Latest / Rigatoni Capital Podcast
A Hot Jobs Number and Why I Still Think the Fed Holds
Jobs report day delivered a hot number, with August payrolls coming in at 162,000 against a 53,000 estimate and unemployment steady at 4.1%. It does not change my view that the Fed holds in September, and I revisit the debate between Fed Governor Christopher Waller's more dovish lean this week and former senior trader Joseph Wang's conviction that a hike is coming.
Away from the data, I spend time on a Substack post about why smart people stay broke, written by @thebigshort, which lines up with a core Rigatoni idea: most people earn money for decades without ever studying what money is. I…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.