Peter Tuchman

They've been rebuffed by way stronger bullish markets after the fact. And they kept saying, I told you so, I told you so, but that never came to fruition. Right? And once again, Monday, Tuesday this week, they were saying it one more time, like, okay, I told you this is going to happen.

Yet it didn't happen because Wednesday's CPI number came in and it was right in line, 3.3, 3.3, just what the market expected. And the market rallied and once again closed at record highs, up 55 handles on Wednesday. Thursday, sort of anemic at best, probably a little bit of a sell-off because the PPI number was disappointing. But what did that mean? That was where bad news equals good news.

Yet it didn't happen because Wednesday's CPI number came in and it was right in line, 3.3, 3.3, just what the market expected. And the market rallied and once again closed at record highs, up 55 handles on Wednesday. Thursday, sort of anemic at best, probably a little bit of a sell-off because the PPI number was disappointing. But what did that mean? That was where bad news equals good news.

Yet it didn't happen because Wednesday's CPI number came in and it was right in line, 3.3, 3.3, just what the market expected. And the market rallied and once again closed at record highs, up 55 handles on Wednesday. Thursday, sort of anemic at best, probably a little bit of a sell-off because the PPI number was disappointing. But what did that mean? That was where bad news equals good news.

That negative data that came out is what's going to probably give that last bit of powder for the Fed to cut interest rates in next week's meeting. It's a beautiful thing. So that's probably what's probably going to catalyze the Santa Claus rally that will bring us in at the end of this year over the next two weeks into a record close for 2024. That's how I see it. And you know what?

That negative data that came out is what's going to probably give that last bit of powder for the Fed to cut interest rates in next week's meeting. It's a beautiful thing. So that's probably what's probably going to catalyze the Santa Claus rally that will bring us in at the end of this year over the next two weeks into a record close for 2024. That's how I see it. And you know what?

That negative data that came out is what's going to probably give that last bit of powder for the Fed to cut interest rates in next week's meeting. It's a beautiful thing. So that's probably what's probably going to catalyze the Santa Claus rally that will bring us in at the end of this year over the next two weeks into a record close for 2024. That's how I see it. And you know what?

Look, I can I may be wrong. I've been wrong before. There could be something that throws completely dislocates this whole story in a big way, but I don't see it happening that way. This week was extraordinary in so many ways. We did have the soon to be president of the United States come down to the floor of the exchange.

Look, I can I may be wrong. I've been wrong before. There could be something that throws completely dislocates this whole story in a big way, but I don't see it happening that way. This week was extraordinary in so many ways. We did have the soon to be president of the United States come down to the floor of the exchange.

Look, I can I may be wrong. I've been wrong before. There could be something that throws completely dislocates this whole story in a big way, but I don't see it happening that way. This week was extraordinary in so many ways. We did have the soon to be president of the United States come down to the floor of the exchange.

First president since Bush I that came down, and the most notable was Ronald Reagan, who came down on March 28th, 1985, which is the first day that the Einstein of Wall Street got a job on the floor of the exchange. That was the first day I got down here, and what a day it was. What an amazing time, an amazing life it's been for me. He came down to the floor, security was absolutely insane.

First president since Bush I that came down, and the most notable was Ronald Reagan, who came down on March 28th, 1985, which is the first day that the Einstein of Wall Street got a job on the floor of the exchange. That was the first day I got down here, and what a day it was. What an amazing time, an amazing life it's been for me. He came down to the floor, security was absolutely insane.

First president since Bush I that came down, and the most notable was Ronald Reagan, who came down on March 28th, 1985, which is the first day that the Einstein of Wall Street got a job on the floor of the exchange. That was the first day I got down here, and what a day it was. What an amazing time, an amazing life it's been for me. He came down to the floor, security was absolutely insane.

He gave a speech up in the boardroom. Apparently, the US has these reserves of petroleum. Most of our oil partners throughout the world are not our friends, right? Venezuela, Iraq, Iran, Saudi Arabia, and Russia. So we have these petroleum reserves in the hundreds of millions, perhaps hundreds of billions of barrels of oil that we need and gasoline that we need in case of a confrontation.

He gave a speech up in the boardroom. Apparently, the US has these reserves of petroleum. Most of our oil partners throughout the world are not our friends, right? Venezuela, Iraq, Iran, Saudi Arabia, and Russia. So we have these petroleum reserves in the hundreds of millions, perhaps hundreds of billions of barrels of oil that we need and gasoline that we need in case of a confrontation.

He gave a speech up in the boardroom. Apparently, the US has these reserves of petroleum. Most of our oil partners throughout the world are not our friends, right? Venezuela, Iraq, Iran, Saudi Arabia, and Russia. So we have these petroleum reserves in the hundreds of millions, perhaps hundreds of billions of barrels of oil that we need and gasoline that we need in case of a confrontation.

Well, now Mr. Trump announced down here on the floor of the exchange that we are going to create a reserve in Bitcoin in the same mindset. Right? Besides the fact that he announced that we are going to be the kingdom of crypto, now we are going to have a prudent reserve of Bitcoin in the U.S. basis of the U.S. economy. That's a cool idea. Right?

Well, now Mr. Trump announced down here on the floor of the exchange that we are going to create a reserve in Bitcoin in the same mindset. Right? Besides the fact that he announced that we are going to be the kingdom of crypto, now we are going to have a prudent reserve of Bitcoin in the U.S. basis of the U.S. economy. That's a cool idea. Right?

Well, now Mr. Trump announced down here on the floor of the exchange that we are going to create a reserve in Bitcoin in the same mindset. Right? Besides the fact that he announced that we are going to be the kingdom of crypto, now we are going to have a prudent reserve of Bitcoin in the U.S. basis of the U.S. economy. That's a cool idea. Right?

So if you're in that name, then that's probably going to give it a little bit of boost. I think it did. It probably helped take it up to 100,000 a coin where we live right now. He then did come down to the floor. He did ring the bell. You know, he talked about a number of different things. Tariffs in China, blah, blah, blah. The only... The people that showed up for him were extraordinary.