View the video version of this podcast episode here on YouTube: https://youtu.be/dbwP3r6Nvqw?feature=sharedRead the related TEK2day article here: https://tek2day.substack.com/p/backtesting-the-tek2day-founder-ceoSee the backtested portfolio here: https://www.portfoliovisualizer.com/backtest-portfolio?s=y&sl=3zih7QmbLhWF4jG4AUChu1See this podcast ep…

Watch the video version of this podcast episode on YouTube: https://youtu.be/7XHKgYLYZP0?feature=sharedRead the related Substack article here: https://tek2day.substack.com/p/founder-ceos-vs-compsWatch the video version of this podcast episode on X: https://x.com/JonathanMaietta/status/1828445724075254096…

Eric Schmidt's comments regarding Agentic AI were overly bullish in our view whereas Deepmind co-founder Demis Hassabis has a more grounded perspective.View Schmidt's remarks on our Substack page: https://open.substack.com/pub/tek2day/p/former-google-ceo-eric-schmidt-speaks?r=1rp1p&utm_campaign=post&utm_medium=webView Schmidt's remarks on X: https:…

View the video version of this podcast on YouTube: https://youtu.be/8Y9MCNVQlcY?feature=sharedTEK2day による

A CrowdStrike update that was pushed this past week took down Microsoft, which had a cascading effect across the real economy. MSFT could use M&A to mitigate that risk going forward.Microsoft could acquire 100% of the equity or at least a meaningful equity stake in any technology company that strategically impacts Azure, Windows, and Microsoft in g…

A back-end loaded year puts the FY'25 consensus revenue estimate of $120 Billion at risk.Watch the video version of this podcast here: https://youtu.be/RqVDLOhcSOc?feature=sharedTEK2day による

We cover NVIDIA's insider activity which is heavily weighted toward insiders selling. In fact, over the past 3 months, 99% of NVDA insider transactions have been share sales. We also cover Gen AI.TEK2day による

MSFT is enjoying a 3,000x MVA to Gen AI Revenue multiple. Read the full TEK2day article here: https://tek2day.substack.com/p/msfts-3000x-market-value-added-toWatch the YouTube version of this podcast episode here: https://youtu.be/465MY47xG6Q?feature=sharedTEK2day による

If Microsoft’s Gen AI effort is to be a success on the order of justifying MSFT’s share gains (up 87% since Dec 30th 2022), Copilot Pro ($20 per user per month) needs to be a success. Read the full article here: https://open.substack.com/pub/tek2day/p/microsoft-copilot-pro-show-me-the?r=1rp1p&utm_campaign=post&utm_medium=webWatch the YouTube versio…

View the video version of this episode here on YouTube: https://youtu.be/0Lx7Njk4QLE?feature=sharedTEK2day による

View the video version of this podcast here: https://youtu.be/wqQd88N0Mzw?feature=sharedTEK2day による

See the video version of this podcast episode here: https://youtu.be/w4fevzZutZ8?feature=sharedTEK2day による

Watch the YouTube version of this episode here: https://youtu.be/uf6E7YCPGi4?feature=sharedTEK2day による

See our related article here: https://open.substack.com/pub/tek2day/p/recessions-happen-when-fed-funds?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Watch the video version of this episode here: https://youtu.be/9ZaFtnJaD58?feature=sharedRead the related TEK2day article here: https://open.substack.com/pub/tek2day/p/there-is-nothing-magical-about-the?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

View the YouTube version of this episode here: https://youtu.be/vXVAWgm8Ghs?feature=sharedRead the related TEK2day article here: https://open.substack.com/pub/tek2day/p/adobe-creative-cloud-is-not-growing?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

View the YouTube version of this episode here: https://youtu.be/r4spPWX9U1Q?feature=sharedRead the related article here: https://open.substack.com/pub/tek2day/p/worst-case-for-the-economy-and-markets?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

See the YouTube version of this episode here: https://youtu.be/nlt71a6dnVI?feature=sharedRead the full article here: https://open.substack.com/pub/tek2day/p/fed-discount-window-borrowing-increased?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Watch the YouTube version here: https://youtu.be/jVcaKYGK_V0?feature=sharedTEK2day による

Watch the YouTube version here: https://youtu.be/hSyrR5uZSUw?feature=sharedRead our related article here: https://open.substack.com/pub/tek2day/p/which-companies-are-generating-meaningful?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Unknowable outcomes bring Gen AI’s ROI into question.TEK2day による

The video version of this podcast is here: https://youtu.be/B1mF-zqklZY?feature=sharedOur related TEK2day article: The LLM Space Is Richly Valued Thanks To The Fed: https://open.substack.com/pub/tek2day/p/the-llm-space-is-richly-valued-thanks?r=1rp1p&utm_campaign=post&utm_medium=webRelated video: https://youtu.be/6g8Qi9AnjuM?feature=shared…

View the video episode here: https://youtu.be/mOs873KLA8U?feature=sharedTEK2day による

View the video version of this podcast episode here: https://youtu.be/Zd30vLlKyJ8?feature=sharedRead the related article here: https://open.substack.com/pub/tek2day/p/execute-your-buyback-when-the-stock?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

View the YouTube version of this podcast episode here: https://youtu.be/AbOfProg-AM?feature=sharedTEK2day による

View the YouTube version of this episode here: https://youtu.be/qaDYZSiKdFQ?feature=sharedTEK2day による

View the YouTube version of this episode here: https://youtu.be/REdvTVVVrr4?feature=sharedTEK2day による

The video version of this episode may be found here: https://youtu.be/S3dXXtRGabc?feature=sharedTEK2day による

Fed Chair Jerome Powell needs to channel Dr. No from the James Bond series. Powell needs to say “no” more often in order to help maintain the United States’ fiscal solvency (the U.S. of course is insolvent).Banks, CRE owners, PE firms, institutional and retail investors and of course the political class will all soon be clamoring for Powell to ease…

Ep. 473: FOMC Press Conference Reaction by TEK2dayTEK2day による

Here is the related TEK2day article: https://open.substack.com/pub/tek2day/p/the-jobs-picture-is-not-rosy?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Weekly Update: Bank Term Funding Program: https://tek2day.substack.com/p/weekly-update-bank-term-funding-program-1d3TEK2day による

Weekly Update: Bank Term Funding Program: https://open.substack.com/pub/tek2day/p/weekly-update-bank-term-funding-program-9a7?r=1rp1p&utm_campaign=post&utm_medium=webThe Fed’s Balance Sheet Reduction (QT) Update: https://open.substack.com/pub/tek2day/p/the-feds-balance-sheet-reduction-cd4?r=1rp1p&utm_campaign=post&utm_medium=web…

Related TEK2day article: "The NFL Is Making A Strategic Mistake:"https://open.substack.com/pub/tek2day/p/the-nfl-is-making-a-strategic-mistake?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Here is our related TEK2day article: https://open.substack.com/pub/tek2day/p/bofas-unrealized-losses-taper?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Here is the YouTube video I referenced: https://youtu.be/A2aoS00Wqog?feature=sharedHere is our related TEK2day article: https://open.substack.com/pub/tek2day/p/the-second-tier-media-companies-are?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Subscribe to our YouTube channel here: https://www.youtube.com/@TEK2dayWe cover recent TEK2day articles around CPI, the Bank Term Funding Program (BTFP) and stagflation. CPI: Prices Will Remain Stubbornly High Unless Unemployment Increases: https://open.substack.com/pub/tek2day/p/cpi-prices-will-remain-stubbornly?r=1rp1p&utm_campaign=post&utm_mediu…

Subscribe to the YouTube version of the podcast here: https://www.youtube.com/@TEK2dayThe article I reference is here: https://open.substack.com/pub/tek2day/p/jobs-data-if-the-government-says?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Most of today’s GenAI economics is at the infrastructure layer – whether it be money paid for AI chips, or money invested in the development of large language models (LLMs) or money paid for the right to license LLMs for inclusion in various applications. However, we are not at the point where users are demanding that various applications incorpora…

Some thoughts about 2024:Companies will provide conservative 2024 outlooks when they report Q4 results later this month and early next month.The Fed will likely renew its Bank Term Funding Program, further backstopping bank balance sheets against unrealized losses.The Fed will reinflate bond prices and asset prices in general as it cuts rates and e…

The Fed won’t allow the BTFP to expire on March 11th without first re-inflating the bond market.The banking industry had $684 billion of unrealized losses on the books at the end of Q3. Bank of America alone had $132 billion of unrealized losses on held-to-maturity securities, $107 billion of which were mortgage-backed securities at a yield of 2.12…

Economic conditions are deteriorating. Revenue growth will slow in 2024 and operating margins will be squeezed. 1H 2024 will see conditions deteriorate for most companies. The Fed potentially cutting its Fed Funds rate by 25 BPS in March will not mean squat to companies carrying meaningful amounts of debt, especially high yield issuers. High yield …

There are an infinite number of serious threats posed by Advanced AI. OpenAI founder Sam Altman, OpenAI’s Board of Directors and Microsoft CEO Satya Nadella owe it to the American people (all people for that matter), to fully disclose what it was that Sam Altman lied to his Board about concerning ChatGPT’s capabilities. Mr. Altman going before Cong…

One measure of inflation is to compare growth in the money supply to GDP growth. Money supply growth should not exceed economic growth. When money supply growth exceeds economic growth, that resulting “slack” is inflation. Written another way, inflation exists when the money supply grows faster than GDP. See our related TEK2day article here: https:…

Here is the related TEK2day article: https://open.substack.com/pub/tek2day/p/reflecting-on-the-immorality-of-inflation?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

A follow-up to today’s written article where we cover ODL and Bank liquidity. The article may be found here: https://open.substack.com/pub/tek2day/p/bank-liquidity-is-rising-but-at-what?r=1rp1p&utm_campaign=post&utm_medium=webTEK2day による

Fed Chair Powell and the FOMC run the risk of re-igniting inflation with last week’s dovish commentary. Market conditions have continued to ease since the FOMC meeting and press conference on December 13th. Powell’s Fed may be forced to further tighten monetary policy after loosening last week – a repeat of then Fed Chair Arthur Burns having pulled…

We cover recent TEK2day articles concerning the Fed. Read TEK2day on Substack: https://tek2day.substack.com/p/tek2day-podcast-ep-455-the-fed-unrealizedTEK2day による

Apologies for the several seconds of lost audio. The YouTube version of this episode does not have the audio issue and may be found here: https://youtu.be/FBhCY5nnkDY?feature=sharedThe Fed Is Setting Up A Stagflationary Decade: https://open.substack.com/pub/tek2day/p/the-fed-is-setting-up-a-stagflationary?r=1rp1p&utm_campaign=post&utm_medium=webOur…

Don’t believe the hype around the Fed being well on its way to conquering inflation and achieving a “soft” landing. The Fed did irreparable damage to the economy in 2020, 2021 and 2002 with its ultra-dovish COVID response.See related TEK2day article here: https://open.substack.com/pub/tek2day/p/the-feds-feeble-attempt-to-tame-inflation?r=1rp1p&utm_…