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Misc Stock Market

You can't swing trade this market...has to be 30 min scalps. Completely broken...

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Freight falling

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Looks like layoffs starting in the home industry

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severestorm said:
Long time coming with investment migrating towards other stocks

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Sucks that people have to deal with this...but the packages they are getting is pretty good. I saw it somewhere.

Elon gave the Twitter folks nothing...say what you want about Zuckerberg, he did try and avoid layoffs and he is giving a nice package.
 
KyloG said:
Sucks that people have to deal with this...but the packages they are getting is pretty good. I saw it somewhere.

Elon gave the Twitter folks nothing...say what you want about Zuckerberg, he did try and avoid layoffs and he is giving a nice package.
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I thought Elon gave 3 months severance. At least he claimed he did
 
Crazy thing about Meta layoffs is it's headcount will still be above 2021. They were increasing headcount 20%+ each year.
 
No snow for you said:
Betting on a cool cpi print?
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Betting 8.1-8.2 was priced in today and this:

“National one-bedroom median rent is down 0.8% over last month, to $1,491 and the two-bedroom median is down 0.7% to $1,832. More than half the cities on our list posted month-over-month declines and 19 cities remained flat, leaving just 20% of Zumper’s top 100 list with month-over-month increases.”

Rent makes up about 40% of cpi and oil cooled considerably the last 2/3 of October
 
Broken024 said:
Yea that's what I saw too
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Also, the rumor is Elon did it fast to avoid stock compensation/bonus. The guy is the richest man on the planet.

Below is META. Sucks getting laid off but this is a good package.

Employees in the U.S. will receive 16 weeks of their salary, plus two additional weeks for every year of service without instituting a limit.

The company will pay all paid time off (PTO) and everyone who is part of the restricted stock units (RSU) program will receive their November 15 vesting.

Meta will continue to pay health insurance coverage for six months for both employees and their dependents, plus provide three months of career support with an external vendor, including "early access to unpublished job leads," the company said.
 
Jimmy Hypocracy said:
Betting 8.1-8.2 was priced in today and this:

“National one-bedroom median rent is down 0.8% over last month, to $1,491 and the two-bedroom median is down 0.7% to $1,832. More than half the cities on our list posted month-over-month declines and 19 cities remained flat, leaving just 20% of Zumper’s top 100 list with month-over-month increases.”

Rent makes up about 40% of cpi and oil cooled considerably the last 2/3 of October
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While the rent stuff is true, it's not going to really show up for a while with how housing is calculated in CPI, so this can be tossed as a thesis with tomorrow.

It's so dumb honestly. Considering what truflation has shown all year, we probably would've had 10%+ CPI readings if things weren't wonky in CPI in that it seems like it doesn't measure everything at the same time, but they are. It's down to 7.3% I believe, but because of wonky stuff, my expectation would be 8.2% on CPI probably.

I imagine if it's with core CPI at .5 or less MoM, it might be fine, but possible spillover from crypto has me worried.

Seems like the thought is core CPI starts dropping off soon (a bunch of .2's and .3's), but I've heard that housing can be on a 12-18 month delay.
 
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