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Still lots of fiat currency sloshing around that needs to be sopped up. Housing market is in the toilet, that's about it. Fed most likely has at least one more rate increase. Total joke to be talking about walking back rate hikes yet. Need the economy to take a minor dump. -,2% is not even a start. It's a statistical error.
In March the 10y was @2.50 and the SP500 was 4600. 10y @2.68 now with SP500 4050. The biggest difference now is High Yield rates.
I’m way long High Yield at a very small loss now
QT started in June at $45B. In September, it steps up to $95B per month.
Two interesting reads regarding the mkt's response to the Fed:
https://fedguy.com/the-money-still-flows/
https://www.bloomberg.com/opinion/ar...?sref=5frvVJaF
Lotta doom and gloom a month or so ago. I was buying when the doom and gloom were proclaimed, turned out fairly well so far. Wish I’d have bought more AMZN, shit was on a tear after hours today after earnings. I’m up 22.4% on my 8 shares bought June 10th. AAPL up lately, and GOOGL ticking upwards as well. Tech and growth seem to be surging, ACCD and CMPS are both up off their lows, I’m glad I added to my positions on the lows.
Picked up 10 shares of ARCC today at $19.50, don’t expect much growth but they yield over 8%. Seems a good play in a rising rate environment.
XOM reporting tomorrow, I’m guessing they knock it out of the park. If so, I may sell a call on Monday and try to work some money or take profits if assigned.
It's inconceivable to me that Google won't be $200 a share at some point. You're going to double your money on that bet, within 5 years or probably sooner.
And to quote Sargeant Schultz, "I know nothing!"
Dup….
Fresh four month low in the 10y rate. Especially positive on a Friday and eom if it closes near the low.
XOM hitting a grand slam.Quote:
Originally Posted by BobMc
Front month gasoline $2.97. Almost a 5 month low.
10y note 2.59%. Mortgage rates back under 5% soon.
Let the good times roll!
The huge drop in ISM prices paid -- from 78.5 in June to 60.0 in July -- is 18.5 points, the largest since May/June of 2010 where the difference was 22.1 points.
Short TSM
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HKD seems to have become the "new Gamestop" amongst the YOLO crowd. Came out at a couple bucks on July and has soared to a $300B market cap on $25M in revenues. LOL
Lending Club is paying 2.07% on my high yield savings account now. Considering I've moved all my kids' college money into that account, it's a pretty good chunk of change.
3 mo treasury pays 2.50Quote:
Originally Posted by yeahman
1 yr pays 3.14
I’m back in the green on my investment not really the NASDAQ
Attachment 423015
It got kinda ugly for awhile
money.
layoffs are starting to get more widespread
will the stock market "like" layoffs or not?
hope no one bought a nice new house in Bentonville lately
might be a good place to score a new pad for cheap pretty soon sweet mountain biking from what I've heard
Gasoline futures are only .25c higher than oct 21
That's just the idiotic media trying to explain Chinese scam money. Retail investors don't have enough money to skyrocket a company to $300B like that.Quote:
Originally Posted by sirbumpsalot
Also funny how when it was GME going up like a rocket, they stopped the ability to buy to "maintain market stability," but with this bullshit they just didn't care. Whole system is rigged.
Where's BBBY going? (the company, not the stock price)
Bankruptcy & restructure? Liquidation? Anyone think they'll pull through?
"The four-week average of US gasoline consumption .. dropped lower last week than during the summer of 2020 .. even as retail fuel prices have fallen for more than 50 days straight."
FKNA. Slava UkrainiQuote:
Originally Posted by 4matic
So we are done running the economy hot now that the baby boomers have bought all the shit they dreamed of, but are now worried about inflation? Cool couldn’t see this next recession coming from a decade ago.