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Misc Stock Market

Local business roundtable this morning was a bit sobering. We have a couple facilities in this area that repackage/fill various household supplies from cleaning products to small appliance consumables. They both are looking at reduced working hours beginning today and not working at all on the weekend. Orders are down to retailers and the some of the consumables are in short supply or outright unavailable due to tariffs. Think plastic containers for chemicals to coffee. There are some domestic sources but the prices are high and they can't meet volume anyway.

There will be (not even a question at this point) a lack of product on store shelves in some areas as we head into Memorial Day weekend. Higher prices will be a given as well. Even if everything went back to normal tomorrow we're still going to get hit with the shortage crunch although not to the scale of Covid times.

In other news, if you're like me and don't appreciate all the noise from fireworks, you may be in luck. Orders normally would be placed right about now for 4th of July sales. There are domestically sourced fireworks for the really big shows but all the crap you buy off I-95 is straight from China. They may very well only have leftovers from NYE available this summer.
 
ChrisAMB said:
Local business roundtable this morning was a bit sobering. We have a couple facilities in this area that repackage/fill various household supplies from cleaning products to small appliance consumables. They both are looking at reduced working hours beginning today and not working at all on the weekend. Orders are down to retailers and the some of the consumables are in short supply or outright unavailable due to tariffs. Think plastic containers for chemicals to coffee. There are some domestic sources but the prices are high and they can't meet volume anyway.

There will be (not even a question at this point) a lack of product on store shelves in some areas as we head into Memorial Day weekend. Higher prices will be a given as well. Even if everything went back to normal tomorrow we're still going to get hit with the shortage crunch although not to the scale of Covid times.

In other news, if you're like me and don't appreciate all the noise from fireworks, you may be in luck. Orders normally would be placed right about now for 4th of July sales. There are domestically sourced fireworks for the really big shows but all the crap you buy off I-95 is straight from China. They may very well only have leftovers from NYE available this summer.
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We still produce our own eggs, milk, ammo and chewing tobacco. We good.
Let the CCP burn. Lot of unrest spilling out into streets over there. Their govt is hot garbage in more ways than I can count, Trying to rule world on the backs of their citizens and to a lesser degree the backs of working class America.
 
NCSNOW said:
We still produce our own eggs, milk, ammo and chewing tobacco. We good.
Let the CCP burn. Lot of unrest spilling out into streets over there. Their govt is hot garbage in more ways than I can count, Trying to rule world on the backs of their citizens and to a lesser degree the backs of working class America.
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The issue is that almost everything needed to get those products to the shelves is reliant on trading partners.
 
KyloG said:
Complete melt up...just what the market needed. Negative GDP print to indicate a recession is coming. I'm done asking why...just making money long. MSFT/Qs/SPY all working from yesterday and today is awesome.

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I just closed 80% of my longs have had on. Probably the most long I had been all year. But this gap up today is just stupid.

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The US tariffs on China has been temporarily decreased from 145% to 30% for 90 days.
China tariffs on US have been temporarily decreased from 125% to 10% for 90 days.
 
Jimmy Hypocracy said:
Hate to hear that RC. It can happen to anybody at any time. We love you buddy.
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Thanks man. I appreciate that. Doing some things that I would have never been able to do, though. So there's that. 🙂
 
Nomanslandva said:
All hope gone?
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I don't think so but I'm not as optimistic as I once was. I think there's still a hail-mary in there with the defense vertical (new opportunities), technology doesn't seem to be the issue. As I've told RC, I'm riding it off the cliff or to glory....it's just money right 💸
 
RBR71 said:
I don't think so but I'm not as optimistic as I once was. I think there's still a hail-mary in there with the defense vertical (new opportunities), technology doesn't seem to be the issue. As I've told RC, I'm riding it off the cliff or to glory....it's just money right 💸
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Haha, yep! There is a certain % I have tolerance for, but it's not a lot.
 
KyloG said:
I just closed 80% of my longs have had on. Probably the most long I had been all year. But this gap up today is just stupid.

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I added some SPY back pre-market with it being red. I also added IWM at 208.50. Also added Google...fairly heavy google at the lows. Its selloff makes no sense. And it's chart looks really good.

SPY/Qs very extended now but I don't see any signs of it slowing down so just riding it.

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Can see IWM at a huge pivot/resistance of $209...tough to ignore that.

I don't like it's so disconnected from the moving avg's though. Obviously the time to really add was down at $195-200....but still might push through $209 and try for $215 this week.

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