Does the #tech sector have more room to run?

'This year, yes possibly, but over the next 10 years...the sky is the limit,' says John M. Spallanzani

Here's why John M. Spallanzani says the bull thesis for the market is still intact

Here's why @johnspall247 says he's still 'steadfastly bullish' on the market:

🗣️KNICKS IN SIX

WHAT A GAME ‼️

However, the Fed is keenly aware of the stresses to the #economy brought on by these higher #rates and over time we also think the data will provide room for cuts.

Overall, the Chair struck a considerably more dovish tone than many had feared, saying that while the #Fed can “maintain the current level of restriction for as long as needed…” he pushed back on the questions that referenced the possibility of further rate hikes.

My latest Investment Outlook. Yep, I said it, Total Return is dead. Don’t let them sell you a bond fund. You’re only clipping coupons, don’t expect capital appreciation.
williamhgross.com/they-just-wann…

The last 13 weeks of initial unemployment claims. It finally moved off 212k, but barely.

Again, we are a $30 trillion economy with over 160 million workers. Unemployment insurance is a state program, meaning there are 50 states with 50 rules, 50 different ways to sign up, and 50…

Proud of our mayor Mayor Eric Adams

First look at Amazon in 1994

I finally got to meet Oprah! She arranged a discussion with me, Dr. Becky Kennedy, and families struggling through tech conflicts. Some moving stories. Oprah is radiant. Thanks Oprah Daily

Episode link here:
oprahdaily.com/life/health/a6…

Rabbi Dr. Ari Berman is the most important person in academia that you may not yet know. Pay attention as we watch him and Yeshiva University step onto the center stage.

Ian Shepherdson POLITICO The first few rounds go to #Unclelarry . I expect mean reversion to his history of economic forecasting.

Takeaways from the Powell presser:

-There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes

-He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected

* EXXON SET TO WIN FTC APPROVAL FOR PIONEER DEAL WITH SETTLEMENT

John M. Spallanzani $XOM $PXD

Powell: 'I think it’s unlikely that the next policy rate move will be a hike.'

* DE COS: INCREASINGLY CONVINCED ON RIGHT TRACK TO REACH 2% SOON

Bloomberg ⁦John M. Spallanzani⁩ #ECB

The US Treasury’s Bond Blunder Will Cost Gen Z Dearly by Todd G. Buchholz, et al Project Syndicate prosyn.org/9MrjTLV

Pipeline MLPs have peaked for now.

Best of the bunch is still WES. Yields 10.25 tax deferred.

I’m holding WES. Selling EPD and NS.