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Regional banks all dumping. 10:18WAL *REPORTEDLY EXPLORES POTENTIAL SALE - FT KRE (regionals etf) down 9% VIX back over 20

Considering the financial literacy of the average American, why would this be any surprise whatsoever?

PTON .. $170 in 2021. $8 today. I remember having the conviction that this trash would dump once people went the fuck back outside and remembered home gym equipment is typically an impulse buy that gets relegated to being a clothes hanger / sold for cheap. Let alone some crazy subscription...

Apple took a hit on the back of this news in post market.

This should be it. The only point of the entire conference.

- FTC says that the company violated 2020 privacy order; proposes new protections for children and teens META dumping like a small cap

META: FTC proposes blanket prohibition preventing Facebook from monetizing youth data

Absolutely. It is basically a certainty of 25bp hike. The real issue at hand is the market seems to be priced for rate cuts coming this year and not much positioned for recession. All eyes are going to be on his statement and presser. Do we get hawkish Powell ("more work to do" / "higher for...

Regional banks all getting slaughtered this morning. KRE (regional bank ETF) hitting Nov2020 lows. Australia did a surprise rate hike. Expectations were for a hold. Stickier inflation data showing up all over Europe. All eyes on the Fed tomorrow. The sooner the markets throw out these rate cut...

AI AI AI !!!

Most of Europe on a holiday today. Could be some muted volume / volatility. My biggest hesitation of calling the worst of the turbulence behind us is the lack of breadth in the market gains YTD. We have a handful of names that have pulled the S&P up. The likelihood of returning to the next bull...

10:31 [FRC] David Faber: Focus seems to be on FDIC solution that will involve receivership - CNBC - Banks are being asked for their best bids - Still hoping for market based solution, but still feeling less likely Who thought the banking drama was actually over? FRC multi halt down -30%

Too lazy to look. What was said on the earnings call that spooked AMZN?

Doesn't seem to matter. Dumped the entire move and now trading lower than market close. - Guides Q2 -$0.04 v $0.00e - Gross margins (non-GAAP) 38.4% v 53.1% y/y

Amazon and Intel both double beats. INTC Reports Q1 -$0.04 v -$0.16e, Rev $11.7B v $11.1Be AMZN Reports Q1 $0.31 v $0.25e, Rev $127.4B v $124.4Be

What a ripper day.

My repost

META crushed it. META Reports Q1 $2.20 v $1.96e, Rev $28.7B v $27.5Be - Guides Q2 Rev $29.5-32.0B v $29.2Be

Tesla becoming a race to the bottom for price. They are trying to go for market share at the low end of market and basically given up the "luxury" segment. Q1 model S and X sales were half of production numbers, so sitting on an oversupply. Price cuts on the M3 / MY to gain market share is all...

Moments after I posted the FRC thing above, this hit headlines: FRC David Faber: Sources continue to suggest White House and Treasury are unwilling to step up pressure on banks to purchase assets to repair balance sheet - CNBC (aka no bailout thus far)

Google sold off their entire earnings pump with their conference call being quite pessimistic. MSFT holding the premarket up here. I think this will be a gap up and fade day, but overall still in an active uptrend. Until that is broken (up or down), its just time to sit and be patient. FRC...

Some crazy shit is here in the UK, its the same credit companies: Experian, Equifax, Trans Union. They don't talk either side of the pond, so while had perfect credit in the US, moved here with my Brit wife and had zero credit history. About 4 years later, no mortgage, no auto loans, and two...

Utilization %? How much of your open credit are you using at any given point? I have one credit card with something stupid like a $50k limit and if I let it sit at just $5k balance, I get pinged a few points negatively for credit utilization. If all of your balances sit at 0 like mine...

Day Traders Lose $358,000 Per Day Gambling on Zero-Day Options New study tallies retail’s misfortune during the trading boom Researchers warn about growing risk should 0DTE broaden out (Per Bloomberg)

Tesla to $2k/shr in a few years! Get onboard the Cathie train gents! In other Tesla news, they raised Model S and X prices overnight. Kinda odd, as they just reduced prices. Also to note, their earnings showed their Model S and X production outpaced demand by nearly double. So, raising the...

+18% and ITM already. Wasn't expecting resolution this quick, but hey... *edit 20%

In crazy news, T trading at 1993 price.

My $20C VIX June expiry on fire too.

With some luck, I may have top ticked this today.

Just waiting for Elon to get on the conference call and pump for the reversal move.

Tesla down a fair bit. Free cash flow down by -80% Model S and X not selling. (No wonder with consumers feeling the pinch)

And yet my June calls are still green, despite lower VIX today. But yea.. some serious complacency

Tesla has cut model 3 and model Y prices late yesterday. Strange thing to do right before earnings. This makes it the 6th price cut of the year! https://www.bloomberg.com/news/articles/2023-04-19/tesla-drops-model-3-model-y-prices-on-eve-of-quarterly-earnings?srnd=premium&sref=9HT8lz40

Hoping this pays off soon. VIX was trading 52w lows and SPY at the top of the channel, so worth the punt.

Plunge protection team on it already. It has nearly fully recovered. Only -1.5% now