When I worked on Wall Street back in the day, I had to leave my apartment in Chicago, take a cab to the Sears Tower at 5.15 in the morning to be there at 6 and for a while memorize Intel, Apple, Home Depot, stock symbols.

But then we had to be there for the morning macro

call. We had these little squawk boxes, these little four-inch by four-inch speakers, where

the experts on interest rates and the economy and earnings would broadcast to the Solomon

Brothers network around the world.

What happened overnight?

So there is something called global macro, which is every morning now and today, people read

summaries of the news that happened in currency markets or interest rate or stock market or the economic

data that happened in Europe or the United States or China.

This can be a full-time job for those people in the hunting and gathering by amassing digital claims on reality space in Wall Street and finance

around the world.

There's a lot of news.

We saw that the Federal Reserve is kind of having to pivot from a tightening cycle to an easing cycle because of the economy

slowing rapidly because of the duration risk in the banking system and the payroll employment

numbers coming in showing a weaker economy.

Inflation is still high, but is moderating versus where it was before.

Personally, I don't know how much control the Fed has on some of these things.

But today we saw stocks down and gold up $40. We saw recently that

OPEC cut a million barrels of production, which boosted oil $4 a barrel. This is

simultaneous with some other things going on that China has brokered somewhat of a piece between Saudi Arabia and Iran.

We see that the U.S. still has not replenished the Strategic Petroleum Reserve, which again,

is kind of like, let's save American consumers a little bit at the gas pump so that

...