@APompliano
That’s currently true but possible for $NVIDIA stock to consolidate and stall out while
#bitcoin
begins its bull run. So NVIDIA may only have temporary outperformance of Bitcoin. Also shows Bitcoin is undervalued.
"Are we in a bull market?"
@SullyCNBC
asks.
"...yes. There's never been a bear market rally that's been longer than the preceding decline," says
@fundstrat
Managing Partner Tom Lee.
#europe
might be close to having its
#lehman
moment as both
#deutschebank
and
#creditsuisse
are rumored to be on the brink of collapse. Both
#banks
have $2.8 Trillion in assets under management which is about 4.6 times more $ than Lehman had. This could be why the
#fed
is meeting
@saxena_puru
True but maybe the recession already happened starting in the first half of 2022 and perhaps ending with the banking crisis? This also corresponds with peak inflation last year as well as stock market lows. Plus the Fed was more aggressive last year.
@saxena_puru
“.. the consumer perceives a lower level of inflation. That is a good thing as it shows high inflation is not anchored .. Good enough to support strengthening of stocks into year end .. We want to stay cyclical and expect stocks to be solid in July.” -
@fundstrat
#UMich
@fs_insight
@fundstrat
I agree with this price target due to
#inflation
and
#inflation
expectations being a tailwind for
#stocks
in the second half of the year. Also since this was the best year for the
@Nasdaq
since 1983, a strong first half usually leads to a strong second half
2023 Mid-Year:
@fundstrat
raising S&P 500 YE Target to 4,825 from 4,750, implies at least +8% in 2H (maybe more).
Get the full report from Tom Lee, only at FS Insight 👇
US
#retail
sales unexpectedly rose in August compared to the prior month, despite consumers facing high
#inflation
however core retail sales excluding
#auto
and
#gas
actually declined which is something the
#federalreserve
wants to see
@Cointelegraph
dollar cost average over time. understand that bitcoin can go up a few hundred percent in a year but can also decline 70 to 85 percent and that is ok and what was done in last cycles. Most importantly have patience
The
#railroads
and
#unions
have until Friday to resolve a
#labor
dispute over Paid Leave. If the dispute isn’t resolved by then 60,000 railroad workers may walk off the job disrupting
#freight
rail and adding further pressure to the
#supplychain
and
#inflation
@saxena_puru
true but all recessions are different and are caused by different reasons. Two quarters of declining GDP is the usual indicator. True Earnings held up ok in 2022 but less so in 2023. Companies only beat lowered estimates this year.
This podcast episode was worth a listen.
@DivesTech
spreading his knowledge about the tech sector and strength in tech stocks as well as
#tech
trends coming in 2024.
The August CPI
#inflation
reading came out and it came in lower than July however hotter than expected. It also rose month over month which is
#alarming
. This increases the probability that the
#federalreserve
will raise interest rates by 75 basis points in next month’s meeting
Jamie Dimon’s comments, poor bank earnings, rising dollar are leading to
#StockMarket
falling today. One piece of good news is that oil is falling about 3% today.
#breakingnews
with the
#dowjones
820 point gain today the
#dow
had its best October ever and best month since January 1976. The Dow is up about 15% since it’s 2022 lows and down 11% from its 52 week highs. Hopefully the
#market
keeps this momentum.
Top 5 Things Every Trader Should Be Watching This Week...
1.
#NVIDIA
$NVDA Earnings Wed (After Market Close)
This stock has become the golden child of the stock market and the risk on environment. Valuation is insane but justified by bulls based on the incredible growth
#AI
is…
Another key
#inflation
report known as the
#ppi
came out this morning and it basically met expectations and atleast was a better report than yesterday’s
#cpi
inflation data.
I think the
@AtlantaFed
#gdpnow
indicator showing a decline of 2.1% gdp growth in Q2, along with plunging oil prices most likely means we are already in a recession
#recession
The
#market
is selling Off Today Due To
#investor
Anxiety About Tomorrow’s October CPI
#inflation
Reading. Expectations Are That Inflation Will Be 7.9% To 8%. If Inflation is less than 8% I think the market would
#rally
JP Morgan’s Kalanovic thinks the market has already priced in a mild recession and the worst is over. Although I think the market is starting to price in a recession, I still think the market hasnt bottomed yet.
#stockmarket
#stocks
#recession
#inflation
#jpmorgan
I fully agree with
@natbrunell
and
@BlackRock
CEO Larry Fink that
#bitcoin
is a form of digitized gold that protects people against inflation and the debasement of their currencies as it’s a fixed supply asset with no point of failure due to its decentralization
#Bitcoin
is a shield to protect your hard-earned savings and protect the worker from the erosion of their purchasing power.
Highlight from my appearance on
@FoxBusiness
today. Thank you for having me.
#ethereum
goerli testnet merge is now complete. This is the third and final testnet meerge for ethereum before its transition to
#proofofstake
next month. As a result Ethereum’s
#marketcap
just crossed over $225 billion and is up 9% crossing the $1,900 level.
#crypto
A must watch. Former SEC Chairman Jay Clayton describes the new and deeply un-American ethos of the
@SECGov
under
@GaryGensler
— if we're not losing cases, we aren't suing enough businesses. This is a total abuse of power.
Elon Musk mentioned in the Tesla earnings call that Tesla sold 75% of its Bitcoin position. He did this in order to raise cash due to the Shangai lockdowns, and is open to potentially buying more Bitcoin again at a later point
#elonmusk
#bitcoin
#tesla
@APompliano
this was another great interview on
@SquawkCNBC
explaining the recent
#bitcoin
run in terms of investors pricing in lower interest rates, more liquidity, and increasing odds of Spot Bitcoin ETF approval.
The
#stockmarket
Surged Today For It’s Best Day Since 2020.
#nasdaq
up 7.4% and S&P 500 5.5% Due to Cooler Than Expected October
#inflation
Reading. This is Why It’s Important To Stay
#invested
During Times Like This As It’s Almost Impossible to Know When
#market
Will Turnaround
#BlackRock
has $10 Trillion AUM & is ready to inject BILLIONS into Bitcoin once a spot ETF is approved.
It is no coincidence that institutions are doing this BEFORE Bitcoin's halving where $BTC supply flow will get cut in half.
WAKE UP!
This increased breadth or amount of stocks moving up especially small and mid cap stocks is
#bullish
in my opinion and more evidence that we are in a
#BullMarket
@RyanDetrick
We've been on record that small and mid-caps looked good and we remained overweight.
Small caps broke out today and made a new 52-wk high in the process.
Continues to look strong.
Palantir is one of my favorite tech plays specifically for
#AI
I am actually up about 183% on the position but i believe the stock and company is only in its second inning of its massive growth story. Great initiation
@DivesTech
#palantir
Here's a stat for you...
It's been 309 trading days since ChatGPT was released on 11/30/22 and the Nasdaq is up 46.07%.
In the 309 trading days after Netscape (the first web browser) was released in December 1994, the Nasdaq was up 45.9%.
It doesn't get much closer than that.
Javier Milei just became President of Argentina. This is huge for
#bitcoin
as he will be the second pro bitcoin president of a nation state in addition to El Salvador.
Very impressive report from $TMDX ---
$TMDX not only beat Q3 estimates by 35% but raised full year guidance by 22%
$TMDX was a gift last week under $40, the stock was being unfairly punished for getting into the aviation business but they needed to it…
Since nobody here has a subscription to the WSJ, I asked ChatGPT to summarize the article.
The Securities and Exchange Commission (SEC) has deemed a recent wave of applications by asset managers to launch spot bitcoin exchange-traded funds (ETFs) as inadequate. The SEC's…
Protests In
#china
Are Continuing For The 4th Straight Day Due To China’s Strict
#covidlockdowns
And
#zerocovid
Strategy.
#oil
Fell To One Year Lows And
#stocks
Are Selling Off This Morning Due To The Lockdowns