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Kind of a shitty day to pick for flying halfway around the world. I did set an order out there though and luckily grabbed a fill.

Quick reminder. Cash is a position. Especially when Fidelity is paying me 5% on it.

For context. Japanese intervention is at high risk at 150+. TLDR version is US yields spike massively. Yields spiking is a very real threat to stability right now...

MSFT stated growing Cloud revs in earnings yesterday, so there's speculation that has come at the expense of AMZN.

JPY USD hit 150. VIX moving up, 10Y yield moving back to highs, Netanyahu beating the war drums. SPY and QQQ sitting on some critical support before an abyss below. QQQ nearly at -2.5% on the day Trying not to be cute and contrarian and loading up too much. @Blazin ?

IWM dumping the day's gains and SPY closing below the 200D again isn't the greatest look.

SPY retesting the 200D

Car Owners Fall Behind on Payments at Highest Rate on Record Car Owners Fall Behind on Payments at Highest Rate on Record

I know you can buy directly through Fidelity. No clue on SoFi

We aren't oversold on the Daily for SPY either. Came into session midrange of RSI and a ways from lower Bollingers. Wouldn't be surprised to get a big shakeout still. OpEx today as well, but I think there are a ton of Puts ITM currently. Maybe this pop is to get them to book profits and close...

Yea, shit got all wacky during / after Powell Q&A. TLT new 52w low. VIX closed above 21. OpEx tomorrow. Buckle up kids!

Shit is getting frisky. Long some LMT. 14:43(IQ) Drones, rockets attack Iraq's Ain Al-Asad airbase, multiple blasts heard inside the base - press - Source TradeTheNews.com Plus https://www.cnn.com/2023/10/19/politics/us-navy-intercept-missiles-yemen/index.html

Love watching El-Erian shitting on Powell. Never gets old.

@Gravel post of the year there bud. Hahah

We hit 4.996% to be precise.

4.99% 10yr

If this bounce sticks, could be a great scoop. TLT already trading highs of day. DXY, Yields, and VIX all falling. Maybe a day for a market bounce. Need Powell to wear his dovish tie today!

Tesla down 10%. Feel much better after my rant last night.

You also get underlying cost rise in something like TLT 20yr bond etf. Hence my layering in as I believe we are closer to terminal rate. (My guess, not advice). As soon as something breaks and Fed is forced to make a cut, TLT should appreciate by a fair margin. If you outright own an actual...

This is also why dividend paying names get crushed in high rate environments. Who wants to own something like T or KO when you have underlying stock price volatility in order to get your 3-6% div yield? Stock price can dive and you’ve got to claw your way back to break even. Why not just lock in...

To quickly add on this, inversions happen early in these cycles as most just think the economic turbulence is short lived. It takes much longer for the long durations to catch up. The Fed has been repeating itself for months now about “higher for longer”. Investors are finally taking that on...

Tesla double miss. How the fuck this is green AH is beyond me. 16:01 [TSLA] Reports Q3 $0.66 v $0.73e, Rev $23.4B v $24.4Be; Cybertruck deliveries on track for later this year; More than doubled the size of its AI training compute - Affirms FY23 vehicle production at 1.8M and to remain ahead...

Nearly every duration at or above 5% yield.

Fun watch.

Yea, I was by no means implying it a buy signal today. Just noticeable change in its recent weakness. Worth keeping an eye on. I don't like the overall index retracement here so far. Got 2 more hours till close, but we are still stuck in a range here.

Good to note this, as IWM lead the weakness before the market came off the year's highs recently. It's been a monster today.

08:46 (US) Biden administration confirms plans to halt shipments to China of more advanced AI chips designed by Nvidia and others (as expected) - Nvidia's A800 and H800 chips will be hit by the new regulations, due to a change in chip parameters aimed at capturing a greater number of chips

14:50(US) DOJ officials said to be considering case against realator fees - press - Source TradeTheNews.com Yes please.

Yep, $TLT down 1.8% but indexes are at high of days. Let's see which one flinches first.

Those sentiment and inflation expectation numbers started the slide, but the macro news of Saudi shelving the plans of normalizing Israeli relations and have started talks with Iran due to Hamas conflict has basically sent market into risk off mode. I'd be careful longs today. Going into a...

Those do scar deep! When my great grandmother passed away, we found she had stockpiled tons of canned food in the cellar and other necessities in her attic. Not a hoarder by any means, as her house was neat and tidy. Having lived through the great depression, I think food scarcity just gets...

30yr bond auction just made the market shit the bed. Yields and dollar spike. 13:02*(US) TREASURY $20B 30-YEAR BOND REOPENING DRAWS 4.837% V 4.345% PRIOR; BID TO COVER 2.35 V 2.46 PRIOR AND 2.39 OVER LAST 8 REOPENINGS

Bloomberg article this morning talking about the failed IPO and just happened to casually mention that their 2023 revenues year to date are 20% lower than the previous year over the same period. Doesn’t sound great to me.

Priced at $46 and opened at $41. Immediately thought to myself: "who the fuck still buys these shoes?"

This is partly why there is a retirement crisis for GenX+ generations. When pensions basically went out the window, too many thought Social Security was supposed to be the entirety of their retirement and will be surely disappointed. The sad thing is, 401k type contributions take a hell of a lot...

Shouldn't be surprising. Money rotating around. Div names got slaughtered when rates were at highs. Likely some profit taking out of tech that has moved back into the oversold sectors / names the last 2 days as rates and dollar have dipped.