Daily Discussion - Main Discussion thread

For now the market is loving lower inflation and the soft economic data

 

Watching ISRG's report this afternoon. Been flat for 2 months.

 

Might buy it if it pulls back hard after earnings for longer term play, it has a nice balance sheet

 

What a run for NVDA lately Anyway I am taking some off the table just in case the earnings from TXN after the bell will lead the semiconductors lower, if semiconductors stocks fly tomorrow then thank me for selling some NVDA shares today

 

MSFT up 4% AH, let's see if the tech rally can go on tomorrow

 

Yeah the rally continues. Watching DIA to target last week's high.

 

A pretty resilient market, thought we would be down more today after that guidance from MSFT Now I wouldn't be surprised to see this market continues to run a little bit into the FOMC next Wednesday

 

Things might get bad for Google.

 

I am a little more worried about Pelosi selling the stock than the antitrust itself

 

The market is on a pretty incredible run so far this year I am leaning bearish in the medium term, still don't think we have seen the lows of this bear market, I think we might run to 4100s before this rally stalling out but I might change my mind next Wednesday if the FED is turning more dovish than expected. Will see what kind of effects China reopening will have on the global economy, it might help the global economy to avoid a recession but at the same time might cause inflation to spike again, gonna be interesting to see how it will play out

 

INTC crashing after hours, maybe the tech rally will finally pause a little bit tomorrow?

 

So far, inflation peaked in June. Which is where small caps bottomed out. Other major indices have been basing since then as well.

Definitely keeping an eye on those inflation numbers.

 

Well the run continues for the market Took AMZN and PANW off the table today after a pretty big run for tech, I don't think I have any AMZN share left for now but I am still holding shares of PANW in my long term account

 

Oh yeah? We hit $408 this week.

TARK nearly +60% this month.

 

Wood's ARK Innovation Fund on pace for best month ever as battered stocks surge | Reuters

It is the best month ever for ARK

 

Euro zone bond yields jump after hot Spanish inflation data (yahoo.com)

While it doesn't mean inflation in the US will also be on the rise again after slowing down a little bit, it shows the fight against inflation is far from over globally

 

If I was a gambler my bet is we end with a green day.

 

You're welcome please pay the Lady at the door.

 

Well META is up after earnings so maybe the tech rally will continue tomorrow I think a lot of people including myself to be honest expected Powell to be very hawkish after the recent runup for the market but apparently he wasn't super hawkish