Huawei Pulls Its Nvidia-Killer Forward To Q1 - But There's A Catch

"Everything Rally" As Futures Rebound From Post-Fed Selloff; Yields And Oil Drop Stocks look set to recover from Wednesday afternoon’s selloff asmarkets digest the rate hike from the Federal Reserve with Warsh (in retrospect) calming markets with a rate hike and tough talk on curbing inflation. A second day of dropping oil prices (no overnight news from Iran is helping) is also helping. Meanwhile, the debate around AI pacing and safety is rumbling on. As of 8:00am ET, S&P 500 futures are up 0.8% with Nasdaq 100 contracts +1% as tech leads with Mag7, semis, memory,...

Watch Live: Fed Chair Warsh Explains Why He Hiked Rates Into Stagflation The FOMC just (unanimously) hiked rates for the first time since July 2023 despite recent inflation prints slowing... Additionally, recent macro surprises are clearly signaling stagflation - the central banker's nemesis... So, a hike for credibility... but Warsh’s biggest challenge will be communicating his outlook without reverting to forward guidance, even as markets seek clarity on whether today’s likely move is one-and-done, or the start of a broader tightening cycle. With investors forced to extract more signal from his language, the press...

Buying Bullsh*t In "4 Easy Payments"  Submitted by QTR's Fringe Finance I have been gently touching on what a horrible idea one sector has been since the inception of this blog. And just this week, it looks like cracks are starting to form in the space via one of its largest and most well-known publicly traded companies. As savings finally dry up, rates remain higher and auto loan/credit card delinquencies start rising, I wouldn’t be surprised to see a deluge of ugliness from these types of names in their next few quarterly reports. (Chart:...