Episode Details

Andrew, Ben, and Tom discuss today's Fed meeting with a 35% chance of a rate hike and expectations of a hawkish hold from Warsh amid potential mutiny from Waller, Bostic, and Lisa Cook, the emerging "semi-stagflation" theme with memory prices destroying demand and slamming chip stocks including Vertiv down 14%, Skyworks and Qorvo down double digits, and KLA down 8%, Procter & Gamble's remarkable flatline quarter with 0% volume, 0% pricing, and 0% organic growth, the strong and resilient consumer theme from Visa and Garmin, disruption stories like CoStar losing search traffic to AI, Trump vowing to hit Iran hard after intercepted attacks sending oil up 5%, and Zuckerberg's WSJ op-ed calling for democratized AI access.


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