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Jesus fucking Christ. The hourly numbers here are accurate? (US) Wells Fargo analysts estimate that if all UAW demands passed, the average hourly labor costs for Big Three US automakers would more than double from ~$66/h to ~$136/h

TD Ameritrade's "Think or Swim" (often referred to as ToS) trading platform has what they call paper trading, which is sim trading. Only downside is that you can only place trades during market hours, nothing extended.

https://pr.tsmc.com/english/news/3061 TSMC posts monthly financial updates to their website. August year on year revenue is down by 13.5%. The January-August 2023 revenues are down by 5.2% vs the same time in 2022. Where the fuck is all of this NVDA AI money coming from? (TSMC makes all of...

So basically... nothing will happen. Welcome to the new normal?

IWM showing the relative weakness today. Trading back at the 100/200MAs again. I added back what I sold in the 190s.

Yea, down another 3% overnight due to China expanding the bans.

ISM data today was basically bad news for the Fed on every metric driving the continued inflation narrative. On the back of it, yields spiked, US Dollar popped, and algos hit equities. 10:00 *(US) AUG ISM SERVICES INDEX: 54.5 V 52.5E; Prices Paid +2.5% to 58.9 - Business Activity Index: 57.3 v...

@Daidraco Reading list: "Atomic Habits" by James Clear "Trade Mindfully" by Gary Dayton "Trading in the Zone" by Mark Douglas "Best Loser Wins" by Tom Hougaard "The Art and Science of Technical Analysis" by Adam Grimes "Antifragile" by Nassim Taleb "The Candlestick Course" by Steve Nison...

You're going to need to read a lot. More importantly, spend a lot of time learning (and inevitably losing money). It's not some get rich scheme and is well documented that most lose money. Some studies show that 9 of 10 fail. Personally, what I have seen around trading communities is that people...

@Haus I agree with this. Current live yields on those treasuries:

Catalyst today was the JOLTS data (job openings) coming in well below expectations. (Good news for the Fed). This plunged the US Dollar and yields, pushing the big move up in equities.

All crypto names moving very strong on news an appeals court overruled the SEC on the Greyscale cypto ETF. Most crypto related names popped upwards of 15-20%. 10:26 GBTC US federal appeals court rules SEC was wrong to reject Grayscale application for spot bitcoin ETF

Only bit of interesting info I've found today. Buried in the Fed manufacturing data is a big surprise rise in materials cost. (Inflationary)

Which is back over 5% today

10:02 *(US) FED CHAIR POWELL: PREPARED TO RAISE RATES FURTHER IF APPROPRIATE; REAL RATES ARE POSITIVE AND WILL PROCEED CAREFULLY; WILL REMAIN RESTRICTIVE UNTIL INFLATION SUSTAINABLY SLOWING - JACKSON HOLE REMARKS - Policy is restrictive but can't be sure what neutral rate is - Need sustained...

NVDA Reports Q2 $2.70 v $2.09e, Rev $13.5B v $11.2Be - Board approves additional $25B share buyback program (2.1% of market cap) - Guides Q3 Rev $15.7-16.3B v $12.3Be

More interesting data being floated around. Student loan payments resuming soon isn't going to help these stats.

Got relatives in town, wasnt at the desk all day. WTF happened?

@Mist Absolutely JEPI is a better performer vs holding S&P500 in a declining stock market, but it lags massively in a positive one. (JEPI +12.2% Oct22-Jul23 (plus divs) vs SPY ~32% (plus divs:emoji_nose: over the same period. We were discussing in relation to corp / gov bonds, so I was merely pointing...

JEPI yields are fantastic, but over a long horizon you are capped in gains due to the selling covered call nature. You are also exposed to downside. Dec'21 to Oct'22 was facing about a 21.5% decline in share price. Just worth looking at the pros vs cons in these type vehicles.

For comparison to the Target debacle: Bud Light distributors no longer expect sales to recover from the Dylan Mulvaney marketing campaign, per NYP.

Still nothing huge, but to be aware of: BREAKING: New credit card and auto loan delinquencies have now surpassed pre-Covid levels, per Moody’s Investors Service.

I'm not predicting his accuracy this time around, however, it's worth remembering that he was wrong for quite some time in 2008 before he was very right and very profitable. Right idea & wrong timing is a common thing in active investing. (Markets irrational longer than you can remain solvent)...

Welcome to the new normal. (0DTEs)

Nice to see some followed. It was a bit of a lotto, but on the day we entered it was screaming extended and had the best risk v reward for participating in an NVDA short without tying up too much capital.

Trimming some of those NVDS calls. Hope others enjoyed the ride.

@Sanrith Descartes @Blazin For full context of that 1T news: 11:00 (US) NY Fed Quarterly Household debt and Credit report: Q2 delinquencies flat q/q but remain at 11-year high; Credit card balances surpassed $1T for the first time ever - Credit card balances rose by $45 billion to $1.03...

NVDA crazy price action. News hit: NVDA nveils Next-Generation GH200 Grace Hopper Superchip Platform for Era of Accelerated Computing and Generative AI Share price spikes on the news, then immediately gives it all back and then some. Closing in on $440 now. PS. Been away a bit. Seems like...

*IF* it is real.

TLT has +/-3% (and more) repeatedly over the last months. Should be a much bigger move after rates actually peak.

On my radar: Rates exploding higher today. TLT down >2%. DXY (US Dollar up a lot as well)

Nice rate for sure.

https://www.marketwatch.com/story/tesla-secret-team-would-suppress-driving-range-complaints-report-987a96d7?mod=bnbh

He also just said no 2% inflation until 2025. Big red candles after that statement - Hiking until inflation is at 2% is formula for going past target; if we see inflation coming down credibly we can move down to a neutral level and be below neutral at some point - Don't see inflation back to 2%...

If you're willing to take the punt, why not just wait until post-earnings in 2 weeks? Not very confident in their performance this quarter after streaming costs reported by NFLX, and the apparent park bookings. Films are shit as a cherry on top.

I wanted to go long some DIS at these levels from a purely technical standpoint, but I think my overall fundamental analysis is still too bearish. Their films have been a complete disaster and that is no quick fix, as the run out for better scripts & stories takes years to hit theater. (Plus...

Isn't ChatGPT also limited to 2021 data? Asking it finance questions is probably not the best idea.

Apple joining the AI party. 12:05 [AAPL] Said to be working on large language model AI framework named 'Ajax' - press Apple has created an internal ChatGPT style bot for employees and hopes to challenge OpenAI's tools