantly larger than the next player, $CASY, at 1.7%.
However, the U.S. convenience store market is still very fragmented, with 63% of stores being single-operated. pic.twitter.com/3uCQRSGTDW
— Quartr (@Quartr_App) August 26, 2024
"How are you?" is thrown around too casually.
As a German, I'm not used to exchanging pleasantries with strangers such as cashiers like that.
It feels kind of fake to ask a question that no one really wants an honest answer to, but I guess it's part of American social norms.
— Ole Lehmann (@oledoteth) August 20, 2024
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