Off-Topic Stock Market & Crypto Discussion

[mr.h]

Inflation reports this week….
I expect inflation to have risen fractionally. Nothing goes straight up or down.
I’m hoping Trump’s economic policies energize the stock market with deregulation and tax cuts….We’ll see.

 

[Tony4Canes]

 

[Tony4Canes]

 

[Tony4Canes]

Crazy

How many days until $100k

 

[Cmuri]

Tesla with the Elon rocketship. What a week.

 

[mr.h]

WEDNESDAY, NOVEMBER 13
9:30 AM
USD Consumer Price Index (MoM) (Oct)
0.2% 0.00 0.2% 0.2%
9:30 AM
USD Consumer Price Index (YoY) (Oct)
2.6% 0.00 2.6% 2.4%
9:30 AM
USD Consumer Price Index Core s.a (Oct)
321.67 - - 320.76
9:30 AM
USD Consumer Price Index ex Food & Energy (MoM) (Oct)
0.3% 0.00 0.3% 0.3%
9:30 AM
USD Consumer Price Index ex Food & Energy (YoY) (Oct)
3.3% 0.00 3.3% 3.3%
9:30 AM
USD Consumer Price Index n.s.a (MoM) (Oct)
315.664 0.24 315.59 315.301

The latest data from the Bureau of Labor Statistics released Wednesday morning showed that the Consumer Price Index (CPI) increased 2.6% over the prior year in October, a slight uptick from September's 2.4% annual gain in prices. The yearly increase matched economist expectations.

The index rose 0.2% over the previous month, matching the increase seen in September and also on par with economist estimates.

 

[JD08]

 

[mr.h]

Amazon hits record high launching a discount focused e-commerce service ..

 

[TheEye]

Soon

 

[mr.h]

9:30 AM
USD Continuing Jobless Claims (Nov 1) TRADE NOW
1.873M -0.35 1.88M 1.884M
9:30 AM
USD Initial Jobless Claims (Nov 8) TRADE NOW
217K -0.35 223K 221K
9:30 AM
USD Initial Jobless Claims 4-week average (Nov 8)
221K - - 227.25K
9:30 AM
USD Producer Price Index (MoM) (Oct)
0.2% 0.00 0.2% 0.1%
9:30 AM
USD Producer Price Index (YoY) (Oct) TRADE NOW
2.4% 0.46 2.3% 1.8%
9:30 AM
USD Producer Price Index ex Food & Energy (MoM) (Oct)
0.3% 0.00 0.3% 0.2%
9:30 AM
USD Producer Price Index ex Food & Energy (YoY) (Oct) TRADE NOW
3.1% 0.37 3% 2.8%

Jobless claims down
PPI a monthly as expected
YoY up
PPI ex food and energy monthly as expected
YoY up
Basically commodity inflation up fractionally. All up from last month.

 

[mr.h]

9:30 AM
USD NY Empire State Manufacturing Index (Nov) TRADE NOW
31.2 3.38 -0.7 -11.9
9:30 AM
USD Retail Sales (MoM) (Oct) TRADE NOW
0.4% 0.35 0.3% 0.8%
9:30 AM
USD Retail Sales Control Group (Oct)
-0.1% - - 1.2%
9:30 AM
USD Retail Sales ex Autos (MoM) (Oct) TRADE NOW
0.1% -0.74 0.3% 0.5
USD Export Price Index (MoM) (Oct) TRADE NOW
0.8% 1.83 -0.1% -0.7%
9:30 AM
USD Export Price Index (YoY) (Oct)
-0.1% - - -2.1%
9:30 AM
USD Import Price Index (MoM) (Oct) TRADE NOW
0.3% 1.73 -0.1% -0.4%
9:30 AM
USD Import Price Index (YoY) (Oct)
0.8% - - -0.1%

Empire manufacturing at highest level since 2021***
Retail sales MoM up
Retail sails MoM ex autos down
Import / export prices higher
Powell..inflation down from peak, strong jobs, strong economy. Not in a rush to cut rates, but rates need to come down. Still wants rates down to 2%?

 

[TheEye]

 

[Tony4Canes]

 

[SpikeUM]

He's been pretty worthless, so thats a positive.

 

[mr.h]

A lot of uncertainties with Powell’s talk about rate cuts, Trump’s economic policies and some of Trump’s political picks…..jmo

 

[Cmuri]

Tesla up in the overnight. 5% up

 

[Cmuri]

Nunes might get a chance to unveil the naked shorting going on with DJT.

 

[mr.h]

only good news heading into NVDA earnings, yet the stock is retracing..? Thoughts?
A beat will propel tech..

 

[mr.h]

GOLDMAN SACS SEES S&P HITTING 6500 in 2025

Another Wall Street strategist sees the S&P 500 (^GSPC) gaining by a double-digit percentage over the next year.

On Monday night, Goldman Sachs chief US equity strategist David Kostin initiated a 2025 year-end S&P 500 target of 6,500, representing about an 11% gain in the benchmark index from current levels. The call falls in line with the 6,500 projection Morgan Stanley made the day prior and just shy of BMO Capital Markets' 2025 year-end target of 6,700.

"In our baseline macro outlook, the economy and earnings continue to grow and bond yields remain around current levels," Kostin wrote. "But event risk remains high heading into 2025, including from the potential threat of an across-the-board tariff and the potential risk from even higher bond yields."


*NVIDIA tomorrow..high demand for Blackwell chip…5X faster and 25X more efficient. Chips can be stacked to be made faster.
On the downside there are issues of overheating…
this could swing the mkt. in either direction..

*WMT Beats…
Walmart reported sales of $169.6 billion, beating estimates, with adjusted EPS of $0.58 and global eCommerce sales up 27%.

The company raised FY25 guidance for adjusted EPS to $2.42-$2.47 and sales growth to 4.8%-5.1%, citing strong U.S. performance.

 

[Tony4Canes]

$100k today or tomorrow??