Alex Brown, why did I say Alex Jones? Stoney he’s the genius the Greek owners needed to launch into the restaurant business. They were a grocery item before him. https://restaurantleadership.com/profile/brett-schulman
On Tuesday, AMD unveiled its most advanced chip yet targeted toward red-hot generative AI technology. Dubbed the MI300x, it can use up to 192GB of memory. AMD's new chip could be ripe to wrestle market share away from Nvidia's buzzy AI chip called the H100, which supports 120GB of memory. THIS CHIP TELLS ME TO TAKE MY GAS-X FOR MY TUMMY- JUST RECEIVED A SIGNAL
Hey all. The House Of Gummy is in a quandary. When we made our year call for the markets we were the only ones. The common thought for 23' was Dip then Rip.// We made a big point of going the other way-- Rip then Dip. We were right. 3585 ------ became 4,200 // I said many times through the process that A) The Fed could deal with an S&P up to 4,500 and B) that I would sell when I first started to hear 4,400 Targets laid out by the same experts who had missed the huge move. I have done that-- selling many winners just the past 2 weeks. Was that the right move? / I'm not sure. The one man who has had this market right every step of the way along with me is Tom Lee and this is what he has to say- Wall Street’s biggest bull called this year’s stock market rally—now instead of a recession, he says ‘the economy is actually slipping into an expansion’ Tue, June 13, 2023, 5:37 PM EDT In this article: ^GSPC +0.69% Not many on Wall Street were able to call the huge S&P 500 comeback this year after the index plummeted into its first bear market in a generation last year. But then there was Tom Lee. Back in December, the veteran analyst and cofounder of Fundstrat Global Advisors argued that the S&P 500 would jump more than 20% this year to 4,750—a price target 17% higher than Wall Street's median forecast. And in March, Lee doubled down on his bullish take, arguing stocks were set to soar due to falling inflation, a dovish Fed, and reasonable valuations after 2022’s dismal year. Since then, the S&P 500 has rallied nearly 10%, for an over 14% upswing year to date. It’s looking pretty good for Lee’s prognostication, and now he’s back with another big call. Lee, who is generally known for his bullish forecasts and support of cryptocurrencies, says that stocks will continue their march higher. Despite more than a year of consistent recession predictions from Wall Street (probably amounting to the most widely predicted recession in history), he notes that the economy has remained resilient, with the unemployment rate hovering near pre-pandemic lows and GDP growth continuing in the first quarter. “I think instead of a recession unfolding, the economy is actually slipping into an expansion,” Wall Street’s biggest bull told CNBC Monday. Here’s what Lee is seeing that everybody else might be missing. “Conditions for profits to actually outperform” Investment banks have repeatedly warned that the Federal Reserve’s rapid interest rate hikes will eventually slow the economy enough to spark a recession, with some top strategists predicting that corporate earnings will fall throughout the remainder of the year and crush stock prices. But Lee pointed to falling commodity prices, healing supply chains, and the strong labor market as evidence that the economy—and corporate America—may be in better health than many imagine. “I think these are conditions for profits to actually outperform, and at a time when investors’ positioning has been so offsides,” he said, noting that investors have been “very cautious” to invest this year amid consistent recession predictions. Lee has seen some of Wall Street’s recession fears turn to FOMO (fears of missing out) in recent weeks, which could increase flows into the stock market. And while many analysts have cautioned that this year’s stock market rally has mainly been led by a few tech giants, the Fundstrat cofounder doesn’t see that as a negative. “I don’t think stocks are overextended. I think the FANGs did the heavy lifting [in this year’s rally],” he said, referring to the famous Facebook-Apple-Netflix-Google tech basket, “and if we are slipping into an expansion, a lot of other names are going to participate.” Lee isn’t totally alone in his bullish view. Jay Hatfield, Infrastructure Capital Management’s CEO, told Fortune that he believes inflation will fall to just 3.1% in June, enabling the Fed to end the rate hiking campaign that has weighed on stocks later this year. “We believe that the Fed will be forced to capitulate on their ‘entrenched’ theory of inflation, just as they capitulated on their ‘transitory’ theory, as the year-over-year data confirm that inflation is plunging,” he said. Hatfield now sees the S&P ending the year in a range between 4500 and 5000, as inflation fades and “an A.I. boom continues to fuel the stock market and increases economic activity.” For Tom Lee, the only thing that could quash the market’s rally this year is an aggressive Fed, which, as some economists told Fortune earlier today, isn’t satisfied that it has fully licked inflation yet. But Lee doesn’t see that happening. “I think this level of inflation is going to start to look more acceptable to the market and to the Fed,” he said. “And then the question is, ‘Is the Fed okay with where stocks are’? And I think they are.” .... And that's where we are. Tom thinks the Fed will grudgingly accept 4% inflation. I sincerely doubt that. Although I recommended many time the Fed move the goalposts to make the job seem easier... he hasn't./ ~si
GBA 3 80% GAINERS 1 WEEK-- TOP THAT! Hope you guys took the hint!!! AUVI Applied UV, Inc. $1.790.03 (+1.70%)3:59 PM 06/13/23 NASDAQ | $USD | Pre-Market: $2.30 +0.51 (+28.49%) 7:41 AM
If I am the initiator of the rally from the bottom and Tom Lee is the face of the rally I have to say the one other person I am actively listening to is the Professor and the Professor has been bullish on every big down day Fed induced along the way''Jeremy has been correct and when all of these other loafer wearing idiots have been wrong the Professor has been right- Home News stocks The stock rally will end soon, recession will hit, and the Fed won't hike interest rates again, markets guru Jeremy Siegel predicts That's what he said! (stoney) Listen Up Punks- Jeremy Siegel is wary of stocks, expecting a recession, and predicting the Fed won't hike again. The retired Wharton professor doubts the stock market will keep surging or hit a new low. Siegel sees a mild recession and the Fed ending its war on inflation to minimize job losses. The stock-market rally will run out of steam, the US economy will sink into a mild recession, and the Federal Reserve won't hike interest rates any higher, Jeremy Siegel has predicted. The S&P 500 has surged by more than 20% from its most recent low, marking the start of a bull market. However, Siegel warned that during both the dot-com and housing crashes, stocks rebounded by over 20% then promptly erased all of those gains. "This recent bull market move is no guarantee we are out of the woods from the downturn," the retired Wharton finance professor said in his weekly commentary for WisdomTree, published on Monday. "I remain cautious and I do not think we have the start of a major up move here," Siegel continued, adding that stocks are also unlikely to slump below their October lows. That's What He said! (stoney) The veteran economist and author of "Stocks for the Long Run" also weighed in on the future direction of Federal Reserve policy. The US central bank has hiked interest rates from virtually zero to upwards of 5% since last spring in a bid to cool historic inflation, stoking fears of falling asset prices and recession. While the Fed is widely expected to lift rates next month, Siegel suggested it might refrain fom tightening its monetary policy anymore. "We're entering political season and there is already a ton of pressure not to create a deep recession," he said, referring to the run up to next year's US presidential election. "I expect a shallow recession that the market has arguably already positioned for." Siegel underlined the importance of unemployment data in figuring out the Fed's next move. Signs of a weakening labor market could lead the central bank to end its inflation fight to avoid potentially costing millions of people their jobs, he said. The markets guru also suggested the Fed might raise its inflation target from 2% to 3% once the current threat fades. Allowing higher inflation would give it more room to cut rates during economic downturns, or if an ageing US population and declining productivity start to sap growth, Siegel said. That's what he said!!!(stoney)
I am going to go back to ANF and list off all the winning trades in a 3 week time span, completely erasing my huge Bio loss and putting me back on track. This has been one epic run. Thank you very much. I'm so glad we started a new fresh thread and all of these winners didn't get lumped in with all the other ones on radio savant...
Children have asked me what is your secrete. And I tell them you have to run your House like a Dojo. You have to train your mind and your loins for success. You must work work work and then say this mantra before you start your trading day. I AM MAGICAL... I AM MAGNIFICENT https://www.youtube.com/shorts/5oNkI0Axcv4
UPDATE- GRAIN DEAL Putin said Moscow was considering ending its participation in the deal to allow exports of Ukrainian grain from Black Sea ports. Putin charged that Western countries have failed to fulfill their promises to facilitate exports of Russian agricultural products by removing restrictions on shipping, insurance and banking operations that were part of the agreement brokered by Turkey and the U.N. in July 2022. He claimed that Ukraine also has used the sea corridor created under the deal for commercial ships to launch drones to attack Russian navy ships. Putin argued that Russia signed the deal and extended it several times for the sake of helping some of the world’s poorest countries. If Moscow decides to opt out of the agreement, he noted, it would freely supply those countries with the same amount of grain that would have been delivered by Ukraine under the deal. He said he planned to discuss the plans with leaders of several African countries who are set to visit the Russian capital soon.
Ukraine appears to be playing a deadly 'game' as the big counteroffensive gets underway, and its main attack is likely still to come Ukrainian counteroffensive operations are happening at points along the front line with mixed results. The main attack likely hasn't started yet as each side tries to outfox the other, experts say. One expert, a retired US general, says big armor formations may signal the start of the main effort. But this new phase of the war in which Ukraine is taking the fight to the invading Russian army is really just getting started, and while there has been speculation about Ukraine's objectives, the main line of effort is unclear, perhaps purposefully so. "With their operations, the Ukrainians seek to play this shell game, this three-card monte game, where they're trying to use surprise and deception to get the Russians to commit to decisively defending certain parts of the theater at the expense of others," George Barros, a war analyst at the Institute for the Study of War, told Foreign Policy on Friday. Barros said that "the actual intended main Ukrainian effort," whenever it comes, "is going to attack something else." Others have made similar observations as counteroffensive operations continue. "We haven't committed our main forces," a source in Ukraine's General Staff told The Economist Sunday, adding that "the Russians haven't committed their main forces." He said the Ukrainian and the Russian forces are playing a "chess game" aimed at drawing out the enemy, specifically those reserve forces needed to sustain a fight. The Ukrainian military appears to have formed a dozen counteroffensive brigades, around nine of which are equipped with Western weapons, and the military seems "to have committed only a portion of the large reserve of forces available for counteroffensive operations," ISW said last week in an update on the war. Expert observers predicted weeks ago that the deployment of Western heavy armor would be a telltale sign the counteroffensive had begun, and that largely proved to be the case. The main attack, according to a former US Army general, will likely also be identifiable by armored vehicles — but a lot of them. Retired Lt. Gen. Ben Hodges, a former US Army Europe commanding general, wrote in a Sunday Center for European Policy Analysis article that "there is a big difference between starting an offensive" and "the main attack." "The offensive has clearly started," he observed, "but not I think the main attack." He said he suspects a powerful attack by at least three armored brigades consisting of hundreds of armored vehicles, from tanks to infantry fighting vehicles to troop carriers, against a narrow section of the front will signal the beginning of the main attack, the effectiveness of which remains to be seen. But even if we see those large armor formations, "be careful," Hodges cautioned, arguing "the Ukrainian General Staff will want to keep the Russians guessing about the location of the main attack for as long as possible."