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Off-Topic Stock Market & Crypto Discussion

Would you believe it’s been over a year since the Dow closed below 30k?
 
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So the debt is high, inflation is stubborn, oil is high, we are financing 2 wars…..
tell me again why we should be down….lol

The economy is still strong and I believe the Fed will settle for 3% inflation. We are producing more oil than anytime under Trump and we have freighters of LNG shipments to Europe. They need to expand at the receiving end…
AI, Weight Loss meds are happening now and in the future. Electric vehicles need lithium, copper, nickel and cobalt. Semiconductors are needed, especially made in America…
A lot of investment opportunities and EARNINGS are coming.
 
08:30USDRetail Sales (MoM)(Sep) 0.7% 1.220.3% 0.8%
08:30USDRetail Sales Control Group(Sep) 0.6% --0.2%
08:30USDRetail Sales ex Autos (MoM)(Sep) 0.6% 1.600.2% 0.9%
Retail sales beat..but down from last month.
 
Higher rates are helping banks….watch the earnings.
08:55USDRedbook Index (YoY)(Oct 13) 4.6% --4%
09:15USDCapacity Utilization(Sep) 79.7% 0.3079.6% 79.5%
09:15USDIndustrial Production (MoM)(Sep) 0.3% 0.650% 0%
All UP from last month. ^^^
 
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FWIW, we are nearing/at two critical S&P technical support levels; we closed yesterday at the first key support level, and if we breach that the next one is around 100 points lower. Historically, the lower level (low 4100's) is the absolute key.
 
SpikeUM said:
FWIW, we are nearing/at two critical S&P technical support levels; we closed yesterday at the first key support level, and if we breach that the next one is around 100 points lower. Historically, the lower level (low 4100's) is the absolute key.
Click to expand...
Thinking of selling a lot. But probably already too late.
 
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Bird4um said:
Thinking of selling a lot. But probably already too late.
Click to expand...
Dow has not dipped below 30K in over a year. You are probably fine to sell a significant amount and get the guaranteed 5%. Problem is, with inflation being a constant, not only may it outperform your 5%, but it will likely also prop up all the markets too.
 
TheEye said:
Dow has not dipped below 30K in over a year. You are probably fine to sell a significant amount and get the guaranteed 5%. Problem is, with inflation being a constant, not only may it outperform your 5%, but it will likely also prop up all the markets too.
Click to expand...
This is all because of the bond yields being high. When they fall we rally. Everyone freaked when they were inverted.
We have productivity growth, job growth and we are basically in a soft landing, despite higher rates for longer.
 
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09:45USDS&P Global Composite PMI(Oct) PREL 51--50.2
09:45USDS&P Global Manufacturing PMI(Oct) PREL 500.4049.549.8
09:45USDS&P Global Services PMI(Oct) PREL 50.92.4849.950.1
From these percentages, an index is derived: a level above 50.0 signals an increase (or improvement), and below 50.0 a decrease (or contraction).
 
SpikeUM said:
FWIW, we are nearing/at two critical S&P technical support levels; we closed yesterday at the first key support level, and if we breach that the next one is around 100 points lower. Historically, the lower level (low 4100's) is the absolute key.
Click to expand...

First close below 4200,......only about 2% above a 61.8 Fibonacci retracement
 
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08:30USDContinuing Jobless Claims(Oct 13)1.79M2.331.74M1.727M
08:30USDCore Personal Consumption Expenditures (QoQ)(Q3) PREL 2.4% -0.982.5%3.7%
08:30USDDurable Goods Orders(Sep)4.7% 1.881.5%-0.1%
08:30USDDurable Goods Orders ex Defense(Sep)5.8% ---0.7%
08:30USDDurable Goods Orders ex Transportation(Sep)0.5% 1.070.2%0.5%
08:30USDGoods Trade Balance(Sep) PREL $-85.8B-0.05$-85.5B$-84.5B
08:30USDGross Domestic Product Annualized(Q3) PREL *****4.9% 1.884.2%2.1%
08:30USDGross Domestic Product Price Index(Q3) PREL *****3.5% 3.332.5%1.7%
08:30USDInitial Jobless Claims(Oct 20)210K0.24208K198K
08:30USDInitial Jobless Claims 4-week average(Oct 20)207.5K--206.25K
08:30USDNondefense Capital Goods Orders ex Aircraft(Sep)0.6% 0.730.2%1.1%
08:30USDPersonal Consumption Expenditures Prices (QoQ)(Q3) PREL 2.9% --2.5%
08:30USDWholesale Inventories(Sep) PREL 0% ---0.1%

look at GDP and durable goods.
very strong economic numbers
high interest rates will slow the economy
 
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