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Single best idea to start a week after that, Huge Jobs, Michael McKee making very clear the revisions. Yeah, they're out there, but they're modeled in, and he really wonders if the revisions will move the market. It's assumed the job's numbers will come down lower looking back a year, back, two years, but McKee did not and Mike McKee did not play that up as a big idea given all the other distractions.
What a joy to have David Gerr with me today to talk about the festivities in Washington towards the inauguration one week away, and just a really really interesting show with Dollar Ascendant. I think that was an important theme as well. Mark Sandy joined and I thought Mark Sandy was really really quite something. He's out on Twitter with a really intelligent feed. Whether you agree or disagree with doctor Sandy, and he may clear he's looking at higher yields as affecting equities. Let's listen.
You know, I think as long term interest rates push up, that puts pressure on multiples, particularly for previously high flying or currently high flying stocks, technology stocks that are valued based on earning's way out into the future. So is long term rates rise that puts pressure on multiples and puts pressure on the equity market. So yeah, I think they're very closely linked.
Tom Mark Sandy, I really can't say enough about sorting out on Twitter. The value adds Sometimes you don't agree with him or the disagree, but the value add of informing. Jason Furman up at Harvard I think has just been extraordinary with providing single tweets and threads that provide perspective, and of course I put doctor Sandy in there as well, always adding to this debate of economics, finance, investment, and
international relations. I've been remiss. I've got to get this out at Bloomberg opinion piece on fire Admiral Stravetus the course of NATO. Admiral Stravitus on Greenland. It's a wonderful piece, really informative. He served time there when he was with NATO. He was working for the US Navy in Greenland as well. On single best idea today, well, we had to bitcoin one hundred thousand whatever. I've got a buy order in. It's a stop limit by order one hundred and ten thousand.
I'm waiting. I'm waiting, I'm waiting, haven't got there yet, and we've pulled back, and when Eric Belchunis is with us on ETFs, of course owns a high ground worldwide on ETF analysis, the tension out there of bitcoin a little bit lower. What's it mean for those Bitcoin ETFs? I got one final question, then, is bitcoin the crazy stuff?
I maybe, yeah, it's hot sauce. I would say a double leverage micro strategy is more crazy because micro strategy is double x bitcoin, and two x micro strategy makes that four x bitcoin. So mst X and MSTU to me are the maybe xivs to watch for the next sell off bitcoin itself. We've seen it. It can go
down eighty percent. It comes back though, So that said, I think there's more ETF holders, stronger hands, more advisors that won't sell, so I don't know if it has that big of a sell off this time around.
Eric Belchiunas on ETFs and of course on bitcoin as well. It is an eventful January already. Last week was exhausting in the sense of just mass newsflow. Craig Valier at AGF really emphasizes that through the weekend. This Monday was a huge news flow as well. Let me tell you what we're doing for twenty twenty five. We are figuring out how to emphasize what I call a bolt on podcast.
Everybody's got podcasts now, Vet Bill's got a podcast out with Kenneal Fee as well, and they're all twenty minutes long. Like David Gurr is wonderful. The big take, Okay, you don't need another twenty minute podcast sometime, Keen, So single best idea is a four to five six minute quick two thoughts just to keep the brain going. And we can do that with all the wonderful guests that we have out there on a commute across the nation, including the reports of Rob Carolyn on the LA fires and
on YouTube podcasts. This is single best idea