You listen to the media? Biden as well I’m guessing?
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SVTP stock pick thread.
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You listen to the media? Biden as well I’m guessing?
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Tale of the tape: S&P futures peaked +1.57% ahead of the CPI release, bottomed out -2.4% and the S&P 500 closed +2.6% with a roundtrip intraday range of 5.52%, according to Deutsche Bank. The Dow rallied +1,400 points from its low.
The Tick Index, which compares gainers to losers at any point, went from -1,900 to +1,900, the first time there have been such extreme numbers on either end, according to Bloomberg data going back to 1990. It was just the 11th time since 1993 where SPY made a 52-week low and closed more than 4% above that low while also closing green, BTIG noted.
The Tick Index, which compares gainers to losers at any point, went from -1,900 to +1,900, the first time there have been such extreme numbers on either end, according to Bloomberg data going back to 1990. It was just the 11th time since 1993 where SPY made a 52-week low and closed more than 4% above that low while also closing green, BTIG noted.
Banks are reporting good earnings.
Economic indicators kinda mixed this morning. Roller-coaster remains intact.
RECAF kinda tickling my attention.
Well, I scratched my RECAF itch, now we wait.
I suspect they almost always fare well with high interest rates. I’ll have to do some research.
Buffet recently loaded up on Wells I believe.
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It's been a roller coaster. I bought in at 39 cents.
Brandon totally f'd me and my LRCX stock. Lam and Applied are scrambling to figure out what to do next, internally. Lately about a third of our sales came from China. Now Tokyo Electron and the other world players are going to move right in.
Buffett has Bank of America and U.S Bancorp. He completely liquidated his position in Wells Fargo. Banks are afraid that next year they are going to suffer substantial loan losses because of inflation as well as less people borrowing due to high rates.
I thought you were sticking with dividend payers?
I do just a little risk it for the bisket.
Was listening to an interesting point on banks.
All major U.S. banks are bracing for significant capital withdrawals as virtually zero interest bearing accounts will likely be lured into 4% plus treasuries
JPMorgan alone is anticipating almost half a Trillion to be removed.
Quite a banking unwind in the future
All major U.S. banks are bracing for significant capital withdrawals as virtually zero interest bearing accounts will likely be lured into 4% plus treasuries
JPMorgan alone is anticipating almost half a Trillion to be removed.
Quite a banking unwind in the future
Some banks are stepping up to the plate to keep those funds.
If capital flight snowballs it will make banks look to be much more levered than they were.
Loan to book ratios.
Also apparently holding paper on all the 3% mortgages in a 4-5% environment is causing a negative return for a few as well.
Just some possible land mines.
Loan to book ratios.
Also apparently holding paper on all the 3% mortgages in a 4-5% environment is causing a negative return for a few as well.
Just some possible land mines.
That was all free Fed money they lent. Plus most banks don't keep the loans, they sell them.
Added to existing holdings in an industrial/construction supplier and a food company.
Time to buy Tesla ?
markets.businessinsider.com
Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
Tesla shareholder Leo KoGuan has previously called for a buyback of $5 billion this year and $10 billion next year.
Time to buy Tesla ?
Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
Tesla shareholder Leo KoGuan has previously called for a buyback of $5 billion this year and $10 billion next year.
Hell no.
Ugly Friday. I figured it would retrace a bit after Thursday but didn’t think it would give it all back. Starting loading 1,2, and 3 week out SPY calls. Started a position in SOXL at the end of the day will add on dips. Probably get some continuation on Monday since we finished at the lows Friday but generally bullish over the next two weeks.
Eyes on UK and Japan next week.
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