Market grinding higher here I am still not a big believer of this rally since inflation remains high, I might change my mind if inflation coming back down quickly in the coming months. Anyway I wouldn't be surprised to see the market grinding higher rest of the month but I am feeling bearish for September
OXY running Buffett's Berkshire Receives Approval to Acquire up to 50% of Occidental Petroleum (streetinsider.com)
The dollar is running again I guess we will soon find out whether it was just a bear market rally or we really have seen the lows. Even if inflation has peaked, there is no strong sign that inflation will come down very quickly and I think the recent rally was a chance to take profits off the table
THS is down now but did hit a new 52 week highs earlier today, they should be loving the current inflationary environment with consumers trading down to the private labels
Bear market rally is possible, but it always feels that way, its never bullish feeling at the bottom.
Seem like the rally is done at least for now I am a believer it was just a bear market rally but we will see what happens in the coming days/weeks
Not much going on for the market at all, now I guess the market is just waiting for the Jackson Hole on Friday to see if we will see a dovish or hawkish Powell
Testing fish for Covid-19 is a sign that political dogma has trumped common sense in China | South China Morning Post (scmp.com) China is even testing fish for COVID now lol
NVIDIA (NVDA) sees Q3 revenue of $5.90 billion, plus or minus 2% (streetinsider.com) NVIDIA (NASDAQ: NVDA) sees Q3 revenue of $5.90 billion, plus or minus 2%, versus the consensus of $6.92 billion. Weak guidance but reaction pretty mild so far for NVDA, I guess expectations were pretty low after they have issued warnings earlier this month
A decent rally today ahead of Jackson Hole tomorrow, GDP was revised upward this morning and I guess it is positive for the market
