Wti back over $80. Definitely possible we see yoy drflationary on that front but mom inflationary.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
I own sqqq. But selling calls and puts around it.
But with vix so low not much premium there currently.
This always seems to happen! I would say that the better PPI number was more than offset by weak retail sales, hawkish Fed member comments and the debt ceiling. The treasury yields sure came down though.
The markets do what they do on a given day. No reason ever to worry about that. However, inflation crashing is critical for the next bull rally and market. Today was an amazing day!
The economy is fine and will remain so (unless the Fed goes full moron). CNBC reported last week that 90% of the laid off tech workers got hired elsewhere within several weeks. The labor market is strong. Once again, we already had the recession (Q1 and Q2 of 2022). We are already on the other side. Sure, perhaps earnings will be less than hoped, but remember, stocks bottom way before earnings do.....normally 9-10 months. This happened in 2020, 2018, and 2009.
..no, i don't actually think this changes anything... but, fyi.... someone else may be handling the FOMC this month
I'm buying into the upcoming 1st half swoon followed by a strong 2nd half narrative, so I look to be out of SQQQ and into TQQQ along that time line.
I'm keeping it simple and positioning myself for the rebound back to ATHs (whether soon, later this year, or down the road). Timed a buy large buys really well, especially in October when it was around $17. My CB is right around $20. I will buy more if it breaks under $15. At this CB, I will 4-5x when it fully recovers. That's good enough for me.
I'm working on a few smaller 3x plays.....SOXL, YINN, and LABU.
Putting this here to read tomorrow.
Jamie Dimon says rates will rise above 5% because there is still 'a lot of underlying inflation'
Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly elevated.
Jamie Dimon wishes rates will go as high as possible. It would help JPM. He knows inflation is over and is panicking.Jamie Dimon says rates will rise above 5% because there is still 'a lot of underlying inflation'
Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly elevated.www.cnbc.com
Enlighten me Gob. Please.
27% at the moment
I use Strike and move to a Ledger to hold my btc. Strike is very easy to use. Moving to storage can be a complicated task for those not tech savvy. If you want to buy and keep it in a bank-like storage, I would either use Coinbase or Fidelity. I have never used either, so I cannot attest to them. If you intend on hold a large amount of btc, I highly recommend you move it to a storage device like a ledger
Just opened my new Fidelity Crypto account. Sounds like Fidelity is doing it right. Customers own the coins and they store them. No funny business. Case deposits are FDIC insured. I trust them. They are only offering BTC and ETH at this time, but may expand in the future. I'm sure they will never offer anything close to what COIN does.
Not sure.
I been waving the Strike flag aggressively lately, as its essentially free. Their btc market price runs a lick higher than most exchanges though. No fee sending btc to a wallet. No need to pre-fund the account either. If btc hits a price I want to buy, I fund via my debit card and get realtime access to those funds to purchase btc with. I can withdraw right away too. No waiting time for USD to clear.
Only downside is initial deposits maxed at 1k per month. It takes some time to get that increased.
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This is the key line right here, the Fed will interpret this as their rate hikes aren't working if people are seamlessly finding new jobs. Which is a ****ed up stance to take on the matter with inflation far outpacing real wage gains over the past 2 years.
+1
The Fed is dumb. You're right, wages going up while inflation is crashing is a good thing (lots of catching up to do). QoQ, inflation is gone. Not decreasing or low, it's literally gone.
I think fees are misleading in that every platform executes buy and sell prices differently for BTC and ETH. "Free" trades can be misleading if the execution price is a bit higher than competitors.
we won't get back to ath unless the fed aggressively reduces rates which is not going to happen imho. careful with that ath view. we'll get a rebound but ath was at almost zero rate valuations which will not happen
stay ahead the curve is the smart play, good job
because the fed has gone woke. imagine an enterprise that is only to look at inflation and unemployment now telling banks to prepare for global climate change and have plans prepared for review. whiskey tango foxtrot!
disagree, strong employment with a slowing economy just means they'll anticipate a slowdown in wage acceleration with anticipated layoffs. We're seeing the banks increase employee reduction, slowdown in construction is showing in employment numbers for that sector, inventories are through the fking moon still (definitely deflationary) and loan demand is slowing
labor is lagging here
If we get close to ATH, I may trim or reallocate. We shall see. What do you think of all the metal plays? Traditional and rare.
The Fed going woke may come with a benefit. Black and Hispanic unemployment ticked up in the last jobs report. Another similar data point may start the pause/pivot. Powell did say he didn't want to hurt "vulnerable" populations. LOL!
unless the fed goes to zero again, ath will be very difficult to even broach
Bringing politics into this is comical. Don't fight the Fed. It has a job to do. And it will do it. Hopefully with a result that will render a better economy sooner than later.
I wouldn't be surprised by a 50 bps increase in Feb.
I wouldn't be surprised by a 50 bps increase in Feb.
Inflation = Neg (QoQ)
Last I checked, a negative number is lower than 2%, right? LOL! We all see the data, especially the bond market.
By the way, there is a growing story out there that the Fed didn't need to do anything about inflation. Essentially, the transitory story was right only that additional COVID variants (delta and omicron) and Putin delayed inflation from normalizing. This makes a lot of sense. Inflation is due to COVID, lockdowns, excess gov spending, and Putin. As all these things resolve, inflation is coming down like a rock and is now gone. Inflation peaked and started to come down prior to Fed jacking rates.
About 65% say 0.25, but 35% say zero (which is increasing).
Fed Rate Monitor Tool - Investing.com
Our fed watch tool displays a forecast estimation for fed hikes or cut by the next upcoming FOMC meeting.
Best thing about 2023.....Bullard is not a voting member anymore! He's irrelevant. LOL.
