Fully aware, sweating some, feeling alive!Meanwhile in the sinister market maker control room:
" Turn up the sledge-0-matic now! If TSLA cracks 200 you scalawags are in for a flogging!"
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Fully aware, sweating some, feeling alive!Meanwhile in the sinister market maker control room:
" Turn up the sledge-0-matic now! If TSLA cracks 200 you scalawags are in for a flogging!"
Yeah they clearly plan to hammer away with 0.25% hikesWhat JPOW was probably thinking: "We wanted to raise more but we were scared of more bankruns, so we'll just do the 0.25% and calm people down by saying we're almost done, but in reality, we got way more raises planned!"
Now reported by Reuters: Exclusive: BYD reduces shifts at two electric vehicle plants in China - sources
They're also cutting prices: "To spur demand, BYD began offering discounts for its best-selling Yuan Plus and Seal EVs in March."
This makes Charlie Munger look like an idiot:
You mean the other rhetoric of Elon putting in huge buy blocks of shares and then pulling them right before they execute to drive up the SP are not true???Say what?!?
You guys deserve a reward for reading that sort of nonsense.
No more questions... mic drop Powell... leave now!!
Powell and the Fed doing their best impersonation of sticking their head in the sand.Based on the big drop in US Tech macros over the past 5 min, I presume JPow didn't drop the mic, but dropped a turd in the punchbowl as a party favour?
Powell and the Fed doing their best impersonation of sticking their head in the sand.
The market has priced in huge rate cuts this year, and the Fed doesn't see them happeningDoesn't seem like he said anything crazy. Bond market continues to tank, vix is still down today.
Oh why not. 50 more so all back in then some.Full disclosure, what a ride!
I'm back in for 250 chairs. But also bought about $8K in options keeping them below the 240 mark (along with some residual cash just in case). Fed was as expected, but there was no new FUD and I was looking. So I'm ahead on the stocks, lost on the options already but did want some candy before the delivery numbers. I rushed back in after @Papafox reminded me of 200 and 2 attempts at that was enough for me. That's when I started getting emotional again, lol.
No lesson, sorry. Maybe next time, maybe not at all. Was a distraction for sure.
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Please hold for one more week. Inheritance wending its way to me…
I think you are missing the point of the market pricing in rate cuts. The bond market is currently red because the market is STILL pricing in rate cuts due their disagreement with Jpow who they think will screw up the economy hence forcing him to cut rates. Just like how Jpow was saying inflation is transitory as 10y spikes higher. The market was predicting Jpow to be wrong and eventually raise rates.The market has priced in huge rate cuts this year, and the Fed doesn't see them happening
If the banking issues don't result in sufficient credit tightening to help them with their job of reducing inflation, rates will go higher than currently projected
The current facts are at odds with the market, however long it takes for them to come into alignment
The market is relentlessly optimistic and will remain optimistic until the last possible moment. Only briefly did it ever accept the idea of higher rates for longer, and then it immediately flipped into the extreme opposite at the first perceived opportunity.I think you are missing the point of the market pricing in rate cuts. The bond market is currently red because the market is STILL pricing in rate cuts due their disagreement with Jpow who they think will screw up the economy hence forcing him to cut rates. Just like how Jpow was saying inflation is transitory as 10y spikes higher. The market was predicting Jpow to be wrong and eventually raise rates.
So today's bond buy up is brought to you by the market thinking Jpow is wrong, not that he will raise rates higher than expected.
Yes, that's why bond is red along with stocks, they are pricing in a cratering of the economy. The optimistic part was hoping that Jpow wouldn't be so stubborn, but just like his transitory statements, he is sticking to his guns again. Forward looking broThe market is relentlessly optimistic and will remain optimistic until the last possible moment. Only briefly did it ever accept the idea of higher rates for longer, and then it immediately flipped into the extreme opposite at the first perceived opportunity.
I think the only thing that will result in rate cuts this year is the economy cratering and it showing in the data
All kidding aside, my father died from complications of undiagnosed colon cancer 16 days ago; he lived on his own, with no pain, until we took him to the hospital 12 days before he died. He died in the hospice that he wished to go to. Five weeks ago he told me he had had a great life, no regrets, great job and family. He had 100% of his mental facilities with him the day he died. I pray I have his grace when I’m on my death bed.Thank you for your sacrifice.
On the bright side, at least you didn't have to schedule a Colonoscopy.