Off-Topic Stock Market & Crypto Discussion

8:30 AM
USD Average Hourly Earnings (MoM) (Sep)
0.2% -1.34 0.3% 0.4%
8:30 AM
USD Average Hourly Earnings (YoY) (Sep)
3.8% 0.71 3.7% 3.8%
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USD Average Weekly Hours (Sep)
34.2 0.00 34.2 34.2
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USD Continuing Jobless Claims
1.974M - - 1.946M
8:30 AM
USD Initial Jobless Claims
220K -0.19 223K 228K
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USD Initial Jobless Claims 4-week average
224.25K - - 237.5K
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USD Labor Force Participation Rate (Sep)
62.4% - - 62.3%
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USD Nonfarm Payrolls (Sep)
119K 1.74 50K -4K
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USD Philadelphia Fed Manufacturing Survey (Nov)
-1.7 0.09 -3.1 -12.8
8:30 AM
USD U6 Underemployment Rate (Sep)
8% - - 8.1%
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USD Unemployment Rate (Sep)
4.4% 1.25 4.3% 4.3%

Non farm payrolls up
Unemployment rate up
 
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Seems like it would be prudent to buy Google at any price today/tomorrow/next few years. they trained the latest Gemini model on inhouse TPUs not Nvidia GPUs (). Seems like a good Nvidia hedge if youre bullish AI too
 
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Taco lifting tariffs.
Consumer Sentiment still low.
John Candy Reaction GIF
 
We need to rebound from November..hopefully we get..
Possible rate cut
Consumer spending up
Christmas rally

Google at all time high today.
 
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Sooo should I buy a bitcoin or not?
I bought some in one of the ETFs late last week. I plan to keep adding to about 5% weight in portfolio.

Bought a ton of GOOG, some MSFT/META/CLS too. Mkts in general seem fine to me. We got a 5% correction in SPY finally. Maybe the rally falters and we sell more but it still seems like a bull mkt in risk assets with a ton of room to run. Should get help from the WH next year as they try more economically and market friendly policies in attempt to not get wrecked in the midterms.
 
8:30 AM
USD Producer Price Index (YoY) (Sep)
2.7% 0.00 2.7% 2.7%
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USD Producer Price Index ex Food & Energy (MoM) (Sep)
0.1% -0.43 0.3% -0.1%
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USD Producer Price Index ex Food & Energy (YoY) (Sep)
2.6% -0.21 2.7% 2.9%
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USD Retail Sales (MoM) (Sep)
0.2% -0.78 0.4% 0.6%
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USD Retail Sales (YoY) (Sep)
4.3% - - 5%
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USD Retail Sales Control Group (Sep)
-0.1% -0.64 0.3% 0.6%
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USD Retail Sales ex Autos (MoM) (Sep)
0.3% -0.39 0.4% 0.6%
8:55 AM
USD Redbook Index (YoY)
5.9% - - 6.1%

PPI rose 2.7% yoy
Retail sales rose less than forecast.
Market wants a interest rate cut…
 
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