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Overnight rates creeping up. 10yr nearly hit 3%. Going to put some further pressure on markets.

I dont think Fed had anything to do with today. Powell didn't say anything that he hasn't already. On a technical perspective, the indexes just came into big overhead resistance. The SPY rejected both the 100D and 200D moving averages. We are going to need a big surge of buying volume to come in...

Boomers drinking margaritas on the beach arent coming back.

13:15 (US) Fed Chair Powell: 50bps hike will be on the table for May meeting; It is appropriate to be moving quickly - IMF panel comments - Going to do our very best to accomplish a soft landing - Many at the Fed thought it would be appropriate for one or more 50bps hikes - It is absolutely...

My mother-in-law just moved in. Sold her place out of a divorce (long overdue). But we've at least got a live-in nanny until she finds her next place. She should do well after selling about 900k worth of a London house and looking to move to a coastal village.

11:04 (US) Fed Chair Powell: Volcker understood role played by price expectations, understood importance of FED independence - Asked what would prevent 50bps move in May, responds 'Nothing'

fwiw, day traders arent flipping $200+ stocks for a few cents. I am sure there are quite a few other whales dumping their positions like Ackman. We've just not seen any required quarterly filings yet.

TSLA double beat. Not much price movement so far. 16:05 [TSLA] Reports Q1 $3.22 v $2.15e, Rev $18.8B v $17.3Be - Source TradeTheNews.com - Outlook comments: s % (prior: 50%) average annual growth in deliveries. - Volume: We plan to grow our manufacturing capacity as quickly as possible. Over...

The low pricing of Netflix drew me in with my laziness. Perfectly happy to go back to full IP Torrent / BTN downloads if necessary.

This seems absolutely toxic. Gaming forum related: 11:29 [SONY] Reportedly planning to let advertisers to buy in-game AD space - press

This Fed speak drives me bonkers. 10:36 (US) Fed's Evans (dove, non-voter): "Good reason to think the special factors causing high inflation will stop going up" Sounds awfully a lot like "transitory" without saying transitory all over again.

Jesus christ. NFLX currently 36% down. Edit: 38% down

Oops

SPY and QQQ dumped after Netflix earnings. Curious if it could be the harbinger of the lost Russia / Ukraine revenues of Q1 earnings season. Going to be an interesting few weeks. Obviously some companies are completely sheltered from that, but I have a feeling we are going to be hearing a lot...

Netflix got crushed.

Yep, this is landlord 101. I had an old colleague who thought having a bunch of budget apartments would balance each other out with multiple rental incomes. What he found was just shitty tenants who missed payments, trashed the places, and had all kinds of other issues. He sold the apartment...

But this time is totally different! Pinky promise swear. 20% annual appreciation is the new "normal" and completely sustainable.

13:48 [TWTR] Board reportedly views Musk takeover offer as 'unwelcome' - The Information

13:42 [TWTR] Twitter board reportedly considering a poison pill in order to prevent Musk from raising his stake - press

13:23 [TWTR] Tesla CEO Musk: Not sure if I will be able to takeover Twitter; Will try to bring along as many other shareholders as legally possible in a private company, which is around 2,000 - TED conf - Twitter has become de facto town square; It's important for there to be an inclusive arena...

I-Bonds: $10k max per year? Bleh. Definitely going to get my mother invested in this though.

15:30 (US) Fed's Waller (hawk, voter): Inflation data was high and we knew it would be; Data supports 50 basis point hike in May,and maybe more in June and July; Believe we are at peak inflation - CNBC - I am forecasting we are pretty much at the peak of inflation and March core CPI reading...

Relevant to the recent price / inflation talk: 15:30 (US) Fed's Waller (hawk, voter): Inflation data was high and we knew it would be; Data supports 50 basis point hike in May,and maybe more in June and July; Believe we are at peak inflation - CNBC - I am forecasting we are pretty much at the...

I had some AMD from 94.80 yesterday. Trimming a piece now for 2.8%

Weren't you in ABBV? 09:18 [ABBV] President to step down, effective May 31st, to join a bioplatform innovation company - filing On April 8, 2022, Michael E Severino informed AbbVie that he will be departing as AbbVie’s Vice Chairman and President, effective May 31, 2022. He will be joining a...

DAL 06:30 [DAL] Reports Q1 -$1.23 v -$1.33e, GAAP Rev $9.35B v $8.83Be; Notes it was back to profitability in Mar 2022 - Guides Q2 Capacity 84% of 2019 levels, Total Rev 93-97% of 2019 levels, CASM-Ex +17%, Capex $1.2B - Adj TRASM -5% vs Q1 2019 - Load factor 75%, -8ppts vs Q1 2019 -...

JPM 06:47 [JPM] Reports Q1 $2.63 v $2.73e, Managed Rev $31.6B v $30.5Be; Authorizes $30B share repurchase program - Common Equity Tier 1 (CET1) capital ratio 11.9% v 13.0% q/q - ROE 13% v 16% q/q - ROTCE 16% v 23% y/y - Assets under Management (AUM) $2.96T v $2.83T y/y - Consumer &...

Umm yea.. welcome to 2021? https://en.wikipedia.org/wiki/Great_Resignation

Or is it? "Low" is always relative. Let's see mortgage rates in 3-6 months time.

Never took that AMD order on account of the big weakness in NVDA and AMD. AMD is now below the ~95 pivot and there are some pretty big gaps down to the next support levels. ~89.5 and ~84.2

And to think we were trading SPY 460 only ten trading sessions ago. There really isnt much in the way of support until back to the 428/429 level.

Attempting a bounce here at the SPY low of yesterday. If we give it up, I expect some heavier selling into the close.

Another day, another Fed speaker: 12:15 (US) Fed’s Brainard (vice chair nominee): Commodities price shock is driving topline inflation; Food and energy price increases are particularly painful - Russian invasion of Ukraine is driving topline inflation, especially energy; Invasion skews...

08:30 *(US) MAR CPI M/M: 1.2% V 1.2%E; Y/Y: 8.5% V 8.4%E - CPI (ex-food/energy) M/M: 0.3% v 0.5%e; Y/Y: 6.5% v 6.6%e 08:30 (US) Mar Real Avg Hourly Earning Y/Y: -2.7% v -2.5% prior; Real Avg Weekly Earnings Y/Y: -3.6% v -2.2% prior

Tom Lee. Mr "everything rally" in Nov / Dec last year. And for the record, I think you still get panic sellers as soon as the Fed announces 50bp moves. Nevermind the fact they are telegraphing these moves at this point.

AMD under $100 premarket. Might need to start looking for the next support level below. (no position) TSLA under $1000 China names being smashed again.

@Sanrith Descartes Our AMD order is never going to fill.

I know New Zealand did, unsure of any others

Looks like the pattern of a shitty stock stagnant for years. (jokes)