Another Rapid Rundown

02/02/24 • 6 min

This was another one of those eventful weeks. The Market absorbed so many news items and priced them in on the fly, as it does. The Market is a discounting mechanism. It anticipates outcomes and instantly prices them in. As probabilities move, the Market adjusts. It has the wisdom of crowds. There was a lot of movement this week. Here's another rapid rundown of what went down.

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Who Motivates the Motivator?

The most widely anticipated recession never showed up in 2023. Not only that, the US Economy accelerated in the Summer and kept up a solid pace into year-end. The unemployment rate remains near 50-year lows. That has supported the American people's grand spending habits.

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Super Bowl Sunday Sin City Style

It's that time of year. Americans from coast-to-coast will be glued to televisions. Food and beverage consumption will skyrocket. It's Super Bowl Sunday.
Over the last 57 years, audiences and Dollars spent have increased in size for this special Sunday. This one, Super Bowl 58, is going to be a Super Bowl like no other. First of all, it's in Las Vegas. This is the NFL's maiden voyage for its championship game in Sin City. It has a marquee matchup with the Niners and the Chiefs. CBS and the NFL are ecstatic about this pairing. And of course, there's that Taylor Swift factor. You simply can't talk about this year's Super Bowl without mentioning Time's Person of the Year. For some people, she's bigger than the game itself. I'm not one of them. But I sure get it.