Rising Star Day 1B: The Third Time Is Always Aces
On Tuesday, I played Day 1B of the $5200 Rising Star at my home casino Bay 101 in San Jose, CA that I satellited into last Thursday. I bagged 135,500 chips – good for a tie for 39th of the…
On Tuesday, I played Day 1B of the $5200 Rising Star at my home casino Bay 101 in San Jose, CA that I satellited into last Thursday. I bagged 135,500 chips – good for a tie for 39th of the…
Three months ago I wrote about the evolution of modern poker with a focus on tournament superstar Chance Kornuth (“From Harrington On Hold ‘Em To Chipleader Coaching: The Evolution Of Modern Poker”, December 23, 2023). The general point was that…
Interest rates matter. A lot. Depending on their level, interest rates can stimulate or restrict economic growth. The level of interest rates is also crucial in the valuation of financial assets. Currently there is a lot of disagreement about where…
The bulls are winning the fight. A correction is three to six months [away]. There’s so much fear of missing out – Adam Parker, Trivariate Research, quoted in Barron’s The Trader column 3/23 [SUBSCRIPTION REQUIRED] There’s really no way around…
Wednesday at 2pm EST the Fed released its policy statement explaining its March rate decision and forward outlook. At 2:30pm EST Chair Powell held a press conference. In the wake of the Fed’s maintaining its outlook for three interest rate…
Monday at 1pm PST, Nvidia (NVDA) CEO Jensen Huang will be giving a keynote speech at the SAP Center in San Jose, CA on the future of Artificial Intelligence (AI). Obviously Huang is going to hype AI. The real question…
I just filled up my gas tank and it was over $5/gallon. This is just another example of sticky inflation: Inflation may not be going up as fast as it was a couple years ago but prices are still quite…
Stocks rallied hard on Tuesday in the wake of the February CPI – but it didn’t make any sense. The CPI came in slightly hotter than expected and this sticky inflation has taken a May rate cut off the table….
As markets have digested the slightly hotter than expected February CPI on Tuesday morning, the idea of sticky inflation has started to take hold and the debate about the timing of the first rate cut pushed back to June. A…
The February CPI came in this morning marginally hotter than expected with both headline and core increasing by 0.4% month over month. As I wrote earlier this morning, bulls would have liked to see core at 0.3%. Which raises the…