Laminate Money
By Laminate Money
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Laminate Money May 31, 2023
When AI becomes the only thing that matters
Nvidia climbed 26% post earnings, the tech sector is over 30% higher on the year, tech companies and building their own chips with US chipmakers, and AI is being talked about as a platform shift. It is clear the game is changing, but how?
On this week’s episode Tom, Jacob, and Dan talk about the change in AI, Microsoft’s Build conference, Nvidia’s stellar day, Apple’s lag and chip deal with Broadcom, Q1 earnings by the numbers, and how the rule of 72 needs to be understood by investors.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion
https://www.fjellcapital.com/posts/the-rule-of-72?utm_campaign=ep35&utm_medium=social&utm_source=fjellcorporate
What Went On
Earnings by the numbers (https://insight.factset.com/earnings-insight-infographic-q1-2023-by-the-numbers)
Nvidia spikes 26% after stellar earnings guidance (https://www.cnbc.com/2023/05/24/nvidia-nvda-earnings-report-q1-2024.html); can big tech continue this rally (https://www.capitalgroup.com/advisor/insights/articles/big-tech-turnaround-can-it-continue.html)
The AI platform shift (https://stratechery.com/2023/windows-and-the-ai-platform-shift/)
Apple strikes a multibillion dollar deal (https://www.wsj.com/articles/apple-strikes-multibillion-dollar-supply-deal-with-broadcom-58c0c7e7) with Broadcom, seems like semi deals are happening left and right
Share buybacks are booming (https://www.wsj.com/articles/share-buybacks-continue-at-torrid-pace-while-investors-sit-on-sidelines-4c1b4e59?st=ordjvqf4gqnuu1g&reflink=desktopwebshare_permalink) as investors have been trimmed stocks
Don’t underestimate the US consumer (https://www.tker.co/p/consumer-spending-resilient-finances-strong)
Quote of the Week
“We say ‘no’ to almost everything” - Eddy Cue of Apple on their success.
Influence – the precursor to success
Influence is a precursor to success. If you want to earn more money, save more money, start a business, or raise kind kids, you need influence. In this video, we share seven ways you can win more influence as you seek to build an above average balance sheet.
Tom, Jacob, and Noah on this episode also talk about Tom’s time in New York, Stan Druckenmiller’s quote about free money, the 16 levels of wealth according to Morgan Housel, the “civil war” in Silicon Valley, the three outcomes in housing, the genius of Bob Iger, and one of the wildest pieces of click bait I have seen.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Show Notes
Suggestion
https://www.fjellcapital.com/posts/how-to-increase-your-influence-and-achieve-success
What Went On
16 levels of wealth (https://collabfund.com/blog/the-spectrum-of-financial-dependence-and-independence/)
Civil war in Silicon Valley (https://www.tabletmag.com/sections/news/articles/silicon-valley-civil-war)
The 3 options for housing (https://awealthofcommonsense.com/2023/05/the-housing-market-lottery/)
Genius of Disney (https://www.wsj.com/articles/netflix-pitches-advertisers-as-ad-tier-trails-smaller-rivals-dd394ffb?mod=hp_lead_pos3)
The craziest headline I have seen in a while - “Home Prices Posted Largest Annual Drop in More Than 11 Years in April” (https://www.wsj.com/articles/home-prices-posted-largest-annual-drop-in-more-than-11-years-in-april-613f2d58)
Quote of the week
“If you give people free money, they will do stupid things.” - Stan Druckenmiller
QGARP in a world of crazed AI
There is no silver bullet when it comes to investing. What works well in one economic cycle may not work well in another. That's why it's important to be flexible and adaptable. In this video, we'll share some tips on how to find the investment opportunities in any economic cycle. On this week’s episode Tom, Dan, and Jacob talk about the quality growth at a reasonable price strategy, it’s application in our world with AI, the menu of investment options today, building easy thing versus building hard things, how generational buying opportunities come around not as often as you think, and why nothing ever gets cheaper. Subscribe to the Weekend Reads 👉 https://www.fjellcapital.com/weekend-reads?utm_campaign=ep33&utm_medium=social&utm_source=fjellcorporate Become a client of Fjell Capital 👉 https://www.fjellcapital.com/start-here?utm_campaign=ep33&utm_medium=social&utm_source=fjellcorporate Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics. Show Notes
Suggestion https://www.fjellcapital.com/posts/quality-growth-at-a-reasonable-price?utm_campaign=ep33&utm_medium=social&utm_source=fjellcorporate
What Went On - Google’s Sundar Pichai talks Search, AI, and dancing with Microsoft (https://www.theverge.com/2023/5/12/23720731/google-io-2023-exclusive-sundar-pichai-search-generative-experience-ai-microsoft-bing-chatgpt) - A menu of investment opportunities (https://www.rbadvisors.com/insights/a-menu-of-investment-opportunities/) - Easy to build, but hard to sustain (https://www.notboring.co/p/small-applications-growing-protocols) - There will be no generational buying opportunity every month (https://awealthofcommonsense.com/2023/05/stock-market-tops-bottoms-middles/) - Does anything get cheaper (https://spilledcoffee.substack.com/p/does-anything-get-cheaper)?
Quote of the Week “What gives you opportunities is other people doing dumb things ... In the 58 years we’ve been running Berkshire, I would say there’s been a great increase in the number people doing dumb things, and they do big, dumb things.” - Charlie Munger, 2023
Fixing financial mistakes
On this week’s episode Tom, Jacob, and Noah talk about how to fix financial mistakes, what impact interest rates have on stock market valuations, money and happiness, the debt ceiling and how it’s politicized, regional banking crises, ChatGPT’s first victim, large tax revenue losses in pandemic exodus states, and Apple found strength in India and the Middle East.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion
Fixing financial mistakes What Went On
How Interest Rates & Inflation Impact Stock Market Valuations
Money Can’t Buy Happiness…Or Can It?
Political debt ceiling chicken
JPMorgan acquires First Republic Bank, PacWest is looking for a buyer, and regionals feel the pain
ChatGPT and AI maybe just claimed it’s first victim
New York and Cali lost over $90 billion in income over the pandemic
Apple found strength in India
Quote of the Week
“It's always a sad day when you see a bank fail but we are all very pleased to get the major source of uncertainty that was remaining from the recent bank turmoil addressed… This is a case of a small handful of banks that were poorly managed and getting this addressed is very important.” CEO of JPMorgan Chase, Jamie Dimon, on the First Republic acquisition
Living on Margin, Free Money, Luxury, and California Real Estate
On this week’s show Tom, Jacob, and Noah talk about how much margin impacts your personal financial life, the problem with being house rich, free money’s demise, phenomenal earnings, European luxury, and the debt ceiling.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion What Do I Mean by Margin Anyway? (fjellcapital.com) What Went On
The problem with being house rich
The unbearable heaviness of being positioned
The Free Money Feels (And May Be) Gone
Fire Sale: $300 Million San Francisco Office Tower, Mostly Empty. Open to Offers. - WSJ
SPACs Delivered Easy Money, but Now Companies Are Running Out - WSJ
Earnings season is going phenomenal, just look at these companies that are able to pass higher prices (easily)
Cleary luxury has a place in the world, LVMH is Europe’s first $500 billion company
Quote of the Week
“Apple was not that hard to understand. I mean, how dumb was I.” Legendary investor Peter Lynch on missing Apple.
Automation, Strange Markets, and America’s Unwinding Labor Market
On this week’s episode Tom, Jacob, and Dan talk about automation, lifestyle creep, housing prices, today’s interesting market, Apple’s India play, the undoing of America’s labor shortage, and earnings (with a key point on profit margins).
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion Focus on Automation (fjellcapital.com) What Went On
How Much Lifestyle Creep is Okay?
Will We Ever See Affordable Housing Prices Again? What is an affordable house? Current housing market update.
Thoughts on today’s markets and what could lie ahead.
Hedge funds are ultra-bearish on US Treasuries (substack.com) - taking the contrarian view?
Apple unveiled its first store in India, Bloomberg reported earlier this week that Apple reported nearly $6 billion in sales in the year ending in March.
US prime-age labor force participation rate (the preferred metric) is back to 2019 levels
Margins are getting pressed, and it’s most prevalent in Tesla (29.1% in q4’22 and 19.3% in q1’23 on higher revenues), but its because of price reductions. Producer prices tell this story all to well. Those seller prices have been falling and that ultimately means companies are getting compressed on margin.
Quote of the Week “If you can convince people to pay $40 for $4 boxes of cereal, maybe, just maybe, you can convince strangers to live with each other,” - Paul Graham on Airbnb’s unlikely success
Following People, AI’s Market Abilities, and the Fed’s Unhinging
On this week’s episode Tom, Jacob, and Noah talk about success and how deep convictions lead to massive gains, AI’s nondominance in market performance, US bank outperformance, the Fed minutes, and de-dollarization.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion https://www.fjellcapital.com/posts/follow-no-one
What Went On
What is the ultimate level of wealth?
AI is meant to mimic humans, and that makes it have the same emotional biases we have. It won’t beat the market… inverse AI ETF here we come.
Rising rates? Good for some but not for others
The Fed is unhinged… talks about how there will be a recession in there rate decision meeting and doesn’t pause rates
Let’s talk about de-dollarization… it’s a joke who’s going to provide the world with assets if not the US government *for the time being
Quote of the Week “but it feels like that’s moving in the right direction.” - Chicago Fed President Goolsbee on inflation
A Tale of Tails
On this week’s episode Tom, Jacob, and Dan talk about how your biggest asset should be your best assets, the job numbers, what central banks around the world are doing, Jamie Dimon’s annual letter shareholders, the broad commodity rally, and a fresh perspective on how to choose people in your life.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Subscribe to the Weekend Reads: www.fjellcapital.com/weekend-reads
Suggestion
Your best assets should be your biggest assets (fjellcapital.com)
What Went On
Take a second to reflect on Jamie Dimon’s composure in his annual letter
Commodities started ripping higher gold and oil
It’s a funnel not a filter Quote of the Week “We [JPMorgan Chase & Co] are champions of banking’s essential role in a community - its potential for bringing people together, for enabling companies and individuals to attain their goals, and for being a source of strength in difficult times.” - Jamie Dimon, CEO of JPMorgan Chase & Co
Keep Profit Margins High
On this week’s show Tom, Jacob, and Noah mix it up by leaning into a new show structure. We talk about how high fixed costs can lead to the death of your financial life, why the stock market makes you feel bad, home prices across the US, Apple’s buy now pay later product launch, the dying metaverse, and what to pack when the weather turns bad.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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Suggestion Treat your financial life like a tech company
What Went On
Why the Stock Market Makes You Feel Bad All the Time - A Wealth of Common Sense
The housing market is rising in the east and setting in the west, just like the sun
Donald Trump gets indicted on 30 some accounts of document fraud
There will be losers, the first to feel the tension are using the first to fall Quote of the Week
Thank you, Thank you very much
On this week’s episode Tom, Jacob, Dan discuss what credit default swaps are and why they are so heavily watched (especially today), the tech market’s insane 2023 rally, the Fed’s decision, the bond market’s volatility, and Hindenburg Research’s latest attack on Block.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
The Good Was the Techcession in 2022 good for the Tech market in 2023, or is it fake? The Bad What are CDS and why are they heavily watched in the banking sector.
The Comical Movies and TV depictions of destinations is a key factor in travel plans
The Headscratcher Small banks hold nearly 70% of commercial real estate loans (axios.com) A shock to lending standards - The Reformed Broker
What went on The Fed raised rates Bond market swings are the most volatile since '08 — just look at the ICE BofA MOVE Index (axios.com) Google Launches Bard AI Chatbot to Counter ChatGPT - WSJ Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion – Hindenburg Research
Win of the week Old economy companies
Time Machine Remote work is starting to hit office rents (axios.com)
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Is Your Money Safe?
On this week’s episode Tom, Jacob, and Noah talk about updates in the financial sector, the mass inflows to CDs and money market funds, the safety of your money, AI, and more layoffs.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
• An interesting question to ponder
o Does more money make you better at managing your money.
• The Good
o While the stock market may be down, our current situation caused a historic bond rally
• The Bad
o Credit Suisse went down and was acquired by UBS for $2 billion $0.28/share; the Saudi’s lose $1 billion on CS
o Is your money actually safe, record CD and money market inflows
• The Comical
o Beloved and debated, French bulldog becomes top US dog breed
• The Head Scratcher
o The yield curve moves towards uninversion on the news of a banking crisis…
• What Went On
o Josh Brown called the top of interest rates, and I’m inclined to believe him
o Three million US households making over $150k are still renters
o Tiger global wrote down its venture portfolio by 33%
o SVB filed for Chapter 11, Moody’s downgraded the US banking system to negative
• Win of the Week
o AI is coming to your office suite, and with ChatGPT - 4
• Time Machine
o Meta lays off another 10,000 employees, which put them below prepandemic hiring trends
• Quote of the Week
o “In both cases success became less about a series of victories and more about going big or going home.”- Ben Thompson
When the Banks Fail
Description: On this weeks episode Tom, Jacob, and Carissa talk about the recent rout of banks that experienced major drawdowns and mini crises, the Powell Congressional testimony, as well as the Friday payrolls report.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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We finally broke something - by Genevieve Roch-Decter, CFA (substack.com)
The Bad Silicon Valley Bank, Silvergate Capital, First Republic, Charles Schwab, big and small banks alike
The Comical The market cared zilch about the payrolls report on Friday (unlike anticipated, hell week for different reasons)
The Head Scratcher What will the Fed do now?
What Went On - Jacob
Jerome Powell testified to Congress on Tuesday and Wednesday
Used vehicle prices rising at an unseasonably strong rate (cnbc.com)
Nvidia grew from gaming to A.I. giant and now powering ChatGPT (cnbc.com)
Home prices experience their 3 worst drawdown (and experiencing year over year declines for the first time since 2012)
Win of the Week
Short form streaming, Spotify is making its feed look more like tiktok, joining the gang of TikTokesq feeds
Time Machine
New Drugs Are Coming to Market at Sky-High Prices - WSJ
Quote of the Week
"There are recent developments that concern a few banks that I'm monitoring very carefully and when banks experience financial losses, it is and should be a matter of concern," Ms. Yellen
Healthcare is Changing in 2023
On this week's episode, Jacob, Tom, and Carissa talk about Eli Lilly's announcement of a 70% reduction in insulin costs, which is a huge deal as about 1 in 10 Americans have diabetes. We also discuss Americans piling on debt, the moon's new time zone, the Chinese lab leak, Arm listing on the NY Stock Exchange, and once-in-a-generation snowfall in California.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Eli Lilly's Insulin Price Cap Squeezes Other Drug Makers | Barron's (barrons.com)
The Bad
Americans in Their 30s Are Piling On Debt - WSJ
The Comical
Should the moon have its own time zone? (nbcnews.com)
The Head Scratcher
A Lab Leak in China Most Likely Origin of Covid Pandemic, Energy Department Says - WSJ
What Went On
U.K. Chip Designer Arm Plans New York Share Listing, in Blow to London’s Stock Market - WSJ
Home foreclosures are ticking back up (axios.com)
Key Fed inflation measure rose 0.6% in January, more than expected (cnbc.com)
Berkshire Hathaway 2022 annual report - The Reformed Broker
Win of the Week
Activist investors are a good thing for shareholders (not so much for the founders)
Time Machine
Unusually heavy snowfall on US west coast is ‘once-in-a-generation’ event | Extreme weather | The Guardian
Quote of the Week
“Best career advice I've heard on how to make money: Lie to people who want to be lied to, and you’ll get rich. Tell the truth to those who want the truth, and you’ll make a living. Tell the truth to those who want to be lied to, and you’ll go broke. Choose wisely.” - Nick Maggiulli
A Cold Front in Markets
On this week’s episode we welcome Carissa Geske back to sub 0 temperatures from her long vacation to Thailand. On today’s show we talk about how the weather may affect jobs, how the seasonality of jobs may have changed, reviewing the anniversary of the war in Ukraine, big tech’s latest lawsuit, and a ton of other super interesting topics that happened in the markets last week. Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
The Good The strong job report could’ve been caused by warm weather and seasonal factorsThe Bad 1 year after the war started in the Ukraine (more sanctions on Russia)
The Comical Would you drink olive oil infused Starbucks Coffee?
The Head Scratcher Google is getting sued because YouTube was recommending ISIS recruitment videos that got a woman killed
What Went On
Office landlords are defaulting
Meta is Launching Paid Verification
Twitter has 14 million in unpaid bills
There are cracks forming in the auto loan market
Win of the Week Nvidia delivered on its expectations of being economically immune
Time Machine 2021’s Booming IPO market is 2023’s Booming Going Private Market
Quote of the Week “Progress is great. There’s this pervasive fear that productivity gains will take everyone’s jobs, but as we wrote about in our piece on Formic, what actually happens is that people find new, more interesting jobs. A much lower percentage of us work on farms to feed our families than we used to; now some people get to do silly things like write newsletters for work.” - Packy McCormick
Key Takeaways
Dan - People are awesome. Invest in them.
Jacob - Market psychology sometimes matters more than the actual numbers
Carissa - We live in a big, small world
Best Part of Last Week
Dan - First gig in 7 weeks
Jacob - It happened new “truck”
Carissa - Being back in Thailand after 7 years of being gone was a dream.
The Economy That Won't Stop Spending
On this week’s episode Jacob, Dan, and Noah discuss this week’s key economic data points including retail sales, employment, and inflation. They also discuss US debt, the housing market, the Ohio chemical spill, and more on Q4 earnings.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes:
The Good: Consumers are spending us into a no landing scenarioThe Bad: Household debt jumped at the fasted quarterly pace in 20 years - jumped to $16.9 trillion
The Comical: At least one car per day crashes into a 7 Eleven out of 100 daily storefront crashes
The Head Scratcher: Where are the workers in NYC
What Went On
Inflation - 0.5% on the month 6.4% on the year
The US is on track to add 19 trillion in new debt over 10 years
Single family housing starts nosedive and building permits tumble
Ohio chemical spill
Time MachineCompany earnings transcripts
Quote of the Week“We live in a time that the Golden Age sci-fi storytellers from the 1930s to the 1960s could have only dreamed about, and yet, if you polled the average person on the street, most would tell you that things aren’t looking good. There’s the stat – according to a 2021 Pew Survey, 68% of Americans believe their children will not be better off than they are.” - Packy McCormick
AI Will Change Your Life
What the Fed Does to Your Money
On this week's episode Carissa, Jacob and Noah Gjesdahl talk about what the Fed did at the February meeting, the rollover of the nice to have parts of our economy, where Jim Cramer stands on Meta, US debt, and JP Morgan's big bet on timberland.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
Does the Tech Rally Pop?
On this week's show special guest, Dan Schuster, Wealth Advisor at Fjell Capital, joins Carissa and Jacob. On this week's show, we talk about the tech rally, the 60/40 portfolio, earnings, money supply, and the most recent Hindenburg report on fraud at Adani Group.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
What is a Mild Recession
On this week's episode Tom, Carissa, and Jacob discuss what a mild recession is, year-to-date market performance, the extraordinary measures the Treasury has to take, and the signs that we are really in a recession today.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Tom and Jacob are Registered Representatives of Sanctuary Securities and Investment Advisor Representatives of Sanctuary Advisors. Fjell Capital is a DBA of Sanctuary Securities and Sanctuary Advisors.
Show Notes
I Think the Inflation Fight is Over
Tom, Jacob, and Carissa discuss the 6.5% read on the consumer price index, the big bank's earnings results, and the future of the economy.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
The Good: Inflation YoY was 6.5% but declined month over month
Quote of the week: "Don't save what is left after spending. Spend what is left after saving.” - Warren Buffett
Book a call with an advisor. Follow along on Linkedin.
The Rise of ChatGPT
Show Detail Note
On this week's show Tom, Carissa, and Jacob talk about the recent payroll report and what it means for inflation, the new search engine that is disrupting Google, and how housing could get more affordable in 2023.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
2023 Could be a Good Year
On this week's episode Tom, Jacob, and Carissa talk about 2023 and what could happen in the economy, markets, and people's lives.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
Fjell Capital is a leading wealth management firm designed to deliver results for people who desire to take their game to the next level. If that is you, please reach out here. Everyday, we are helping families around the country solve their current needs while setting themselves up for a brighter future.
The Best of the Worst - 2022 Wrap
Investors are excited to move on from 2022 because it's been a bad year. Nobody knows what's going to happen in 2023, but we hope for a better one. On this week's episode Tom, Jacob and Carissa talk about 2022's awards - The Biggest Win, Loss, Good, Bad, Failure and Quote of the year.
Show Notes
• The Good of the Year: Speculation is almost out of the market.
• The Bad of the Year: 2022 was weird -- Commodities, crypto, the fed, VC, Housing and humans. • The Comical of the Year: Wall Street is usually always wrong (but they get paid for it) but I have no idea what’s going to happen in 2023 and neither does anyone else. • Head Scratcher of the week of the Year: Why Russia ever invaded Ukraine in the first place, and how Ukraine has held up
• Biggest headlines of the year?
• The Fed Started Hiking Rates Early
• The Russia-Ukraine War kept prices higher
• Tech and media entered a recession
• Bad Business Deals Turn into worse deals
• The Crypto bubble popped
• Best and worst performing stocks of 2022
• Quote of the Year: "I don't need a ride, I need ammunition" - Volodymyr Zelenskyy, President of Ukraine
Tom Stadum and Jacob Radke are Registered Representatives of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member FINRA, SIPC. Advisory services offered through Sanctuary Advisors, LLC., a SEC Registered Investment Advisor. Fjell Capital is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.
Recession Indicators
On this weeks episode Tom, Carissa, and Jacob discuss the rolling over of inflation, why the Fed isn't reacting the way the market wants, the criminal charges on SBF, the SEC's attack on retail brokers and finfluencers, and more.
Email us at laminatemoneypodcast@fjellcapital.com for questions and suggestions for future topics
Show Notes
Fjell Capital is a leading wealth management firm designed to deliver results for people who desire to take their finances to the next level. If that is you, please reach out here. Everyday, we are helping families around the country solve their current needs while setting themselves up for a brighter future.
In Opportunity's Shadow
On this week's episode Tom, Jacob, and Carissa talk about Robinhood's 1% match, PepsiCo's laid off employees, Elon's genius on regaining ad revenue, Microsoft's bone with the FTC, and Campbell’s stellar quarter.
Feel free to shoot us an email at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
Fjell Capital is a leading wealth management firm designed to deliver results for people who desire to take their game to the next level. If that is you, please reach out here. Everyday, we are helping families around the country solve their current needs while setting themselves up for a brighter future.
Leave a ReviewReviews are a huge part of the world we live in and they help new people discover this podcast. If you found value in this, please leave us a review on iTunes or Spotify.
The Santa Claus Rally
On this week's episode Tom, Jacob, and Carissa talk about Kroger's call on food inflation, Blackstone's 7% down day, the what and why of the Santa Claus rally, and the key indicators of a recession from oil and gas prices to lumber and the Fed.
Feel free to shoot us an email at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
Show Notes
The Good: Kroger's call on food inflation.
The Bad: Blackstone Real Estate Income Trust Inc., exceeded its monthly limit of 2% of its net-asset value.
The Comical: The stock market could have a jolly December.
Head Scratcher of the week: Audience claps for Sam Bankman-fried.
What is going on?
The strong November job reports keep the Fed on track to raise interest rates by a half percentage point. Jobs are still strong Employers added 263,000 jobs in November and the unemployment rate held steady at 3.7%. Markets didn't like that. Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead...Powell said he expects the Fed can start slowing down as soon as the December meeting, and that is pretty much all the market heard. Tesla delivered its first electric semi to PepsiCo. “We completed our first cargo run with a very enormous amount of Frito-Lays,” Mr. Musk said. Oil and gas prices are below pre war levels, a signal that a recession is looming and also raises the chances that OPEC+ cuts production Biggest Win: Fixed income - 10 year is down to 3.4% - This is a huge boom and something we knew would be coming. Time Machine: Lumber prices are the worst performing commodity this year. down a stagering 65.5% this year.To experience financial excellence, book a call with an advisor here.
Follow along with our team on LinkedIn.
Meme Stocks and Massive Holiday Deals
On this week's episode we discuss how hedge funds are still betting against Game Stop (GME), how Credit Suisse is going to lose $1.6 billion, and some good and bad news on the state of economies.
Feel free to shoot us an email at LaminateMoneyPodcast@fjellcapital.com with your feedback, questions, or topics you want covered on the show.
Show Notes
The Good: We are looking at some steep holiday discounts
The Bad: Credit Suisse looking at a $1.6 billion loss
The Comical: Investor Carl Icahn is still betting against Game Stop (GME)
Head Scratcher of the week: The Woolly Mammoth is making a come back
What is going on?
OECD gave a firm warning to Europe 30% less homes are being bought by investors A rail strike may be on our horizon Bob Iger is back as Disney CEO Biggest Win: John Deere is killing it Time Machine: Record high food prices, turkey is expensive so people are going out I guessTo experience financial excellence, book a call with an advisor here.
Follow along with our team on LinkedIn.
Taylor Swift Broke the Business World Again
On this week's episode we discuss the clashes consumers are having with debt and spending as balances rise and sentiment drops, the most poorly managed company in the world, how Taylor Swift broke ticketing, what a split congress means for the debt ceiling, and a wild expectation on GDP growth.
Feel free to shoot us an email at LaminateMoneyPodcast@fjellcapital.com with any feedback, questions, or topics you want covered.
Was that the Bottom?
From the midterm elections to inflation to new crypto bankruptcies, the markets had a lot to process over the week. In this week episode we talk about what all this news means for the markets and ultimately your financial life.
Feel free to shoot us an email at LaminateMoneyPodcast@fjellcapital.com with any feedback, questions, or topics you want covered.
Show Notes
The Good: Markets popped and the Dow is close to all-time highs
The Bad: Binance walks away from the FTX deal
The Comical: Record market cap swings
Head Scratcher of the week: Meta's rally on 11,000 people getting fired
What is going on?
The inflation rally Midterm results are in - what does that mean for markets Crypto meltdowns could lead to margin calls - JPMorgan Says Futures point to more gains Biggest Win: People's 401(k) are getting some relief Time Machine: Sam Bankman-Fried was a multi-billionaire then suddenly a millionaire Quote of the week: The housing market is smashed Book a call with an advisor. Follow along on Linkedin.What Would You Do with $1.6 Billion?
On this week's episode we discuss what the Federal Reserve did last week and what that means for you, Starbuck's record pumpkin spice latte sales, the $1.25 million Creel House, and what we would do with $1.6 billion.
To join the conversation, please send in your feedback and questions to:
laminatemoneypodcast@fjellcapital.com
Forward Looking Machines
In this week's episode we talk about the Dow, Apple, Meta and the trouble big tech is facing, the deceiving GDP print, and how to run your financial life in a world of uncertainty. Markets move extremely fast, so fast it can seem like the market is pricing in current events, but it is really pricing in future outcomes.
If you liked this episode, please like, comment, and subscribe!
If you have any questions or feedback please email:
laminatemoneypodcast@fjellcapital.com
We'd love to hear from you!
Shorter Lines and Pricing Power
In this episode we talk about where people are cutting back on their spending, how the demand for rent is sinking, and why 2/3 working adults are far worse off financially then they were a year ago.
Please send in your questions/feedback at:
laminatemoneypodcast@fjellcapital.com
We'd love to hear from you!
Articles referenced:
The Bump Before the Slump by Dr. David Kelly
https://www.linkedin.com/pulse/lifting-fog-uncertainty-growth-inflation-politics-rates-david-kelly/?trackingId=4dZkbqqJsbVeWMcpmNLl9w%3D%3D
Why Isn't Inflation Slowing?
https://awealthofcommonsense.com/2022/10/why-isnt-inflation-falling/
Apple's Pricing Power
https://www.cnbc.com/2022/10/24/apple-raises-prices-on-apple-tv-and-apple-music.html
Apex Space
https://www.cnbc.com/2022/10/24/andreessen-horowitz-backed-apex-space-aims-to-mass-produce-spacecraft.html
Personal Finance in the UShttps://www.cnbc.com/2022/10/24/more-americans-live-paycheck-to-paycheck-as-inflation-outpaces-income.html#:~:text=With%20persistent%20inflation%20eroding%20wage,according%20to%20a%20recent%20report
"Wait, What Just Happened?!"
In this episode we dive into the recent inflation report and it’s effects on markets, the rubber bands the Fed has on the economic watermelon, and how millionaires invest and think about investing.
Ray Dalio's Video 'How The Economic Machine Works': https://youtu.be/PHe0bXAIuk0
Email laminatemoneypodcast@fjellcapital.com with your questions and feedback, we'd love to hear from you.
A Tale of Two Consumers
In this episode we touch on market pricing, OPEC, the economy, and jobs as it relates to what it means to be a consumer, the importance of a consumer in the broad scope of the economy, and what it means for you personally.
Send in your questions or feedback to laminatemoneypodcast@fjellcapital.com
Carissa's book - The Simplest Way to Change the World by Dustin Willis
Bearish Behaviors
In this week's episode we discuss how fast markets move -- how investor behavior drove the London Gilt, the recession may not be as deep as anticipated, recency bias clouds investing and emotions, the current state of inflation, and the condition of liquidity in the US.
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For feedback, questions, or comments email laminatemoneypodcast@fjellcapital.com and be sure to follow us on LinkedIn at 'Fjell Capital'.
Introduction to The Laminate Money Podcast
Your financial life, your neighbors financial life, the companies you invest in, our economy as a whole, is built layer by layer. Come learn how each week what the team at Fjell Capital is thinking as new layers unfold and how you can design and build your dream financial life.