Off-Topic Stock Market & Crypto Discussion

[mr.h]

What’s actually causing inflation? Increase in rate won’t affect supply chain or oil prices. That’s policy.

maybe they want to try to slow things down until supply catches up with demand.

 

[mr.h]

Jobless numbers better than expected
GDP retracts with a .9 loss…that’s 2 negatives in a row..
With companies overstocked, like retail, they cannot raise prices..
Amazon and Apple after the close.

 

[Bird4um]

Biden trying to change the definition of a recession?

 

[Suhrthing]

Biden trying to change the definition of a recession?

Soviet propaganda 101.

 

[TheEye]

What’s actually causing inflation? Increase in rate won’t affect supply chain or oil prices. That’s policy.

If it were exclusively supply, sales would be down because no one could afford the prices. Seeing as how prices have not affected sales, there is an increase in the money supply overall.

 

[Bird4um]

 

[Bird4um]

JetBlue is getting spirit.

 

[mr.h]

AAPL crushed it..

 

[Bird4um]

Are we going up?

 

[Tony4Canes]

Amazon and Apple report good results for Q2

 

[mr.h]

Beat on personal consumption
Beat on personal income…next year some peoples income rise with the cost of inflation…
All these beats in a recessionary environment…
AAPL up 2 1/2 %
AMZN up over 10%….both companies beat revenue..

 

[Tony4Canes]

Exxon Mobil reports $17.9 billion profit for Q2

Shell & Chevron report over $11 billion profits

 

[CFLCane]

Intel still sucks and just threw 2022 out the window.

Yup.

Intel CFO says we're 'on the bottom' after company misses earnings and stock sinks

Consumers and schools aren't buying as many PCs as they were, driving a net loss for Intel. But price bumps in the fourth quarter should bolster margins.

www.cnbc.com

 

[SpikeUM]

Beat on personal consumption
Beat on personal income…next year some peoples income rise with the cost of inflation…
All these beats in a recessionary environment…
AAPL up 2 1/2 %
AMZN up over 10%….both companies beat revenue..

The problem is all of the above are inflationary. We still have another leg down, because the Fed is now backed into another 50 or 75 bp hike, and more on the horizon. You dont fight the Fed.

 

[mr.h]

The problem is all of the above are inflationary. We still have another leg down, because the Fed is now backed into another 50 or 75 bp hike, and more on the horizon. You dont fight the Fed.

No rate decision until late September. Nice to see big Tech moving up after big declines for the year.

 

[Bird4um]

I picked up some Google

 

[SpikeUM]

No rate decision until late September. Nice to see big Tech moving up after big declines for the year.

Rates came in quite a bit, thats why.

 

[TheEye]

Rates came in quite a bit, thats why.

A reduced demand for new debt is a good sign. Heavily debted economies are ripe for disaster. If more people turn to cash instead of debt, we may see inflation be curbed and a low debt economy.

 

[hotshot]

Are we going up?

Very nice three days at the end of the week. Too early to declare bear mkt over (though some have).

 

[SpikeUM]

Very nice three days at the end of the week. Too early to declare bear mkt over (though some have).

Best guess is that when the Fed is raising aggressively AND doing QT, we have another leg down, probably the final one. The data that came in this week was still very hot.