Off-Topic Stock Market & Crypto Discussion

[Bird4um]

Any thoughts on market turning red after NVIDIA earnings? Start of the BEAR?

 

[mr.h]

Any thoughts on market turning red after NVIDIA earnings? Start of the BEAR?

After seeing and digesting the economic data, there is worry about the ending of rate cuts.

 

[TheEye]

MSFT down another 10.
478!

 

[Tony4Canes]

 

[Bird4um]

Getting real ugly out there

 

[mr.h]

Taco lifting tariffs.
Consumer Sentiment still low.

 

[TheEye]

MSFT down another 10.
478!

MSFT 474!

 

[mr.h]

Rate cuts coming… boom

 

[Hurricajun]

Sooo should I buy a bitcoin or not?

 

[Bird4um]

Sooo should I buy a bitcoin or not?

I’ll be adding bit. Xrp, eth.

 

[umcane4life]

Taco lifting tariffs.
Consumer Sentiment still low.

 

[Tony4Canes]

 

[mr.h]

We need to rebound from November..hopefully we get..
Possible rate cut
Consumer spending up
Christmas rally

Google at all time high today.

 

[TheEye]

MRK and AAPL are my two biggest holdings and they are down today. That offsets a lot of gains. Tons of stuff down, surprisingly . Hasbro, Phillip Morris, Nike, Home Depot.

Mrk 102!!

 

[flips]

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.

 

[GladeCane]

Sooo should I buy a bitcoin or not?

Yes, it will be back over 125k, probably within a year. I, own IBIT.

 

[flips]

"Bank of America defends Nvidia, says market is ’misreading the numbers’"

Bank of America defends Nvidia, says market is ’misreading the numbers’ By Investing.com

Bank of America defends Nvidia, says market is ’misreading the numbers’

www.investing.com

 

[mr.h]

8:30 AM
USD Producer Price Index (YoY) (Sep)
2.7% 0.00 2.7% 2.7%
8:30 AM
USD Producer Price Index ex Food & Energy (MoM) (Sep)
0.1% -0.43 0.3% -0.1%
8:30 AM
USD Producer Price Index ex Food & Energy (YoY) (Sep)
2.6% -0.21 2.7% 2.9%
8:30 AM
USD Retail Sales (MoM) (Sep)
0.2% -0.78 0.4% 0.6%
8:30 AM
USD Retail Sales (YoY) (Sep)
4.3% - - 5%
8:30 AM
USD Retail Sales Control Group (Sep)
-0.1% -0.64 0.3% 0.6%
8:30 AM
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…

 

[mr.h]

USD Continuing Jobless Claims
1.96M - - 1.953M
8:30 AM
USD Durable Goods Orders (Sep)
0.5% 0.08 0.3% 3%
8:30 AM
USD Durable Goods Orders ex Defense (Sep)
0.1% -0.45 1.9% 1.9%
8:30 AM
USD Durable Goods Orders ex Transportation (Sep)
0.6% 1.51 0.2% 0.5%
8:30 AM
USD Initial Jobless Claims
216K -0.58 225K 222K
8:30 AM
USD Initial Jobless Claims 4-week average
223.75K - - 224.75K
8:30 AM
USD Nondefense Capital Goods Orders ex Aircraft (Sep)
0.9% - - 0.9%

Durable goods orders up
Jobless Claims down
Continuing claims up

 

[flips]

Am not buying any here cause I own way too freaking much already, but this does seem like a great time to add NVDA if ur underweight or don't own any for crazy reasons. Listening to Burry has been a great way to have lost money since the one time he was right.