Off-Topic Stock Market & Crypto Discussion

[Tdvv]

EU agrees on landmark regulation to clean up crypto 'Wild West'

The new law, known as Markets in Crypto-Assets (MiCA), is the first attempt at creating a comprehensive regulatory framework for digital assets in the EU.

www.cnbc.com

and just like that BTC goes up $1,600. could this be what was needed to stop the BTC bloodbath?

 

[CFLCane]

Major crypto broker Voyager Digital suspends all trading, deposits and withdrawals

Digital asset brokerage Voyager Digital is pausing all customer temporarily suspending customer trading, deposits, and withdrawals.

www.cnbc.com

Crypto Winter in full effect.

 

[SpikeUM]

With lumber, oil and other commodities down substantially, plus a huge drop in the 10 year and consumer confidence, I am less bearish now than I have been for a long time (about the market, not the economy), but I havent changed my September/October timetable to add risk - YET

Americans Have Had It With Inflation

Unable or unwilling to stomach higher prices, many Americans are starting to forgo some purchases and outings—even the smallest luxuries: “I kind of second guess if I really needed to get this extra pack of chips.”

www.wsj.com

 

[Mikeiavelli]

Yay!! Another Monday that we can't lose money!

 

[SpikeUM]

 

[CFLCane]

With lumber, oil and other commodities down substantially, plus a huge drop in the 10 year and consumer confidence, I am less bearish now than I have been for a long time (about the market, not the economy), but I havent changed my September/October timetable to add risk - YET

Americans Have Had It With Inflation

Unable or unwilling to stomach higher prices, many Americans are starting to forgo some purchases and outings—even the smallest luxuries: “I kind of second guess if I really needed to get this extra pack of chips.”

www.wsj.com

Copper getting rocked. LME in backwardation, Spread on LME vs Comex widening. The speed of this price decline may help ease some demand destruction.

 

[mr.h]

Wednesday ISM
Thursday jobless rate and adt employment
Friday payrolls and unemployment rate..

 

[Cryptical Envelopment]

Been buying XOM puts over the last three weeks.

Great move, my sense is cash them in though, China is still partially shut down, Russia is using energy as a weapon, and the administration still hates the industry.

Sold today ~$7.10 avg. Will look to buy back if XOM spikes hard.

 

[SpikeUM]

Sold today ~$7.10 avg. Will look to buy back if XOM spikes hard.

great timing, kudos!

 

[SpikeUM]

Earlier in this thread I mentioned the megatrend of migration to the Sun Belt, which was exacerbated by Covid.

Red States Are Winning the Post-Pandemic Economy

Workers and employers moved away from the coasts to the middle of country and Florida, sparking swifter recoveries there. Red states have added 341,000 jobs since February 2020, while blue states were still short 1.3 million jobs as of May.

www.wsj.com

 

[mr.h]

ISM Services beat..non- manufacturing businesses
JOLT Jobs beat
Any number over 50 means growth. We still have a strong job number.

 

[mr.h]

Jobless claims…I don’t think we’ll see any major jumps in either direction. It’s hard to imagine a deep recession when we are creating jobs..
Job numbers tomorrow.

 

[mr.h]

Jobless claims up 4-5000 …not a big move.

 

[mr.h]

Non-farm payrolls…372,000 jobs…a beat
Unemployment rate..3.6%
Earnings beat=wage gains
All better than expected. I can’t see a major recession. Soft landing is still possible

 

[Cryptical Envelopment]

Buying NVAX 10/21/2022 60.00 P @ ~$10.20 today.

#grinding

 

[SpikeUM]

Long term megatrend I have mentioned before.

Big Cities Can’t Get Workers Back to the Office

Occupancy is especially low in cities like New York, where workers are the engine of local economies. Among the concerns are crime and commute times.

www.wsj.com

 

[CFLCane]

Long term megatrend I have mentioned before.

Big Cities Can’t Get Workers Back to the Office

Occupancy is especially low in cities like New York, where workers are the engine of local economies. Among the concerns are crime and commute times.

www.wsj.com

Give them 2 years of eating darden food, shopping at walmarts and going to county fairs and theyll come crawling back.

 

[Cryptical Envelopment]

Galaxy Digital Asset Management: June 2022 Month End AUM

Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy Digital") announced that its affiliate, Galaxy Digital Asset Management, ("GDAM"), reported preliminary assets under management of $1,695.9 million as of June 30, 2022.

www.yahoo.com

 

[Cmuri]

Any thoughts on MSPR right here? I missed adding at $1. Looks like it’s starting to form a nice little support in the area.

 

[Bird4um]

I bought some upstart on the 20% haircut.