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Sentiment is shit and should be shit. The home sales, I believe, is a sign of people trying to front run the next inflation wave. M2 supply still cranked, pausing Balance Sheet runoff, Fed about to join the rest of the central banks in rate cuts, $2k stimulus checks being written up... There...

Double decker taco!!

The trade the news wire on that exact headline was it was being pushed back by Repubs for rework.

Jesus fucking Christ. I’m moving the family stateside next year and the cost of healthcare is insane. I could get a top tier Cigna UK private plan for me, wife and kid for under $5k USD. Zero deductibles, the works. $30k+ in the US? What in the actual fuck?

Home prices are the problem because it also is directly correlated with property taxes and insurance. Lowering rates helps a touch, but overpaying on house price locks you in to high taxes and insurance for life. All of these pressures need to be factored into the affordability equation.

New lows 81.5k. Fwiw, NVDA falling off a cliff too. -3%

Bitcoin spike down to 82k. Bounced a bit. Quite the volume on that clear liquidation.

As if today wasn't busy enough, Japan commentary hitting the wires about a Yen intervention. In Asia, Japan may be closer to intervening in the currency market than many investors assume. Prime Minister Sanae Takaichi’s pro-stimulus policies might deter the Bank of Japan from hiking its...

Tech outflows the last 4 weeks are the greatest of all time since records began. Yowza.

This one boggles the mind. Doing my own dilligence. Seems like a recycled headline from Nov 10th:

NVDA continuing the bleed here after hours. Given up the 100D MA as well.

Ummm

No doubt. MSTR just going to continue share issuance diluting your position. Go with the Bitcoin ETF FBTC (Fidelity self custodies their Bitcoins) and sleep well at night.

SPY Gamma on close. Pretty bearish positioning.

Has he ever been this levered though?

QQQ 100D MA here. edit: SPY 100D too edit: NVDA 100D

If we get to 77k, I can see a big effort to force some Strategy selling of their Bitcoin positions. Which leads me to believe lower as well. Got plenty of dry powder waiting for that opportunity.

Pinch of salt... 14:19 Bitmine Immersion Tech Chairman Tom Lee: Might be nearing low in Strategy as large Bitcoin portfolios are using short positions in MSTR stock to hedge their Bitcoin exposure - CNBC - See 77K as potential floor in Bitcoin - Bitcoin has been a leading indicator for stock...

Not a healthy economy:

S&P -5.2% from highs. QQQ -7.8% from highs and into the Oct lows as well as it's 100D MA.

I was pretty bearish on NVDA prior to the AI hype train. We were coming out of covid lockdowns, everyone had updated GPUs for PCs on stimmy money (prolonged a future purchase cycle). Tech was selling off into 2022 and Bitcoin miners were vanishing following the Bitcoin price collapse. I saw no...

Just have to love analysts. In the premarket hype we got this gem: 08:59 NVDA Evercore ISI Institutional Equities Reiterates NVDA with Outperform, price target: $352 - Source TradeTheNews.com

I took my FBTC at 87k. Much bigger buy if we get to 75k

SPXL or pure SPY? How much conviction?

Important to note, SPY October lows line up nearly identical to the 100D MA right now. 652.75'ish Might be a great level to put in some longs. Especially as we are in single digit Extreme Fear in the market.

Ironically, UNH holding green here in the carnage today.

Jimbo does it again!

I think Bitcoin failing is dragging everything down. ~$87k

This cut still feeling good. Hasn't really moved up with today's broader rally.

I know @Blazin has rightfully discussed the ramifications of such a scenario. The risk for societal upheaval rises as we continue decimating the middle and lower class while the wealthy sit blissfully unaware in their comfortable bubbles. As greedy as I would like to see my portfolio continue to...

Some sage advice: Bad news is now "good news" for stocks: As the US unemployment rate surges to 4.4%, its highest in 4 years, stock market futures are surging. Why is this happening? The reality is that the Fed is being forced to cut interest rates into one of the strongest stock markets of...

Someone tell Burry his short is about to go green.

NVDA Reports Q3 $1.30 (adj ex-H20) v $1.24e, Rev $57.01B v $54.7Be - Guides Q4 Rev $65.0B +/- 2% v $60.3Be - Guides Q4 NG gross margin 75.0% v 74.1%e - Data Center Rev $51.2B v $49.1Be, +25% q/q, +66% y/y - Comments: “Blackwell sales are off the charts, and cloud GPUs are sold out,” said...

I am by no means a housing expert, but I am in this camp here. Why deal with that mess? Take the cash from the sale and invest it and move on with your life.

Annual reminder for those of you who appreciate premium charting software:

A follow up note on that $1T investment promise from the Saudis:

This sums it up nicely. Current situation: 1. The US is preparing $2,000 stimulus checks 2. Japan is preparing a $110 billion stimulus package 3. China has approved a $1.4 trillion stimulus package 4. The Fed is officially ending QT on December 1st 5. The US is issuing~$1.9 trillion in...