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Today's macro lesson. Likely posted before, but well worth a refresh in today's environment.

What a shitshow. $70/shr in 2019. ~$25 now plus divvy cuts. Not sure how much of a chunk of their revenue was from being the sole provider of cpus for Apple macbooks, but Intel has been on a very steady decline since Apple cut ties and started producing their own (FAR superior) silicon in the...

Boomer cuts. 07:30 [INTC] Cuts Quarterly dividend 65.8% to $0.125 from $0.36

Tesla shitting the bed hard. Absolutely in overbought territory on the back of a >100% move in the last weeks, so was due for a pullback.

Fed Bullard scaring the market here. 15:06 (US) Fed’s Bullard (Non-Voter): Would not rule anything out for next Fed meeting including supporting a 50 bps hike; Favors peak rate of 5.375% and wants to reach it the soonest - I advocated for 50 bps hike at last meeting - Skeptical labor market...

About $4.5 USD sandwich only. Having just visited family in FL, I am convinced fast food is far more inflated in the US. The two outings were a Big Mac meal for like $11 and a Taco Bell visit that cost me $12. Insanity.

Exactly this. Particularly NCLH as well in the $28 range iirc.

No one knows for certain. Dude was claiming to go all-in on reopening travel stock plays when myself and others were warning of his bias. Dude ghosted shortly after his positions dropped 50+%.

Also in the UK: UK inflation rate dips for third straight month to hit 10.1% STILL over 10 fucking percent! All the while, Bank of England talking about pausing rates!

I rareIy talk about my strategies here for a reason. For probably 95%+ members that actively post in this thread, I would only ever endorse index investing or at best, swing trades at extreme price action. Day trading is a full time job and takes years of pain and losses. Most simply blow up...

Speak for yourself !

Bitcoin ripping again after hours.

SEC (finally) just voted to shorten trade settlements to 1 business day. A long time coming for that vote.

Historical data completely and entirely disagrees with this statement. (2000, 2008, etc.) The only ones that happen over hours or a day are the weird blips like the flash crash of 2010 (technical issue).

Apple hitting highs over yesterday's levels.

Too lazy to reformat news copy pasta: 16:30 [AAPL] Reports Q1 $1.88 v $1.93e, Rev $117.2B v $121.2Be - Gross margin 42.9% v 43.8% y/y (calculated) - iPhone Rev $65.8B v $71.6B y/y v $68.3Be - iPad Rev $9.4B v $7.2B y/y v $7.8Be - Services Rev $20.8B v $19.5B y/y v $20.7Be - Greater China Rev...

Apple shouldnt have been a surprise to anyone paying attention. They had repeated warnings of supply chain issues linked to China shutdowns, coupled with the fact they pushed their MacBook Pro model release from Q4 into Q1 2023. There are quite a few positive tidbits in the release though, so I...

Very clear rotation happening accounts for the Dow red. It has had strength (safety stocks) when tech sold hard the last months. Markets are aggressively shifting back into tech and out of the safety of Dow.

Rising tides tend to lift all ships, unfortunately.

Fed news is as expected. Just need to get through the rest of the big name earnings this season.

I wouldnt use 20D as a cross. 50D would have more weight and 100 over the 200 would really get bulls frothing. The 20D EMA is a nice guage of recent momentum. Pulling away (in either direction) really far from the 20D typically indicates an overextension and likely imminent relief move or...

Because you are then avoiding PMI, the loan itself is coming from yourself and the interest you pay is also to yourself. Plus no 10% penalty, etc etc

My psyche level bid of 1k TSLA shares not filling at 100.01 is now really pissing me off. (Hit 101s bottom). Expensive miss.

Fairly surprising, and also not at all surprising, that a simple single human error could have caused that NYSE chaos earlier in the week. https://www.bloomberg.com/news/articles/2023-01-25/nyse-mayhem-traced-to-a-staffer-who-left-a-backup-system-running?srnd=premium&sref=9HT8lz40 PS. Had a...

Bad data on NYSE stocks caused the vol halts.

No, we are not deflating prices. Fogel is right on this. We are still inflating, albeit at a slower rate. The rate (while lower than previous months) is still extraordinarily high compared to the last few decades.

SPY really trying to break above the macro descending trendline from the market highs descending through peaks of 2022. Lots of caution here, as we could finally break and hold over this level or equally just reject and pull back again. We are, however above all major moving averages.

From the article i posted:

https://www.bloomberg.com/news/articles/2023-01-13/tesla-slashes-prices-in-us-to-qualify-models-for-tax-credit?srnd=premium&sref=9HT8lz40

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.