doing it right

market vibes

October 28…)

“In an age of distraction, nothing can feel more luxurious than paying attention.” Siddharth Pico Raghavan Iyer

Money supply at 1:00PM EDT

The LA Dodger’s Freddie Freeman hit a walk-off grand slam at 3 AM New York time in the 18th inning of Game 3 of the World Series. The Dodgers won the game 6-5 and lead the series 2-1. When it was over, the guy slated to pitch for the Dodgers tonight got on base so many times, he needed an IV. Shohei Ohtani doubled, then he homered, doubled again, then he homered again. Usually, I hate extra-inning games, but this one was pretty crazy.

In lesser news, it is day one of the FOMC. The Fed is cutting at least 0.25 bps into a boom, magnitude of which TBD.

In the markets

Gold fell > $100 overnight; stocks are unchanged and steady at all-time highs. Silver made a new low for the month of October in London and rallied a dollar. Oil is down despite additional US/EU tariffs. Bitcoin comes to the plate again as the futures roll comes to an end.