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For what it is worth, Bostic is known to be quite hawkish and is also a non-voter.

Better transcript: 10:07 (US) Fed's Bostic (non-voter): Today's jobs data does not change my outlook on the economy; I see rates moving above 5% and then holding there until policy grips the economy - CNBC - You could make the argument that the jobs market is getting tighter; Atlanta district...

Fed has stated wage gains as a primary (current) driver of inflation. I am sure this is why market has popped. This is good news for Fed, bad for employees.

Some hefty price cuts to Model 3 and Model Y in China and South Korea. (13.5% and 10% respectively) Further fueling rumors of falling demand. Tesla down 5% overnight back to lows. TD Ameritrade Turns Off Day Trading Buying Power For Tesla Stock byBenzinga Newsdesk January 5, 2023 10:39 AM | 18...

You're roughly 20% discount (SPY) from the highs. Can we go lower? Certainly. The trick is, not to try and bottom tick the market. Scale in appropriately. If you haven't put money to work yet at these levels, you should have a think about how often you get 20% discounts to market. By all means...

They (BBBY) are basically in talks of bankruptcy. Therefore, I fully expect WSB to pile in at some point.

Fed minutes follow-up: - Participants were wary of unwarranted easing in financial condition, especially if driven by misperception by the public of the committees reaction function - Several officials noted dot plot tracking notably above market - A couple of FED officials saw inflation...

14:00*(US) DEC FOMC MEETING MINUTES: Most FED officials stressed need for policy flexibility; No participants anticipated rate cuts being appropriate in 2023

I'd be all over trying to buy on a Q4 miss for long term. I don't think Apple has pre-announced earnings since 2019 though, so a lot can happen in 3 weeks time.

$AAPL getting beaten up on news of slowing some orders with their vendors. Couple this with repeated news of poor iPhone demand, skipping new MacBook rollout Q4 entirely, this can set up for a really ugly Q4 earnings report. Due to its index weighting, this is definitely a name to keep an eye...

Tesla’s own goal was 50% yoy increase, so missed that by a wide margin as well as missing analyst estimates. Coin flip my opinion on how the stock may react to that tomorrow. I think the last leg down day Tesla had was when they announced price cuts for those taking delivery by year end. Most...

$5B buy side moc in the last 10mins before close.

10:42 (US) Market Trading Hours Summary: 2022 looking to go out on a predictably sour note Summary: Equities reverted to their downward trend after yesterday's short lived Santa Claus rally, with the S&P on track for a roughly 20% decline in 2022, its worst annual performance since 2008...

https://www.barrons.com/articles/tesla-elon-musk-margin-call-twitter-loan-51672328580

4299

Apple taking a hit on circulations of iPhone 14 sales issues. Share price currently breaking the year's lows. This has some weight in indexes and can really drag us down if it wants to unwind. https://www.macrumors.com/2022/12/28/apple-reevaluate-iphone-15-lineup/

There's a slew of headwinds aside from Elon putting his foot in his mouth. Just looking a bit macro, you have a company that was significantly overvalued by any measure. Now, heading into a recession with interest rates at decades long highs. Forget Tesla or EVs, how is the consumer outlook for...

Tesla $112 and falling. Another >8% down day on the name.

Premarkets pretty much all green with the exception of Tesla down another >2%. Sitting at $120 this morning.

Tesla just getting annihilated. Looking for a starter down here with a ~136.5'ish support coming.

This is why the negative move down: - Raises Median forecast for end-2023 rate 5.125% (prior 4.625%) - Raises Median forecast for end-2024 rate 4.125% (prior 3.875%) - Raises Median forecast for end-2025 rate 3.125% (prior 2.875%) - Source TradeTheNews.com

Of note: Tesla not participating in this market bounce. Back to pre CPI announce price *edit* Now red on the day. Man Elon is fucking the football on this one.

@Aldarion While he doesn't exactly say "pause", it was his first talk of letting the foot off the gas and acknowledging that there is a lag in the effect of the hikes they have already done. Markets are taking that as we are far closer to terminal rates vs where we have been all year long...

Too many people trading (emotional) expectations vs what the price action is right in front of them.

You do realize that Powell's last speech was quite dovish and he quite literally said the words "could pause as soon as next month [December]". People aren't making things up, they are taking his words verbatim.

Many decades? "Many decades" ago we didn't really even have internet. Look how far we've come. Never underestimate the pace of progess, which isn't linear by any means.

Step it up you 800s scrubs. (UK credit scores are scaled differently. I am 820 in the US)

The ratio is absolutely true re credit scoring. However, you still only need 1 card to handle that. I think the limit on my Chase card is $50k. I remember buying my (used) Land Rover with my card some years back simply to collect the points. After the transaction posted to the card, I just paid...

Never understood why people use half a dozen or more cards. I simply have a Chase Sapphire Reserve (we travel a lot) and basically use it for every last transaction you can think of. I’ve got some random Signature Platinum card as a backup in case there’s ever a problem with the Chase card...

Next week Fed Powell tells you: “hold my beer”, then we get Titan in contention.

PPI report coming at 8:30 this morning. First in a wave of data that could set up some major volatility. Next week comes CPI and Fed rate hike as well.

part 2

Why not, honestly, just split your risk? Dump half into Bitcoin and the other half into some actual stock market ETFs?

META (Facebook) being hit pretty hard today on the back of the news that the EU ruling they cant target ads based on user data without user consent. That is really going to hit the bottom line. The way data protection laws have been moving, on top of Apple trying to wall off user data from 3rd...

More technical answer to that: SPY came right back into the year's descening macro trend line (from the year's peaks) and rejected it for the second time this week.

Market (SPY) reclaiming the 200D here so far. If this holds, that is pretty darn bullish, despite what the labor report says. Also remember, there are seasonal effects going into Nov / Dec for Christmas hiring. I have no bets on either direction here today. I wouldn't be surprised to see end...

Holy mother of god... $11B buy side MOC. Never seen one that high!

Summary: 13:30 (US) Fed Chair Powell: We have a long way to go in restoring price stability; Time for moderating hikes could come as soon as Dec meeting - Reiterates likely need to hold policy in restrictive territory for some time; history cautions strongly against prematurely loosening...

I said the same thing last month. Pretty much the entirety of the gains in workforce numbers were service sector. Everything else was negative.