We will finish today at the highs. There is a reason. Van I may of messed up at the gym. I may have been too weird. Our sexy trainer was wearing a one piece flight suit, I love that look and I said: " I am the only man in the world who finds Army Flight suits sexy..." Pause. I meant that in a totally real way-- it;s a sexy look on girls because it's anti-sexy. Then later on I was doing a weird old man stretch inner thigh... and she said "I like your moves" and I said " inner groin stretch "- you can see where my mind is- instead of inner thigh stretch. Pause.
Stoney!!!! Don't look now Stoney, but HD has dropped from a high of $311 to $291. HD might get a little bounce now, but all in all, the whales are heading out to sea for the summer. Selling calls and buying puts on the S&P before they leave. Watch what happens as more retail B&M report, the lights come on and the bids dry up. You even mentioned something yourself yesterday Stoney. Visa reported a record month with credit card purchases.And look at this: Until housing and fuel drop, it's only gonna get worse.
THIS IS WHAT IS GOING ON- The economy is slowing. The Fed is raising rates at a 50 BP clip. Some idiots were all upset at no 75 but the Chair has set them straight with some incredible jawboning that has left many of us quite impressed. Sure he made some boneheaded moves but this shift to 50's is genius. And something we should of done in the last rate raise cycle that never got anywhere. There was a time when 50 would shock the market now it is the norm! Bravo! Now back to the economy cooling. We can plot out now much less rate raises at least 3 less. Powell speaks today and he will let the market know that reaching his goal on real ratesmight take three or four 50 BP moves and then a pause. As the economy comes in they meet in a good place and that's how soft landings are made. The hefty 2.0% March U.S. business inventory rise 10:45 $ECON The hefty 2.0% March U.S. business inventory rise after an unrevised 1.5% February gain beat assumptions, and it left a 6-month string of the largest increases since 2011. The upside inventory surprise reflected a 2.3% retail inventory rise that beat the 2.0% advance estimate, after a revised 1.6% (was 1.5%) February gain. Inventories remain tight despite big nominal gains each month as inventories chase sales, and all the measures are lifted by huge price gains. Analysts now expect an upward Q1 GDP growth revision to -1.3% from the -1.4% advance figure, with an $15 (was $10) B boost to inventories. Analysts previously expected boosts of $12 B for imports, $2 B boost for exports, and $9 B for consumption, and downward revisions of -$3 B for equipment spending and a -$4 B for nonresidential construction. Analysts still expect Q2 GDP growth of 3.6%, with a -$46 B inventory subtraction that leaves a $113 B accumulation rate, after an estimated -$19.5 (was -34.5) B subtraction in Q1.
There is a reason. It'll be a short squeeze. I can see it in the charts as I type. If we don't get one soon, watch out below. For now though, it sure looks to be setting up for one into the afternoon session.
Caught a bit of this here but we could of made so much more! Those options were telling something Van! Ayyyyyyyyyy Well since we highlighted the name so much it's still going in our win column- this is the 7th 15% plus gainer!!! (Even if I only made 6%-8%) Jumia Technologies rises 26.1% 12:00 JMIA Jumia Technologies is up…
That's one of the better stocks out there, look how well its held up thru the last few weeks. As China wakes up, this one goes higher.
Van you nailed UPST! Everybody is buying it again WHY! Go with it! just sit back and take it... I have a new name for the market-- "A REVERSE COW-GIRL MARKET " (tm-stoney)
What are the other 6? NU isn't one. FLYW isn't one BROS sure as hell ain't one. And when did you advise the readers to buy JMIA? As far as I recall you only pointed it out and asked me. Those options didn't mean anything. So it went up. 45% of the float is short. But what are the other 6?
CHINA IS EMERGING FROM SLUMBER VAN! Me so sleepy! well Shanghai anyway... best not to talk about some of the other areas...