So evidently Chinese company that owns TikTok (aka Douyin) is worth $75 billion. https://www.bbc.com/news/technology-49156579 TikTok is the fastest-growing social media app, with about 500 million regular users. Besides TikTok, ByteDance owns several popular AI-based video and news apps, such as Slack alternative Lark, video-chat app Flipchat, and news aggregator Toutiao, but TikTok is by far its most popular offering. The app has done so well with both Western and Asian audiences that it recently unseated Uber to become the world's largest privately backed start-up, with a valuation of $75bn.
maaaaan ... what a bore fest this week ... let's see if tomorrow's fed meeting can move the needle for us one way or the other ... but after we're done with the fed, it's gonna be a snooze fest for maybe another month with the dog days of august upon us ... of course this is absent a black swan event or trump tweet
whelp, let's see if we do indeed get our first rate cut tomorrow. if history is any guide that will bode quote well for the market at least for the next 12 months. going back to 1980, when the fed cut rates for the first time with the SPX trading within 2% of highs, the SPX was green a year later a perfect 17 of 17.
well, we close the books on the month of july tomorrow. i wasn't actually fully aware of this, but the month of july has actually historically been a pretty good month for the market. looks like barring any major collapse tomorrow after the fed meeting, we'll end the month pretty nicely. next 2 months however could be kind of choppy/volatile though...at least historically speaking.
last chart. these are not mine obviously, but just felt like sharing them in here. just a quick comparison chart to show how the market has done historically speaking when the fed made its first rate cut, with and w/o a recession the follow year. my hunch is we follow the gold line on this particular chart since i see no recession in sight, at least domestically speaking.
Seems like not a lot of people talking about AAPL earnings this time around, the FED tomorrow is overshadowing everything
whelp, moment of truth tomorrow with the fed interesting stat i came across this afternoon i thought was worth sharing in here is that this is one of the longest streaks on record that we have seen without a fed cut. streak could end tomorrow.. usually consensus is pretty spot on with its projection on cuts and hikes, but for tomorrow's meeting this seems like the biggest toss up we have seen in a long time. this could go either way. and neither outcome would be too terribly shocking. markets expecting at min. a 0.25% cut tomorrow. let's see if that consensus is correct.
damn, i woulda liked to have a poll open for today's fed decision. i think today's meeting unlike any other one's we've seen in recent past, is the most unpredictable one. we only have about 30min. to the official announcement, but i'd be curious to hear what everyone thinks we're gonna see. cut or no cut?
