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June 23, 2024
Proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job ...
June 23, 2024
I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this y...
June 23, 2024
Thermo nuclear war. Speaking of weapons of mass destruction lets address the elephant in the room at the top of the show frflt the moment we learned last night that north korea may have detonated a Hydrogen Bomb or claimed they did you knew today was going to be a difficult session. Markets like the people that trade them have always had a hard time factoring in potential nuclear catastrophes. It didnt feet great to rush in and take the other side of the trade. The combination of the unknown and...
June 23, 2024
Proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remarkable increase in bears. The most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. No it was machine gun. As i said the other night that box has to be checked before we can bottom and after a couple o...
June 23, 2024
S p is positive. Nasdaq has gone negative. Oil is a big story, dropping below 32 bucks a barrel. Down 4 for both brent and crude for wti or for brent and wti. Wti now lowest level in ten years. Wonder weathering crude or china fears could lead to an even deeper pullback. Pete what do you think . China dominated headlines last week. China dominated headlines last week. Started on monday through the rest of the week. Then the price of Oil Last Week as well. The complete plummeting each and every d...
June 23, 2024
To take the whole thinin strideropping about a percent on the news or at least the tremors before ultimately rallying. It rallied hard and finished almost unchanged. Theres no universe where we could be down more than south korea on these moves. At least no more worried than you were yesterday. Remember the North Koreans have had Nuclear Missiles forears no they conducted the First Successful test in 2006. All they have done here is go to be able to o ild more powerful nukes like 1952. The North...
June 23, 2024
Its estimated more than 1,100 airplanes will come into the airport. But its not the arrivals theyre most concerned about. Immediately following the game everybody wants to leave the next day. Reporter to make sure everything goes smoothly, pilots must order the landing time and Departure Time as well. We expect it to be a record day in terms of volume. Reporter as for gilbert says hes prepared too for the super bowls arrival and departure. It just basically shakes our house. Im used to it by now...
June 23, 2024
It is the worst trading days for the s p as well at the beginning of the year. Throughout tonights show im going to talk about the proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of ...
June 23, 2024
Speaking of weapons of mass destruction lets address the elephant in the room at the top of the show frflt the moment we learned last night that north korea may have detonated a Hydrogen Bomb or claimed they did you knew today was going to be a difficult session. Markets like the people that trade them have always had a hard time factoring in potential nuclear catastrophes. It didnt feet great to rush in and take the other side of the trade. The combination of the unknown and inherently irration...
June 23, 2024
Since this decline began were beginning to see the necessary ingredients that make a bottom possible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indi...