Futures rise today FOX BUSINESS: "These GDP numbers were shocking. We were expecting a 2.4% growth. The actual came in at 1.6--a huge loss--and with rising inflation...that adds up to stagflation." "That's something we haven't seen since the 1970's."
AMZN up a little and PINS up big after earnings. SMCI down despite strong guidance while AMD and SBUX down pretty big after earnings, seems like SBUX seeing decline of sales in North America this time too so they can't just blame the China weakness
Feel like we might see more downside ahead unless the FED becomes pretty dovish tomorrow, just my gut feeling
I might start thinking about putting some money in some Chinese stocks, political risk is high but the valuations looking pretty good here
VTNR short term NOTE short term also. LYFT long and ROKU holding long Boeing long. In Roku rest getting in Monday!
Im still at it , still praying bitfarms will go up after giving them too much money. I would say over bought but I am not a complete clown that air trades what he doesn't have or uses margin. Sadly they never even gave me any this time.
Hope you guys made some money this week XLU red hot lately Recent data (ISM, jobless claims, consumer confidence) showing the economy might be cooling down a little bit and we will get the inflation data and retail sales data next week. If I have to guess the worst case for the market would be the inflation data come in hot and the retail sales data comes in soft. Who knows though, should be a pretty eventful week next week
Hang Seng Index on a tear lately Remember Chinese stocks got beaten down to death while the US and a lot of markets globally kept rallying, might not be surprising to see Chinese stocks outperforming even if we see some sizable pullback in the US market
I think the Novavax bulls are not satisfied yet. The Sanofi deal might be a game changer for Novavax.
JPMorgan’s Kolanovic Is Last Prominent Bear as Mike Wilson Folds (yahoo.com) LOL maybe not the greatest sign for the bulls when even the biggest bear on the Street is now turning bullish I think we are fine for now though especially if NVDA beats and raises tomorrow as expected
Price of copper hits all-time high above $5.00 | IG US Uranium Prices at 16-Year Highs, Breaking $100 Per Pound (carboncredits.com) The Price of Chocolate is Skyrocketing, Cocoa Futures Hit Record High – MishTalk Commodity bulls probably are pretty happy lately
