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A strong day for XBI, up over 3% :eek:
I think you will get another chance for sure, we have more downside to go probably if we aren't seeing any turnaround for inflation trend. :D
Have a good weekend guys and see you all next Tuesday. Let's see if we have seen the peak for oil, Jim Cramer has been so bullish for oil stocks...
Looks like the best performers are those stocks that got beaten down the most and the bear market actually started for them already last year...
Wow oil down big today :eek: Seems like a weak day for commodities overall, it could help the market if commodities stop going up like crazy
RCL, CCL and NCLH all down big, they are pretty much back to the pandemic levels now :eek:
Energy is down big today despite oil prices stay elevated :eek: Picked up some MPC at $91.73 to see if we will see a bounce tomorrow or next week :D
The DOW now below of 30K :eek:
Got in some SPDN at $17.09 yesterday, looking good so far :D Gonna be pretty hard to find the bottom soon for this market when inflation is so bad...
Atlanta Fed Slashes Q2 GDP Forecast To Zero Confirming Technical Recession | ZeroHedge US retail sales slow in May as inflation weighs on...
Here is the relief rally :D Don't think we have seen the bottom yet for sure, inflation is still pretty much out of control :popcorn:
FedEx (FDX) Increases Quarterly Dividend by More Than 50%, Appoints Amy B. Lane and V. James Vena to Board of Directors (streetinsider.com) A...
Fed likely to hike rates by three-quarters of a point this week (cnbc.com) So far seems like a 75 bsp hike is expected although Powell has said...
Let's see if we will get a relief rally tomorrow even if it will be short lived :eek: An interesting day tomorrow for sure since we have no idea...
https://mobile.twitter.com/WallStreetSilv/status/1535407950575157250?s=20&t=KPGZ1gm37PfNnBEGJlJn5w Funny to see how wrong they were on inflation...
OK just bought the dips a little more today but just very little, I will try not to do too much ahead of the FED, this time it is rather unclear...
Bought the dips last Friday not working out too well for me :p Let's see what the FED will do on Wednesday, maybe they should just hike...
Bought the dips a little bit today and will see if we see some kind of bounce next week. Generally still pretty bearish especially after that CPI...
Gold is generally inversely related to the value of the US dollar because gold is dollar denominated, so pretty often gold is down when the dollar...
Gold showing strength today on the inflation number despite we are seeing the dollar going up :eek:
