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Off-Topic Stock Market & Crypto Discussion

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USDCore Personal Consumption Expenditures - Price Index (MoM)(Sep)
0.3% 0.000.3% 0.1%
08:30
USDCore Personal Consumption Expenditures - Price Index (YoY)(Sep)
3.7% 0.003.7% 3.8%
08:30
USDPersonal Consumption Expenditures - Price Index (MoM)(Sep)
0.4% 0.450.3% 0.4%
08:30
USDPersonal Consumption Expenditures - Price Index (YoY)(Sep)
3.4% 0.003.4% 3.4%
08:30
USDPersonal Income (MoM)(Sep)
--0.4% 0.4%
08:30
USDPersonal Spending(Sep)
0.7% 1.160.5% 0.4%

PCE - personal consumption YoY and MoM pretty much as expected.
personal spending up. As we saw with a very high GDP number.
 
SpikeUM said:
Spent much of the afternoon between 4115-4120, the Fibonacci level. So is this bottom or do we have another (large) leg down?
Click to expand...
gene hackman flip a coin GIF
 
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TheEye said:
gene hackman flip a coin GIF
Click to expand...
the Fed is holding rates.
the economy is strong
oil dropping
big earnings this week

Sept 20 (Reuters) - BofA Global Research said on Wednesday it expects the S&P 500 (. SPX) to end 2023 nearly 7% higher than it previously forecast, and that "old economy" stocks on the blue-chip index could benefit as much, if not more, over their new-age tech peers.
I don’t think the debt is affecting the stock market. opinions are like azzholes. They all stink.
 
Last edited:
mr.h said:
the Fed is holding rates.
the economy is strong
oil dropping
big earnings this week

Sept 20 (Reuters) - BofA Global Research said on Wednesday it expects the S&P 500 (. SPX) to end 2023 nearly 7% higher than it previously forecast, and that "old economy" stocks on the blue-chip index could benefit as much, if not more, over their new-age tech peers.
I don’t think the debt is affecting the stock market. opinions are like azzholes. They all stink.
Click to expand...
The prediction is…the market will go up from here…or down from here! In other words…coin flip.
 
Dang. Cryptical Envelopment got banned. NLY is at an all time low but yielding 17.5% in annual div!
 
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TheEye said:
Dang. Cryptical Envelopment got banned. NLY is at an all time low but yielding 17.5% in annual div!
Click to expand...
What are they at? I owned them years ago - pre split 10$. Sold that after no one was paying rent, and everyone leaving NY.
 
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09:45USDS&P Global Manufacturing PMI(Oct) 500.005050
10:00USDConstruction Spending (MoM)(Sep) 0.4% 0.000.4% 1%
10:00USDISM Manufacturing Employment Index(Oct) 46.8-1.3050.351.2
10:00USDISM Manufacturing New Orders Index(Oct) 45.5--49.2
10:00USDISM Manufacturing PMI(Oct) *****46.7-2.694949
10:00USDISM Manufacturing Prices Paid(Oct) 45.10.1344.543.8
10:00USDJOLTS Job Openings(Sep) 9.553M0.559.25M9.497M
ISM MAN. PMI down.
 
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Yahoo news
Powell signaled in a speech at the Economic Club of New York last month the central bank could hold rates steady at its November policy meeting. The Fed chair also warned, however, that inflation was still too high and more rate increases are still possible if the economy stays surprisingly hot.

"Given the uncertainties and risks, and how far we have come, the Committee is proceeding carefully," Powell said.

Officials are now trying to determine whether they've raised rates enough that holding them at these levels for sometime would bring inflation back to target.

Words matter…lol
 

You too can be a stock analyst!!!!​

UBS Adjusts Exxon Mobil Price Target to $142 From $143, Maintains Buy Rating​

 
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