Off-Topic Stock Market & Crypto Discussion

10:00 USD CB Consumer Confidence (Aug) 103.3 100.9 101.9
Consumer confidence up
 
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I may install meter readers at all of mine. I know one guest is charging his EV. At worst, I put it in my agreement that any excessive electrical use will result in cancellation and trespassing charges.

So crazy! Didn’t even think of all extra electric use
 
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This is dubious on so many levels....

FED vs Median Sales Price.
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FED vs % change in SP500... you could be right if the last 40 years continue to hold true

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08:30 USD Continuing Jobless Claims 1,868K 1,870K 1,855K
08:30 USD Core PCE Prices (Q2) 2.80% 2.90% 3.70%
08:30 USD Corporate Profits (QoQ) (Q2) 1.7% -2.7%
08:30 USD GDP (QoQ) (Q2) 3.0% 2.8% 1.4%
08:30 USD GDP Price Index (QoQ) (Q2) 2.5% 2.3% 3.1%
08:30 USD GDP Sales (Q2) 2.2% 2.0% 1.8%
08:30 USD Goods Trade Balance (Jul) -102.66B -97.70B -96.56B
08:30 USD Initial Jobless Claims 231K 232K 233K
08:30 USD Jobless Claims 4-Week Avg. 231.50K 236.25K
08:30 USD PCE Prices (Q2) 2.5% 2.6% 3.4%
08:30 USD Real Consumer Spending (Q2) 2.9% 2.3% 1.5%
08:30 USD Retail Inventories Ex Auto (Jul) 0.5% 0.3%
08:30 USD Wholesale Inventories (MoM) 0.3% 0.2%

GDP up*
Initial Jobless claims down*
Personal consumption expenditures down
Consumer spending up
Strong numbers
 
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But stock down after market
Still parabolic numbers. Investors may feel they went up too far too fast, but it’s irrelevant because demand and supply will raise the stock price in the future.
Jmo
PS…NVDA down, but all its customers are up.
 
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08:30 USD Core PCE Price Index (YoY) (Jul) 2.6% 2.7% 2.6%
08:30 USD Core PCE Price Index (MoM) (Jul) 0.2% 0.2% 0.2%
08:30 USD PCE Price index (YoY) (Jul) 2.5% 2.6% 2.5%
08:30 USD PCE price index (MoM) (Jul) 0.2% 0.2% 0.1%
08:30 USD Personal Income (MoM) (Jul) 0.3% 0.2% 0.2%
08:30 USD Personal Spending (MoM) (Jul) 0.5% 0.5% 0.3%
08:30 USD Real Personal Consumption (MoM) (Jul) 0.4% 0.3%

Pretty much as expected..Fed needs to move
PCE MoM 0.2…on mark
PCE YoY 2.5…lowest since 2021
personal income up slightly
 
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Mortgage rates coming down nicely.

Someone here loves this. HA

In all seriousness, I'm interested to see if we get into the 3s this cycle or if they have to stop cutting due to inflation. Do they have to start adding MBS to their balance sheet or will banks, funds, wall street even want to buy loans at 3-4%.
 
Someone here loves this. HA

In all seriousness, I'm interested to see if we get into the 3s this cycle or if they have to stop cutting due to inflation. Do they have to start adding MBS to their balance sheet or will banks, funds, wall street even want to buy loans at 3-4%.
Closing on my house at the end of the month. Haven’t pulled my money out yet from the market but I’ve been feeling like the fed the past 2 months.

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