CEO Grasso Global / Wall Street/NYSE Pedigree - CNBC Market Analyst, regular on CNBC's FAST MONEY This is the personal Twitter account of Steven Grasso.
If the market doesn’t collapse soon, plenty of managers will have to start putting money to work. They have waited on the sidelines for the selloff but they can’t wait 4-6 months for it. They are paid to manage and invest, not to sit on hands.
Just bought more $TSLA on this recall dip. It's an over the air fix for now, seemed like a good risk reward with the sloppy algo selling. Headline reading algos see "recall" and it sounds like a huge process not an over the air (OTA) fix. IMHO
Let me clear it up for some who are confused about my trading.
I have long term thoughts and projections on stocks.
BUT if I have an outsized profit in a narrow window I’ve learned after many mistakes, that I should lock in profits and take a look either when the stock breaks…
Let me be clear buying a dip is reckless unless the markets stabilize for multiple days defending that recent low. I'd rather miss the ultimate low than be crushed with further pressure. There are too many crosswinds creating electronic selling, you'll get your chance
“The Federal Reserve Board employs just over 400 Ph. D. economists” none of which have ever predicted any economic event accurately. And have acted late and were late to stop acting.
You would think knowing the consistency of bad outcomes from the organization would make it…
Selling my $META . Great trade, it's levitating above all of its moving avgs. It hasn't done that since Sept 2021. He said all the right things and the stock probably can work its way to $200 short term BUT just too big a move so I will say thank you and take a look again soon.
$BFT
#2
in market share for global digital wallet ... price action and price is just silly. Spac blanket selling has been foolish, when investors figure out this is a real company, sellers will get rolled
So cute the way the market is spooked by nonvoting members of the fed. I bet most traders don’t even realize that. If you’re nonvoting shhhhhhhhhh please, grownups are trading ;)
Market giving a round of applause to operation warp speed. Take the politics out of it, all of the experts said 18-24 months minimum for a vaccine. Unless you're an ideologue credit has to go to
@realDonaldTrump
Can the bulls just enjoy this? Do we have to roll out all of the bears now to tell us eventually we will fall off a cliff? Most people are long, not short, let’s have a nice moment.
$WPF $BFT $STPK = quality. Tremendous opportunity for investors. When investors actually do the research instead of making blanket statement on Spacs they will find themselves with outsized returns
Powell spoke and the market, moved aggressively higher. Now the jobs beat is spooking the market back down? BUT Powell got a glimpse at the numbers before he made his comments, therefore, the market should only worry about what the he said not this report today.
Really is amazing that the
@federalreserve
is known for waiting too long to act and then acting too long. Yet they continue to do it over and over again. They wanted to raise until they broke something. And then they raised again after the first signs of something breaking. We…
Market telling us a large jump tomorrow after CPI? Feels that way. S&P should jump above 4K and give us a memorable Thursday. S&P has been repeatedly rejected at the 200dma, let’s see if that changes tomorrow. See you at 5pm
@CNBCFastMoney
Traders trade. Don’t fall in love with an ideology within the market, it will cause you to miss opportunities. Ride the run ups and downs. Clip profits often and you’ll sleep better. I’m trying to do more of that myself.
#AlwaysBaWorkInProgress
The Fed has zero control over the high prices that are hitting the US consumer. Food and energy prices won't come down no matter how aggressive the fed is. It will only create more pain. The Fed's only goal is to have ammo for the next downturn. Cc:
@federalreserve
Gotta be able to pivot when wrong. No one is bigger than the market. One person or strategy can’t hold back a tsunami / the market . Move on, admit defeat and try to make some $ reversing position. Waiting until you’re right after being wrong for this long isn’t a win. Buried…
I’ve been bearish before. But I think you had a bad read on me tonight.
If we lose the labor market I get bearish.
If rates keep spiking I get bearish.
However I am currently very bearish on the geopolitical situation. I don’t see how we de-escalate at this point.
And as for…
The pandemic made people work from home, which equated for many to not working at all, now they’re back in offices, not wanting to work, the grinders used the pandemic to work seven days a week, whether they’re at home or in an office or on the road. Be honest know which category…
Powell won’t speak of cutting rates until the day they cut rates. Yet he will continue to push the narrative that he is still ready to raise rates at any meeting.
Cc:
@federalreserve
Theme : not transparent, just posturing
If he was being transparent he would discuss when he…
After the reversion back up in 10 year yields from the initial drop from 5%, the precipitous fall has begun. I’ve been on record repeatedly saying rates would crater. They haven’t “cratered” yet but this is a pretty impressive move lower.
But don’t expect Powell to ever…
Odd how many r confused w/price action in $PSFE. Haven't seen the selloff in every spac? I'm pretty good at answering followers but the same questions about obvious market action is silly. If volatility is2much2handle uhave2usetight stops if udon't have stomach4trading.
Biden forgives $9 billion in student debt. Why would anyone pay if they know debt forgiveness is coming? So how is student loan repayment a headwind if no one will have to pay?
COMPLETELY JUST AN OBSERVATION...The older the economic expert, the higher they think the Fed has to raise rates. Older = Higher Terminal Rate. Now that I've made you conscious of it, let me know if you notice the same.
Pentagon press secretary just said we R analyzing these incidents on a case-by-case basis. How about they say you violate our airspace we shoot it down. Let there be no confusion going forward . We are Making this too complicated .yes, I am playing armchair, military commentator
No one wants to go home long for the weekend worrying about a negative Russia / Ukraine headline over the weekend. I say look for some bargains :) Always profit from someone else's panic
If the S&P doesn’t take out 4200 to the upside, we remain in a trading range. If we hold above 4200 the market is seeing something more positive for equities than anyone is factoring in. Regardless, it is remarkable how equities have chewed up every Bearish scenario/reality and…
We as a country don’t have the capability of tracing the origin of something that flies into our airspace? Maybe the Ring camera should make our satellites and surveillance equipment for the USA, since I can scroll back and see anything that has happened.
You good ? I bought $TSLA on a bounce off recent lows, sold it $190’s and rebought below $200 for a punch through. Added yesterday. Either follow or don’t, but please don’t half follow and tweet random nonsense. It’s confusing to others. I’ve been 100% transparent.
@grassosteve
If you haven’t noticed lately the traders featured on
@CNBCFastMoney
or halftime are all now on board. After missing 60%-100% moves.
Josh bought $DOCU Steve $TSLA. Need a reverse ETF tracking you guys 🤣
Beginning of the end of Covid. CDC reducing quarantine from 10 to 5 days and soon to be "stay home if sick" and wear a mask till you feel better is huge.
#BetterDays
It's Friday! Get out there and be a good human being today it's not that hard :-) we all have our list of stocks to watch, do something today that you learned yesterday, and make sure you learn something today lezzzz go
Does the U.S. have a "climate balloon" flying over China? Seems like an odd story to me. How does something float into our airspace to begin with? Doesn't make sense.
I think both $WPF & $BFT get to $45/$50 and then settle in before moving higher from there. They will both trade with the normal "spac" timeline=momentum will build as they get closer to flip date / end of first half 2021
Vaccine companies can create new targeted VAX to variants within 6 weeks and ship them within 100 days. Seeing panicky selling off this new variant seems premature
Awful price action for all Spacs, value hit on rates backing off. Nothing experiencing good price action. If you find yourself panicking uncontrollably =trading isn't for you
As I have said many times you need the stomach to ride the ups and downs of the market. Most newcomers have only witnessed markets that go up, the latest selloff in the market has given you an insight of whether trading is really for you!
Wednesday 1/6/21 first day back on air
@CNBCFastMoney
looking forward to it! Still own all my favorites names $BFT $STPK $TSE $CPRI $WRK $OLN among others. Bought $AAPL recently still holding.
As mentioned pre open was looking for this for the last handful of days. Amazing bounce. Markets are capable of moving aggressively higher in the next three days. I’ve threaded the needle with my S&P calls thank you to all who have given me credit. Few more big up days coming
Let me get this straight, the Democrats want to get
@realDonaldTrump
out of the White House so bad that they put all of these candidates on the stage that are soooo bad? There isn’t anyone better than this? Come on this is silly. Land of misfit toys. I’m embarrassed for them.
Banning TikTok talk will ratchet up this week, the stocks that would benefit most from that have been repeatedly discussed on every outlet whenever banning TikTok is mentioned. They are $SNAP $GOOL $NFLX and $META . Feel free to add a name or two to that list.
I say this truly in the spirit of thinking out loud. If the economy, is strong, the push back is, there’s a lag effect from what the Fed has already done so the economy won’t be strong going forward. If you say the economy is strong the other pushback is that the Fed will have to…
Sea of red all stocks / Spacs getting hit . Value outperforming on a relative basis. Many finding out they don't have the stomach for investing after learning stocks can go down too. own quality and when the indiscriminate selling stops you'll be rewarded
Powell
@federalreserve
never had any control over inflation, simply because the major cause of inflation was the supply chain shutting down. And since the Fed couldn’t free up the supply chain their actions only made the problem worse.
Yes there were other issues but the…
Most important Takeaway for the markets, is that we were in a cycle where the markets would rally until Powell would speak. Now we are in the cycle where Powell speaks and the market rallies. Quite the difference make note of that, especially the bears, and panic prone investors.
Just bought more $TSLA on this recall dip. It's an over the air fix for now, seemed like a good risk reward with the sloppy algo selling. Headline reading algos see "recall" and it sounds like a huge process not an over the air (OTA) fix. IMHO
Just an average night at the Grasso house.. one of our cats, Bailey, got out on the roof! Thanks to a very helpful Fireman Bailey slept well last night! I should have had an
@Apple
airtag on him!
I block trolls so i don't see them after the first clueless tweet. I make Twitter enjoyable by shutting out the noise of jealous, never will be anything haters. Rule number one never respond to hate and cxl their ability to disturb my positive, productive outlook
This year has reiterated to me the power of stick and move. I've stayed too long in names that I should have treated like motels. The run up off tbe pandemic bottom jaded many including myself on outsized gains lasting longer than they should have. Locking in profits n moving on
Spacs have ruined our idea of how stocks trade. $LAZR was a triple in a matter of days. $STPK tripled fast.Heaven forbid if stocks don't double in days or if they actually trade lower at first!Trading is about cutting losses taking profits n having patience
Sold my $AAPL today, JUST TO LOCK IN.
After 8 up days in the market, and this stock specifically spiking higher after an earnings dip, I wanted to get ahead of the market give back day. I will buy back the name on a dip.