templates are just complicated garbage code generators that take ages to compile, aka "generics", i have written dozens of code generators for teh same kinds of purposes and i could count the number of times it's been important on two hands in the last 8 years
interfaces achieve the same result but force you to actually think about it so the compiler doesn't have to spend many seconds trying to figure out what you mean when you refer to a method on a type that isn't explicitly tied to it
i have lost count of how many times i've used interfaces for this kind of polymorphism but it's also quite overrated, it's more useful for plugging modules together without needing to know the internals, ie, it helps with encapsulation
go has simple types of generics but only on value types, and they are actually handy a lot (especially between types of integers and between strings and byte buffers) nostr.fmt.wiz.biz
@elsat clicking on the pfp doesn’t always bring to the profile anymore. Not sure if you’re aware of this one yet.
Damus 1.10(9) testflight
Steps to reproduce: click on pfp of an npub in a thread nostr.fmt.wiz.biz
Delayed Gratification: Post-Powell Plunge Prompts Face-Ripping Rick-On Rally
Delayed Gratification: Post-Powell Plunge Prompts Face-Ripping Rick-On Rally
Yesterday's pump-and-dumps across most major asset-classes was met with a wall of BTFDing in Asia, Europe, and then the US which lifted stocks, gold, oil, and crypto prices (and bonds yields) in a delayed gratification day.
In fact, this is first time that yields rise after a 50bps cut since Lehman (Oct 2008).
https://cms.zerohedge.com/s3/files/inline-images/Untitled%20%283%29_2.jpg?itok=1gLPY7Yi
It was 'Risk On' in equity-land, post the 50bps cut and the start of the easing cycle with Tech leading to the upside. Broad-based rally with >375 names up on the day in the S&P.
Nasdaq and Small Caps led the surge in stocks (the chart below is from 1400ET yesterday - to include the pump and dump around The Fed and Powell). The Dow is the laggard for now (up only 1%)...
https://cms.zerohedge.com/s3/files/inline-images/2024-09-19_13-00-11.gif?itok=_FHpIdX1
Goldman's trading desk pointed out that volumes +20% today vs the 20dma and ETFs capturing close to 33% of the tape (but they highlight that top of book liquidity stands out as extremely poor, tracking -60% vs the 20dma).
We are active across rate-sensitive pockets of the mkt, specifically Fins (REITS + large cap) and Utes.
LOs are much better buys (1b net demand) led by Tech, Fins, Macro products, and Hcare.
HFs are net for sale, with supply concentrated in pockets of Discretionary, Fins, and Comms Svcs.
The basket of Mag7 Stocks surged back up to record highs today...
https://cms.zerohedge.com/s3/files/inline-images/bfm94D.gif?itok=mEbZ_UmK
Source: Bloomberg
'Most Shorted' Stocks squeezed higher at the open but rolled over for the rest of the day to end only marginally higher...
https://cms.zerohedge.com/s3/files/inline-images/bfm1715.gif?itok=k07lYmY5
Source: Bloomberg
Interestingly, rate-cut expectations to year-end 2024 (and 2025) are lower post-Fed crisis-cut. The market still expects 3 more cuts in 2024 though (and four more on top of that in 2025)
https://cms.zerohedge.com/s3/files/inline-images/bfm3DB9.gif?itok=odXVTiso
Source: Bloomberg
Treasury yields were mixed today with the short-end outperforming...
https://cms.zerohedge.com/s3/files/inline-images/bfmF47D.gif?itok=MOTOKAY5
Source: Bloomberg
...extending the bear-steepening in the yield curve from yesterday's Powell comments. 2s10s is now at its steepest since June 2022 (notably disinverted)...
https://cms.zerohedge.com/s3/files/inline-images/bfm69AD.gif?itok=V9BVoVJQ
Source: Bloomberg
Bloomberg's Alyce Andres notes that comments from The Fed supported bear steepening of the US Treasury curve. Here are 10 reasons why bond investors believe the Fed’s actions telegraphed a hawkish cut:
In its statement, the Fed said the assessment of current conditions showed job growth slowed versus moderated previously. That means the Fed views labor market growth as now having a reduced speed. It also compares to a reduction in size, strength and force it described in June.
The Fed’s language around inflation was firmer. It eliminated the characterization about inflation easing in recent months and over the past year. Instead, the Fed emphasized it remains elevated.
The Fed continued to delay the end of QT. This coupled with the 50-bps cut signaled that the central bank clearly sees moves in the policy rate and balance sheet as independent.
Dissention from Governor Michelle Bowman, a Fed hawk, in favor of a smaller cut.
The dot plot showed a narrow majority favored lowering rates by an additional half-point this year over a 25-bps cut.
The longer run median dot rose to 2.9% from 2.8%. That’s the dot the Fed will use as its anchor.
Forecasts were optimistic with the median dot for growth at 2% over all time frames and longer-run unemployment and inflation steady at 4.2% and 2%, respectively.
Fed Chair Jerome Powell said the economy is basically fine, telegraphing a broadly optimistic view with a hawkish emphasis on the fact that the Fed isn’t in a rush to lower rates.
Bond investors voted with their feet -- opting to take profits on wagers for lower rates. Traders also threw in the towel on bull steepeners in favor of bearish ones viewing the 50-bps rate cut as a recalibration of monetary policy rather than a sign of concern about the health of the labor market.
That move continued Thursday with global investors adding to bear steepener positions under the notion that the Fed is likely to stick the soft landing.
The dollar chopped around today, hitting highs in the early Asia session and lows in the early European session before bouncing back to practically unch...
https://cms.zerohedge.com/s3/files/inline-images/bfm9843.gif?itok=5ElIEL34
Source: Bloomberg
Bitcoin ripped higher today, testing up towards one-month highs at $64,000, right at the 200DMA (after breaking above the 50- and 100-DMA)...
https://cms.zerohedge.com/s3/files/inline-images/bfm2A98.gif?itok=LGSB9g6j
Source: Bloomberg
Ethereum outperformed Bitcoin for the first time in nine days...
https://cms.zerohedge.com/s3/files/inline-images/bfm3B95.gif?itok=0CQD68NY
Source: Bloomberg
Gold was bid back up to record highs...
https://cms.zerohedge.com/s3/files/inline-images/bfmFF60.gif?itok=iMKPjcdG
Source: Bloomberg
https://www.jmbullion.com/
Crude prices continued their sawtooth rally back from three year lows with WTI breaking above $72...
https://cms.zerohedge.com/s3/files/inline-images/bfmC2B.gif?itok=9QMQvNRU
Source: Bloomberg
Finally, bonds and stocks remain in worlds of their own since the last FOMC meeting in July...
https://cms.zerohedge.com/s3/files/inline-images/bfm4FAF.gif?itok=zl8ovIAg
Source: Bloomberg
Which happens first? S&P back down to 5200, or 10Y yield up to 4.2%?
https://cms.zerohedge.com/users/tyler-durden
Thu, 09/19/2024 - 16:00
https://www.zerohedge.com/markets/delayed-reaction-buy-all-things-trade-engaged-after-fed-crisis-cut nostr.fmt.wiz.biz
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Delayed Gratification: Post-Powell Plunge Prompts Face-Ripping Rick-On Rally Delayed Gratification: Post-Powell Plunge Prompts Face-Ripping Rick-On Rally Yesterday's pump-and-dumps across most major asset-classes was met with a wall of BTFDing in Asia, Europe, and then the US which lifted stocks, gold, oil, and crypto prices (and bonds yields) in a delayed gratification day. In fact, this is first time that yields rise after a 50bps cut since Lehman (Oct 2008). https://cms.zerohedge.com/s3/files/inline-images/Untitled%20%283%29_2.jpg?itok=1gLPY7Yi It was 'Risk On' in equity-land, post the 50bps cut and the start of the easing cycle with Tech leading to the upside. Broad-based rally with >375 names up on the day in the S&P. Nasdaq and Small Caps led the surge in stocks (the chart below is from 1400ET yesterday - to include the pump and dump around The Fed and Powell). The Dow is the laggard for now (up only 1%)... https://cms.zerohedge.com/s3/files/inline-images/2024-09-19_13-00-11.gif?itok=_FHpIdX1 Goldman's trading desk pointed out that volumes +20% today vs the 20dma and ETFs capturing close to 33% of the tape (but they highlight that top of book liquidity stands out as extremely poor, tracking -60% vs the 20dma). We are active across rate-sensitive pockets of the mkt, specifically Fins (REITS + large cap) and Utes. LOs are much better buys (1b net demand) led by Tech, Fins, Macro products, and Hcare. HFs are net for sale, with supply concentrated in pockets of Discretionary, Fins, and Comms Svcs. The basket of Mag7 Stocks surged back up to record highs today... https://cms.zerohedge.com/s3/files/inline-images/bfm94D.gif?itok=mEbZ_UmK Source: Bloomberg 'Most Shorted' Stocks squeezed higher at the open but rolled over for the rest of the day to end only marginally higher... https://cms.zerohedge.com/s3/files/inline-images/bfm1715.gif?itok=k07lYmY5 Source: Bloomberg Interestingly, rate-cut expectations to year-end 2024 (and 2025) are lower post-Fed crisis-cut. The market still expects 3 more cuts in 2024 though (and four more on top of that in 2025) https://cms.zerohedge.com/s3/files/inline-images/bfm3DB9.gif?itok=odXVTiso Source: Bloomberg Treasury yields were mixed today with the short-end outperforming... https://cms.zerohedge.com/s3/files/inline-images/bfmF47D.gif?itok=MOTOKAY5 Source: Bloomberg ...extending the bear-steepening in the yield curve from yesterday's Powell comments. 2s10s is now at its steepest since June 2022 (notably disinverted)... https://cms.zerohedge.com/s3/files/inline-images/bfm69AD.gif?itok=V9BVoVJQ Source: Bloomberg Bloomberg's Alyce Andres notes that comments from The Fed supported bear steepening of the US Treasury curve. Here are 10 reasons why bond investors believe the Fed’s actions telegraphed a hawkish cut: In its statement, the Fed said the assessment of current conditions showed job growth slowed versus moderated previously. That means the Fed views labor market growth as now having a reduced speed. It also compares to a reduction in size, strength and force it described in June. The Fed’s language around inflation was firmer. It eliminated the characterization about inflation easing in recent months and over the past year. Instead, the Fed emphasized it remains elevated. The Fed continued to delay the end of QT. This coupled with the 50-bps cut signaled that the central bank clearly sees moves in the policy rate and balance sheet as independent. Dissention from Governor Michelle Bowman, a Fed hawk, in favor of a smaller cut. The dot plot showed a narrow majority favored lowering rates by an additional half-point this year over a 25-bps cut. The longer run median dot rose to 2.9% from 2.8%. That’s the dot the Fed will use as its anchor. Forecasts were optimistic with the median dot for growth at 2% over all time frames and longer-run unemployment and inflation steady at 4.2% and 2%, respectively. Fed Chair Jerome Powell said the economy is basically fine, telegraphing a broadly optimistic view with a hawkish emphasis on the fact that the Fed isn’t in a rush to lower rates. Bond investors voted with their feet -- opting to take profits on wagers for lower rates. Traders also threw in the towel on bull steepeners in favor of bearish ones viewing the 50-bps rate cut as a recalibration of monetary policy rather than a sign of concern about the health of the labor market. That move continued Thursday with global investors adding to bear steepener positions under the notion that the Fed is likely to stick the soft landing. The dollar chopped around today, hitting highs in the early Asia session and lows in the early European session before bouncing back to practically unch... https://cms.zerohedge.com/s3/files/inline-images/bfm9843.gif?itok=5ElIEL34 Source: Bloomberg Bitcoin ripped higher today, testing up towards one-month highs at $64,000, right at the 200DMA (after breaking above the 50- and 100-DMA)... https://cms.zerohedge.com/s3/files/inline-images/bfm2A98.gif?itok=LGSB9g6j Source: Bloomberg Ethereum outperformed Bitcoin for the first time in nine days... https://cms.zerohedge.com/s3/files/inline-images/bfm3B95.gif?itok=0CQD68NY Source: Bloomberg Gold was bid back up to record highs... https://cms.zerohedge.com/s3/files/inline-images/bfmFF60.gif?itok=iMKPjcdG Source: Bloomberg https://www.jmbullion.com/ Crude prices continued their sawtooth rally back from three year lows with WTI breaking above $72... https://cms.zerohedge.com/s3/files/inline-images/bfmC2B.gif?itok=9QMQvNRU Source: Bloomberg Finally, bonds and stocks remain in worlds of their own since the last FOMC meeting in July... https://cms.zerohedge.com/s3/files/inline-images/bfm4FAF.gif?itok=zl8ovIAg Source: Bloomberg Which happens first? S&P back down to 5200, or 10Y yield up to 4.2%? https://cms.zerohedge.com/users/tyler-durden Thu, 09/19/2024 - 16:00 https://www.zerohedge.com/markets/delayed-reaction-buy-all-things-trade-engaged-after-fed-crisis-cut nostr.fmt.wiz.biz