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Anyone catch Carvana today? CVNA +66% Catalyst: CVNA Raises Q2 adj EBITDA >$50M (prior 'positive'), Non-GAAP total GPU above $6,000 Anyone want to call bullshit on $6k gross profit per vehicle? Seems way OTT.

Its mostly Millenials and Z'ers getting robbed, so thats always a fun watch.

If youre not familiar, it is hilarious. There is a Netflix doc on it that paints the picture fairly well. Highly entertaining, go watch! TLDR: Fyre festival was a big fuck you money grab that scammed everyone of money.

Financial Independence / Retire Early movement. Been around for quite some time. Mr Money Moustache has been talked about on this forum for years. He is the extreme version, but there are many great points he makes. Every little bit helps. Scale waaaay back on expenditures early in life and...

Dip your toes with something easy like a 1month treasury. Sure the yield has come down in the last weeks, but that's not the point. The point is actually seeing your money working for you and getting a chunk of money at the end of the month. Can't remember which finance person said it (maybe...

One of the two most level-headed opinions I respect in markets is Ray Dalio. (Other being Mohamed El-Erian's Fed criticism) Here's Dalio's thoughts on matters:

Re short positions, you've got to be juggling a lot of macro data to make sense of it all. There are many moving parts. The single greatest differentiating factor today vs 2007 is QT. We have a Fed raising rates and a tightening of liquidity. Banks are also feeling the pinch and tightening their...

I love reading FIRE stories. People need to be more aware and read the success stories to make their own lifestyle changes. Glad things are working out for you despite the market downturn. Just keep spending light during the downmarkets, you should come through just fine.

Someone who has been day-drinking their sorrows away after yolo'ing into weekly Apple calls right before the WWDC presentation yesterday.

@Jasker Quite simply, the run up has been big. Apple is one of the only tech stocks trading near all time highs. The AR headset was essentially a sell the news event. Regardless of how bullish you are on Apple, nothing moves in a straight line up. Zoom out to some higher time frames on AAPL and...

This on top of the fact everything else in the presentation is available almost immediately, but the very end of presentation after the $3500 price tag (which the live crowd audibly groaned at), they said the goggles aren't coming to market until 2024.

COIN down >21% pre.

09:09 (US) SEC Chair Gensler: Crypto trading platforms should be treated no different from other securities trading platforms - CNBC - Crypto exchanges are commingling a number of functions - Platforms offer a web of deceptions, with some individuals trying to evade law - We don't need more...

Surely Mama Cathie will back the truck up again and average down.

Announced a partnership with Apple's new $3500 Vision Pro AR headset. I had 1k shares long at $33.18 .. went into a vol halt up, but while halted, Apple announced they weren't releasing until next year. Spooked out and sold at $34.40 after the halt resume .. now here we are up >$39 .. ah well.

Market breadth improved a lot today. IWM (small caps) on a big move up into the key $180 level. A move and close above is positive for the markets vs the big run in recent weeks of AI tech holding us up. The rotation is obvious today and healthy for the market. As always though, things can...

Also, dont read earnings from Twitter. Use a reliable source. Whales reported incorrect revs in that link from Mist. 01 Jun 15:01 [DELL] Reports Q1 $1.31 v $0.87e, Rev $20.9B v $20.1Be - Non-GAAP gross margin 24.0% v 22.1% y/y - Non-GAAP op income $1.07B v $1.55B y/y - Infrastructure...

End of month rebalancing. All volume goes nuts, its normal. Go look at the other bigs like TSLA, GOOG, etc. All the same massive vol spike.

LCID $3B stock offering. Down -12% on that news.

More like, those are a list of IPOs during the 2020/21 market madness where money was simply thrown around with reckless abandon.

Took some TGT long here. Might have bottomed, as it is at day highs while market is selling. Just looking for a relief bounce over some days on this one. Plenty of ammo to add later.

100%

Nothing to see here...

Don't underestimate the sprawl near these mega bases though.

My brother just moved to Navarre, and while the beaches are stunning, it shares the same issue as Norfolk VA. Both of them have massive military presences. Norfolk has the largest Naval base in the entire world (and all the shit people / gov / gov contracting in that space). Pensacola area also...

Up is the long term path of less resistance (by a wide margin). Also:

From Bloomberg: Traders are now fully pricing in another quarter-point interest rate increase by the Federal Reserve within the next two policy meetings and a more than one-in-two chance that it could be as soon as next month. The shift came as US rates rose across the board.

NVDA just tapped $385+. Some insane price action. *edit* $395+

NVDA raised Q2 guide to 11B vs the 7B expected. Guess the AI hype continues!

TLT is worth eyeing again. Down to support levels here, but likely gets crushed lower on the flood of T-bills due after the debt ceiling is resolved. This will have a big move to make once we actually pause and eventually start cutting rates. I just dont think it as soon as the market thinks...

So markets have priced in rate cuts by July and you've got Bullard out here today talking 2 more hikes totalling 50bp, "do more now", inflation not moving, etc.

The point people are making is the fact it shed like 75% from peak to last November. I don’t think anyone had it easy investing during that period. It doubled recently from those lows, but again dropped another 30%+ in recent months. Everything looks easy in retrospect. What crystal ball are you...

I am honestly shocked the market hasn't completely puked on this barrage of news this morning: 11:06 (US) Fed Chair Powell: Rates may not need to rise as high given credit stress; Inflation is far above fed objective 11:10 (US) Treasury Sec Yellen reportedly told bank CEO's more mergers may be...

13:30(US) House Financial Services Chair McHenry (R): We are not close to being done on debt ceiling talks This shit is hilarious.

Had to step out to pick up the kid. Wowza, NVDA cracked $318. If they have even the slightest disappointment in earnings next week, it is going to get absolutely annihilated. There's only so long this "AI hypetrain" nonsense can last. Every swinging tech dick CEO is out the screaming AI from the...

I think Beagle needs his own pool thread. (Not hate, just something I could see exploding with inquisitive questions.)

10:18(US) House Speaker McCarthy (R-CA): Sees debt limit deal on house floor by next week

Yields surging today across all durations. Probability of June rate hike went from 0 to just over 36% today.

Just leaving uninvested cash in Fidelity brokerage is paying 4.75% now. Schwab (TD Ameritrade / Think or Swim) is still paying fuck all nothing on cash seeep and is partly why they are dealing with cash flight to better yields. Quite the price dump on SCHW during this banking crisis for such a...

Ok, what the fuck does a $200k+ pool look like!? I remember my parents had one installed in the 90s in FL. Roughly 40ft long and kind of jellybean shaped. Had a jacuzzi spa thing on a higher platform that waterfall dropped to the main pool. Spa was heated, pool wasn’t. That cost roughly $50k...