• Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!

Misc Stock Market

Market really sucks right now...I was up nicely first 15 mins and now getting chopped up. They screwing everyone...short, longs.

Tesla chart just a mess, straight up, straight down, key pivots breached and then prompt reversals. Very predatory.

Screen Shot 2022-12-07 at 11.17.28 AM.png
 
About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth - YahooFinance.
 
Q's have held this $279-$280 level for about a month now. Basing nicely...

QQQ-09_Dec_2022_11_51.png
 
Bought some spy 388 puts for monday at $40 each. Thought to myself these are super cheap for inflation data release day. Turns out that's Tuesday. I'm an idiot.
 
Inflation clearly deceleratig quicker than most expected. Does the Fed do 50bps or even 25bps now. And do they say they are done hiking.

 
Fj1YcUpXkAAtUDg
 
$TSLA looks done. Down 50% over the past 10 weeks and in free fall. Market has had it with Elon and his antics. I don't know how he recovers from this...best thing for Tesla would be to hire a new CEO.

Screen Shot 2022-12-13 at 10.41.59 AM.png
 
I doubt the Fed says they're done hiking tomorrow but unless the US2Y starts selling off again, it's saying that the Fed is closer to done than they may think they are right now at their meeting based on previous history.

Maybe one more 25 in February I believe (thought there was a meeting in January, but I think the next one is February).

Now we might very well stay there until 2024 where the bond market priced a bunch of cuts after Powell's Brookings event, buuuuuutttt the market knows that history says that after they pause, cuts typically come 6 months later.
 
One of the great twitter pumpers looks to be in trouble. ZachMorris. I follow on Twitter to know which names to avoid. Although his AMC call was epic.

$100m in profits.

 
Someone posted a chart about a month ago that showed the S&P bottoming after the Fed pivot every time. If we expect at least a little more WRT rate increases, why should we not expect another decent dip in the S&P that at least tests prior lows? Is there any good reason that we should expect this time to be any different?
 
Powell is doing 50 bps because inflation is still 7.1% YoY. Yes, inflation is slowing but Powell no longer trust models and he believes if he causes a recession he has the "tools" to quickly address it like he did in March of 2020 (his words). He isn't stopping until he sees inflation under 2%. He does not want to be Arthur Burns but wants to be Paul Volcker. wishcasting is not a solid investment strategy.
 
You must log in or register to reply here.
Back
Top