TEK2day

Operating at the Intersection of Technology and the Capital Markets

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    • The Dollar and The United States Are Caught in A Vicious Circle

      The Dollar and The United States Are Caught in A Vicious Circle

      In a normal world with adults at the helm a higher interest rate environment is good for the Dollar. A higher rate environment makes the Dollar an attractive store of value relative to other currencies, thereby driving up Dollar demand. This demand principle remains true today. However, today is different than years past. There is…

    • The Fed’s Balance Sheet Reduction (QT) Update

      The Fed’s Balance Sheet Reduction (QT) Update

      Click HERE to read our weekly QT Update.

    • TEK2day Premium Edition

      TEK2day Premium Edition

      TEK2day will soon move to a premium model. We are working through the mechanics. Pricing options will be $9.99 per month or $99.00 per year. Our content will remain similar – a combination of Technology-focused articles along with Capital Markets and Economic-related content. More to follow. -Jon

    • A Disney Sale: The FTC and Potential Acquirers.

      A Disney Sale: The FTC and Potential Acquirers.

      A key reason why I wrote yesterday that a Disney (DIS) sale would not be announced until the end of 2024 or in 2025 is that Disney has to be thinking about the Biden Administration’s FTC head Lina Khan blocking a potential deal, whether it be for pieces of Disney such as ABC, or for…

    • Disney’s New CFO Is an M&A Guy

      Disney’s New CFO Is an M&A Guy

      Disney (ticker: DIS) CEO Bob Iger will sell the company before he walks away. Iger will not appoint another successor after his 2020 appointment of Bob Chapek as CEO failed. Today, PepsiCo (ticker: PEP) CFO Hugh Johnston was named Disney CFO (read more HERE).

    • Powell’s Attempt To Talk Down Inflation Will Fail

      Powell’s Attempt To Talk Down Inflation Will Fail

      Powell may be forced to lower rates while inflation remains elevated. Price inflation as measured by CPI won’t get down to the Fed’s 2% target without unemployment rising if history tells us anything (See below chart: Unemployment Rate = Red, CPI = Green).

    • Don’t Get Too Comfortable With The Pullback In the 10-Year Treasury Yield. It Is Going Higher.

      Don’t Get Too Comfortable With The Pullback In the 10-Year Treasury Yield. It Is Going Higher.

      10-year Treasury yields dropped last week from 4.93% on Halloween to 4.58% today as Treasury slowed its pace of new issues and as jobs data was revised downward. However, at some point Treasury is going to rollover a bunch of short-term debt to finance Government operations (as well as longer maturity issues that are due…

    • Weekly Update: Bank Term Funding Program

      Weekly Update: Bank Term Funding Program

      This week’s BTFP activity was muted. FEDERAL RESERVE statistical release: https://www.federalreserve.gov/releases/h41/current/

    • The Fed’s Balance Sheet Reduction (QT) Update

      The Fed’s Balance Sheet Reduction (QT) Update

      The Fed is likely done hiking its Fed Funds rate. However, the Fed ramped up its QT effort, purging its Balance Sheet of $40 billion of Treasuries this week, the most since it reduced its Treasury holdings by $43 billion the week-ended August 16th 2023.

    • Apple: Now vs. Then

      Apple: Now vs. Then

      My, how things have changed with Apple’s valuation. We compared AAPL today versus 2015 from a Revenue growth and valuation standpoint.