OT: Stock and Investment Thread
- Thread starter RU05
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The slight uptick from the expected number seems to hold more sway with the Fed than YOY based on previous rate increases.
The Fed is focused on core and while MoM is slightly higher than expected 0.28% versus 0.20%, it's due to CPI shelter which everyone knows is garbage. Overall, core YoY and 3 to 6 month annualized rates are coming down nicely.
Slowly. LOL!
That's via Powell's personal reporter from the WSJ.
D'uh.
Yup. Nick T is clearly known throughout Wall Street and the financial community to be Powell's reporter to get out information.
LOL. Pay attention to the financial world or Google as you see fit. Either way would work.
I did and it told me different. Just wanted to give you a chance to prove it.
Not going to help you with this. You need to do the work yourself. Tons of regular comments on Nick T via CNBC, other reporters, multiple financial pundits, etc.
Tracking Nick T is a favorite pastime of option traders.....for said reason.
Interestingly, given we were talking volatility lately, Colas popped up on my youtube talking just that.
Spoiler: I didn't watch it.
Agree. Someone at the Fed is Nick's source but it's not Powell. Nick has been wrong about things lately so its been obvious for a while Powell isn't his source.
Should be interesting. I have read a lot about ARM. Solid company, but doesn't seem to be on the cutting edge of semiconductors like NVDA or MRVL.
SoFi is offering users IPo access for ARM and Instacart. I think it’s a marketing ploy more than anything else as I doubt they get a large allocation. Last time I tried buying an ipo with them I wasn’t given any shares so I didn’t bother this time.
Not that I'm going to, but I think I'd rather short it, then own it here.ARM up big today. Short it?
When do options get posted? By the way, my fun account is up 122% YTD. LOL.
Totally guessing, but based on VFS, next week or the week after.
Interesting article. Where are those options!
I may need to start buying DIS. I was waiting for it to get below $80, but maybe that's not going to happen.
I’ve mentioned 80s has usually been support and low 80s high 70s had held through other bigger downturns. For now that’s held again.
Sounds like the Fed is itching to declare victory just like ECB did a few days ago.
FYI:
Yesterday, the ECB raised interest rates by +25bp, its 10th consecutive hike, to 4% and the ECB President strongly suggested this could be the last hike. The reaction was immediate in markets as the future hikes were quickly repriced away and yields throughout the Euro area fell and triggered a large risk rally. Fed funds futures also repriced meaningfully yesterday, aided by the ECB and by the August PPI. And the odds of a Sept and Nov hike are at multi-week lows.
Inflation is still way too high in Europe while their economy is falling. They can't raise rates. It has nothing to do with declaring victory. It's totally the opposite. They are in a stagflationary environment with no way out.
Yields are all up today and erased yesterday's temporary move. Fed fund futures "predictions" have been wrong for two years. They have no predictive value.
I like the company but I wouldn't buy it at it's current level. How often does retail even have a realistic shot at getting in at the IPO price anyway.
I don't track it but I feel a fair amount of the time some of these "popular" IPOs revisit or go lower than their IPO price somewhere in the future and that's possibly an opportunity.
