Suggestions
Michael Creadon
Rialto Markets
Michael Creadon is a professional with a strong background in capital markets and investments. He has been a part of various organizations, including Rialto Markets LLC, where he served as the Head of Capital Markets. With a Master of Arts in Public Policy from Columbia University, a Bachelor of Arts in Economics from Indiana University Bloomington, and a High School Diploma from Fenwick High School, Michael brings a diverse educational background to his work.
Highlights
Don't let the gorgeous weather fool you: stuff is happening beneath the surface in global financial markets.
The big move last night was this clandestine, gargantuan size order that changed the betting logic on the next Fed move from probably only 25 basis points to even money roughly that the rate cut will be either now 50 basis points or only the quarter-point reduction most investors were expecting. This may sound like reading material meant to help you go down for your midday nap; in fact, it kinda matters in a big, as in very large, way.
Gold made new all-time highs, for instance. BTC and ETH popped more than 3% higher. Stocks? If you guessed "in the green", then you are really following along quite nicely with my random writing style.
Here's the punchline: money is getting cheaper. That's great for companies looking to borrow; it's wonderful news for homeowners; and traditionally this bodes nicely for risk assets, in general. Like stocks, crypto, collectibles, art; you name it.
Short-term rates like 3- and 6-months out are still shockingly high. Crazy inverted yield curve. With the Fed on its way and inflation ebbing and gas prices finally under $4 in my neighborhood - hip, hip, hooray! - I think the message being sent by the bond market is smoother, friendlier lending times may be ahead. If that's not a cheery way to start your Friday morning, than I don't know what else is.
I'll give you one guess as to whose team Devon Achane is on in my Fantasy Football league.
Pre-game pandemonium in Chicago as the Caleb Williams era begins in about 22 minutes as I type this.
I'm driving down the street this morning and I see a guy, a complete local stranger, in a Butkus jersey and I lean out the window and snarl: "Aaaaarghhhh!!" like I'm a one-eyed maritime shipping pirate and right on cue, this anonymous person answers back unflinchingly: "Da Bears!"
In this town, from people raised here, there is uniform consensus on only one thing: the Chicago Bears. The Cubs, White Sox, Bulls and Blackhawks all have their avid admirers; a time and a place. On Sunday, at Soldier Field, everyone from Cook County and the surrounding areas bleeds navy blue and burnt orange. My own son is a Milwaukee Brewers baseball fan (Christian Yelich #22) for heaven's sake. His comment yesterday: "Dad. We got Caleb Williams. THIS IS OUR YEAR".
The poor guy; I've brought him to one of the world's most insufferable clubs. Please note the nail polish on our rookie QBs' fingers.
In the world of fantasy, I'll give you my Top 5:
- Most Overrated (FOR FANTASY THIS YEAR)
- Ja'Marr Chase
- Patrick Mahomes
- Christian McCaffrey
- Jalen Hurts
- Travis Kelce
- Most Underrated
- Raheem Mostert
- Malik Nabers
- Joe Mixon
- Drake London
- Trevor Lawrence
Six minutes until kickoff. The bedlam is real. The pacing has begun. How are all you New York Jets fans feeling about your 45-year old QB coming off an Achilles injury?
Isn't the NFL the absolute best. Monopolies will do that to you. Here we go!
