Off-Topic Stock Market & Crypto Discussion

[GladeCane]

Ladies and gentlemen, this is your Captain speaking. Please prepare for a soft landing.

No more 1st class for me!

 

[TheEye]

Only problem is wages aren't going up relative to inflation.

Actually that’s yet another aspect of inflation. So if the concern is a hawkish Fed, then Wages remaining low is key.

 

[JD08]

Actually that’s yet another aspect of inflation. So if the concern is a hawkish Fed, then Wages remaining low is key.

But the middle class suffers.

 

[TheEye]

But the middle class suffers.

Welcome to…THE STOCK MARKET AND CRYPTO THREAD!

 

[Cmuri]

Sold CAVA for a quick 37% in a week or 2. Let’s see how far it runs.

 

[JD08]

Welcome to…THE STOCK MARKET AND CRYPTO THREAD!

People wonder how income inequality is a symptom, not the problem. Here's exhibit 1.

 

[mr.h]

People wonder how income inequality is a symptom, not the problem. Here's exhibit 1.

PPI Thursday with jobless claims.
We should see a similar drop
I see the problem as consumers spending like drunken sailors, so why cut prices?

 

[JD08]

PPI Thursday with jobless claims.
We should see a similar drop
I see the problem as consumers spending like drunken sailors, so why cut prices?

That's the question. Which consumers?

 

[mr.h]

That's the question. Which consumers?

High employment and spending go together. Consumers are picking and choosing where to spend, but they’re spending.
As we saw today, inflation is dropping.

 

[JD08]

High employment and spending go together. Consumers are picking and choosing where to spend, but they’re spending.
As we saw today, inflation is dropping.

People lament income inequality and treat it like it's a root cause. Meanwhile, it's getting worse and they don't see that it's an effect.

We're going to be spending a trillion dollars servicing the national debt pretty soon. But yay, rich people are spending.

 

[mr.h]

People lament income inequality and treat it like it's a root cause. Meanwhile, it's getting worse and they don't see that it's an effect.

We're going to be spending a trillion dollars servicing the national debt pretty soon. But yay, rich people are spending.

We need to rebuild the middle class, who were devastated with made in Japan and made in China. Things need to be made here. Germany is a good example of producing high quality products, at home, that aren’t affected by cheaper brands. We can do that and be more cost efficient than Europe.

 

[mr.h]

As of last month wages are keeping up with inflation. Hopefully it’s a trend.

 

[mr.h]

08:30		USD	Continuing Jobless Claims(Jun 30)		1.729M	0.34	1.723M	1.718M
08:30		USD	Initial Jobless Claims(Jul 7)		237K	-0.76	250K	248K
08:30		USD	Initial Jobless Claims 4-week average(Jul 7)		246.75K	-	-	253.5K
08:30		USD	Producer Price Index (MoM)(Jun)		0.1%	-0.36	0.2%	-0.4%
08:30		USD	Producer Price Index (YoY)(Jun)		0.1%	-0.65	0.4%	0.9%
08:30		USD	Producer Price Index ex Food & Energy (MoM)(Jun)		0.1%	-0.46	0.2%	0.1%
08:30		USD	Producer Price Index ex Food & Energy (YoY)(Jun)		2.4%	-0.48	2.6%	2.8%

Jobless claims down.
PPI is down across the board.

dropping:

 

[Bird4um]

Any info on XRP? Big takeoff. Cleared by courts?

 

[Cmuri]

TTD to join Nasdaq 100

 

[Bird4um]

TTD to join Nasdaq 100

Thank god

Up 1700% on that puppy. Best holding.

 

[Bird4um]

XRP 61% TODAY

NOW 88%

 

[Cmuri]

XRP 61% TODAY

NOW 88%

I don’t own any Bitcoin but wow.

 

[SpikeUM]

Sold CAVA for a quick 37% in a week or 2. Let’s see how far it runs.

I once asked a billionaire what his investing advice was, and he said "no one ever lost money taking profit".

 

[SpikeUM]

From ML's Michael Hartnett, who full disclosure has been a bear

The Biggest Picture: past 12 months US government spent $6.7tn, up 14% YoY (Chart 2); FY'23 US federal deficit up staggering $1tn to $1.4tn from year before; tough to get recession when unemployment 3% & budget deficit 9% GDP; we say ’23 disinflation to prove “transitory,” real rates to rise & no <3% US yields without very “hard landing.”