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Zzen

Zzen

Potato del Grande
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Lightning Lord Rule said:
What, again? Fucking Janet.
Click to expand...

I’m just in a stonks shitposting mode because I’m long, and I’m trying to keep myself bullish.

I believe what was well received was that the Fed said that hiking aggressively now allows for flexibility later in the year. The implication being that future rate hikes might not be a given in H2.

I’ll leave the parsing of the minutes to the pro Jysin Jysin though 👍

edit: but for real, fuck your puts. We about to blast off motherfucker 🚀
 
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Jysin

Jysin

Ahn'Qiraj Raider
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Keep in mind, NVDA is going to weigh on markets big time. But we are setting up to break and hold this month long downward channel.

If NVDA misses, we can have a false break and .. look out below... however, if it holds up, we could get the first real bear market bounce.

SPY2.jpg
 
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Jysin

Jysin

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Fed minutes notes:

14:00 *(US) FOMC MAY MEETING MINUTES: MOST FED OFFICIALS BACK 50BPS HIKE AT NEXT COUPLE MEETINGS; ALL OFFICIALS SUPPORT PLAN TO BEGIN SHRINKING BALANCE SHEET
- All affirmed determination to restore price stability
- Many participants judged faster removal of policy accommodation would leave the Fed 'well-positioned' to assess later this year what further adjustments were needed
- All Fed participants agreed US economy was 'very strong,' labor market was 'extremely tight' and inflation was 'very high'
- Participants agreed Fed should 'expeditiously' move monetary policy toward a more neutral stance and that 'restrictive' stance on policy may well become appropriate
- Fed participants emphasized that they were 'highly attentive' to inflation risks and agreed those risks were skewed to the upside
 
Jysin

Jysin

Ahn'Qiraj Raider
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Read the Fed notes as nothing new, aside from hinting that a "pause" may be feasible after the 50bp moves of the next two meetings.
 
Furry

Furry

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<Gold Donor>
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Zzen said:
I’m trying to keep myself bullish.
Click to expand...
Lmao thanks for the gay bear porn. meanwhile I dunk maximum cash every second week into this shit. Crash and burn, don't fuck and care. I'M ALL IN.
 
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Jysin

Jysin

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Market seems to be digesting Fed the same as I. (slightly dovish chance to pause after next two 50bp moves)

The only thing to sink us tonight now is NVDA earnings. (SNAP dump 2.0)
 
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Zzen

Zzen

Potato del Grande
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Furry said:
Lmao thanks for the gay bear porn. meanwhile I dunk maximum cash every second week into this shit. Crash and burn, don't fuck and care. I'M ALL IN.
Click to expand...

One thing I did like about Reminisces was the idea of challenging yourself to look at the market another way.

I am pretty bearish by default, which I own. But it’s like Blazin Blazin said, “You can either be a 🏳️‍🌈🐻 and collect 0.6% interest in your Ally HYSA, or you can grab your fucking sack and make some tendies.”

Actually, he said something more eloquent about markets climbing a wall of worry, but my paraphrasing is how I took it.
 
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Furry

Furry

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Zzen said:
One thing I did like about Reminisces was the idea of challenging yourself to look at the market another way.

I am pretty bearish by default, which I own. But it’s like Blazin Blazin said, “You can either be a 🏳️‍🌈🐻 and collect 0.6% interest in your Ally HYSA, or you can grab your fucking sack and make some tendies.”

Actually, he said something more eloquent about markets climbing a wall of worry, but my paraphrasing is how I took it.
Click to expand...
Sheesh this all sounds like gay bear to me. Need a translator stat.
 
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Jysin

Jysin

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16:20 [NVDA] Reports Q1 $1.36 v $1.30e, Rev $8.29B v $8.12Be
- Guides Q2 Rev $8.1B +/- 2% v 8.39Be

Slightly lowered guide. Still moved the indexes
 
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Gravel

Gravel

Mr. Poopybutthole
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Jysin said:
Fed minutes notes:

14:00 *(US) FOMC MAY MEETING MINUTES: MOST FED OFFICIALS BACK 50BPS HIKE AT NEXT COUPLE MEETINGS; ALL OFFICIALS SUPPORT PLAN TO BEGIN SHRINKING BALANCE SHEET
- All affirmed determination to restore price stability
- Many participants judged faster removal of policy accommodation would leave the Fed 'well-positioned' to assess later this year what further adjustments were needed
- All Fed participants agreed US economy was 'very strong,' labor market was 'extremely tight' and inflation was 'very high'
- Participants agreed Fed should 'expeditiously' move monetary policy toward a more neutral stance and that 'restrictive' stance on policy may well become appropriate
- Fed participants emphasized that they were 'highly attentive' to inflation risks and agreed those risks were skewed to the upside
Click to expand...
Wait, they haven't started shrinking their balance sheet yet? I guess I missed that. Thought they were starting in like February or March.
 
Jysin

Jysin

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Looks like my bullish index thesis panned out today.

Somehow I am down 1.5k trying to short SNOW though. Can't fight the Cathie I guess.
 
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Sanrith Descartes

Sanrith Descartes

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Jysin said:
Looks like my bullish index thesis panned out today.

Somehow I am down 1.5k trying to short SNOW though. Can't fight the Cathie I guess.
Click to expand...
Yeah recession being a certainty at this point is driving ideas the Fed will now just ignore inflation and not raise or not raise as much. Buy! Buy! Buy!
Clown world.
 
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Sanrith Descartes

Sanrith Descartes

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Sold my INTC for a small gain. It was a bit of an impulse buy and realized it wasnt the right play.
 
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Furry

Furry

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Sanrith Descartes said:
QQQ back over $300 for the first time in almost a week and a half.
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So is this a dead cat bounce, or is it the end of the nearly two week recession? We had some two day recessions last year, not sure what to think about one that lasted this long.
 
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Sanrith Descartes

Sanrith Descartes

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Furry said:
So is this a dead cat bounce, or is it the end of the nearly two week recession? We had some two day recessions last year, not sure what to think about one that lasted this long.
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My guess is combo of people thinking the Fed is going to use the recession as an excuse to ignore inflation and shorts covering because they fear the Fed is going to use the recession as an excuse to ignore inflation.
 
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