- Fucked Finance
- Posts
- THE SHIT TO KNOW THURSDAY
The Shit to Know Thursdays
Alright man look,
Crack a beer, sit back, turn off the TV, tell the miss to puff ya off, and dial in.
It’s the moment you’ve been waiting for.
The shit to know of the week!
Market Indices & Commodities
| Gold | $2,591.90 | +0.26% |
| Copper | $4.40 | +0.45% |
| Silver | $30.91 | +2.45% |
| NASDAQ | $18,013.98 | +2.51% |
| S&P 500 | $5,713.64 | +1.70% |
| TSX | $23,866.27 | +0.80% |
| CSE | $159.62 | +1.05% |
Economy
50 BPS Rate Cut
As expected Jpow slashed rates by 50 Bps yesterday, this would be the first time rates have been slashed since 2020.
Fun facts:
JP Morgan says over the last 40 years, the Fed has cut rates 12 times with the S&P 500 within 1% of an all-time high. The stock market was higher a year later every single time, with an average return of 15%.
Also, Bank of America says it now expects the Fed to cut rates by another 75 bps before this year ends.
Stocks are flying, and shit is green, we hope you are banking.
Commodities
Gold $2600
Surprise, Gold hit another ATH yet again, this time blasting through $2600. We called this shit and I am going to call $2700 by EOY.
Why is gold ripping? Rate cuts, Central banks are buying it hand over fist, and the small but possible chance Kamala comes in and cooks us all, so Gold isn't looking bad.
VHLA’s Top Gold Stocks
Cool chart here that clearly outlines West Mining Corp as an undervalued standout on an Oz of Gold to Mkt cap basis among its peers.
That’s why we own stock..
Conflict
Israel Pulled a Crazy Stunt
On Tuesday, Hezbollah got their nuts taken off after Israel simultaneously detonated thousands of their pagers. Injuring over 3000 and killing 12 (as per reports idk I wasn't there)
Pretty wild stunt, I am not sure how they did it. But that is some high-level fuckery.
WW3
It’s Getting IsREAL
Israel's military has just announced that IDF chief Lt. Gen. Herzi Halevi has "approved operational plans as part of the continuation of the war" in Israel's north against Lebanon's Hezbollah.
Exchanges of fire grew overnight and as of Thursday afternoon, heavier airstrikes on southern Lebanon have been reported, as well as more than 40 rockets fired from Lebanon into Israel.
Local Hebrew media says several Israelis have been wounded after a missile fired by Hezbollah hit a vehicle in northern Israel.
My attorney has told me not to comment on this conflict.
News
Brazil hates Elon
In August, after a months-long dispute between Musk and Brazilian Justice Alexandre de Moraes, the Supreme Court ordered Brazil's mobile and internet service providers to block the platform, cutting users off within hours.
"There is no doubt that X, under Elon Musk's direct command, again intends to disrespect Brazil's Judiciary," Moraes wrote in his latest order, saying the platform had a "strategy" to circumvent the ban.
Brazil's Supreme Court ordered Elon Musk-owned X not to circumvent a previous ruling suspending the social media platform in the country, at risk of a daily fine of 5 million reais ($921,726.95), according to a decision issued late on Wednesday.
Not sure what kinda stunt Elon pulled, but X became accessible to many users in Brazil on Wednesday after an update to its communications network bypassed the court-ordered block.
A 5-million-real fine has already been imposed because of that action, according to the decision.
That’s about Elon’s hourly wage, I’m sure he doesn’t give a flying fck.
But, boohoo Brazil, no freedom of speech and no X porn? No fun.
Thank You
That’s all Folks
Just one more fucking day, I can smell it…
