Sanrith Descartes
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Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Jysin
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10:13 (US) Fed’s Brainard (vice chair): Right now very hard to see case for a pause, seeing some signals of strength on economy but also some signs of cooling - CNBC
- Too early to say but some signals suggest heading towards better balance in labor markets
- Acknowledges there is a fair amount of uncertainty out there
- There is a path to see demand cool and inflation come down
- Want to see consistent string of decelerating monthly core prints before I am confident we are moving back towards inflation goal
- We don't have ability to affect supply shocks
- Can see monetary policy transmission is working
- Market pricing for 50 bps hikes at next two meetings seem reasonable, but after that will have to see where data takes us
- Right now very hard to see case for a pause; We would respond to downside shocks accordingly but there would be risks
- QT might be worth 2-3 fed funds rate hikes
- Mixed picture on housing for sure, watching prices very closely
- Expect to seeing slowing growth abroad
- Look at overall tightening in financial conditions not one specific measure to guide us as it pertains to the US dollar
- Too early to say but some signals suggest heading towards better balance in labor markets
- Acknowledges there is a fair amount of uncertainty out there
- There is a path to see demand cool and inflation come down
- Want to see consistent string of decelerating monthly core prints before I am confident we are moving back towards inflation goal
- We don't have ability to affect supply shocks
- Can see monetary policy transmission is working
- Market pricing for 50 bps hikes at next two meetings seem reasonable, but after that will have to see where data takes us
- Right now very hard to see case for a pause; We would respond to downside shocks accordingly but there would be risks
- QT might be worth 2-3 fed funds rate hikes
- Mixed picture on housing for sure, watching prices very closely
- Expect to seeing slowing growth abroad
- Look at overall tightening in financial conditions not one specific measure to guide us as it pertains to the US dollar
Mist
REEEEeyore
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The more this goes on the more it just feels like all the masters got together and decided: "Middle class actually feeling comfortable enough to retire at a reasonable age instead of working themselves into the grave, time to pop this bubble we've been creating for years."
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Sanrith Descartes
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I think the Fed speakers are all coordinated to enact the "soft landing" they are praying for. When the markets get a little upward traction they rush out to spew shit to push it back down.
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Jysin
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In fairness, the market had some strength the first 40minutes. Despite the lows it kept making, the 5min charts were consistently putting in big bottom wicks (low prices kept being bought up). Brainard's comments pushed us to basically double bottom SPY from yesterday and we have bounced back grinding higher since. Fairly strong buyers are here today. We need to break over and hold ~415 SPY though to get another leg higher. Anything between this 407-415 level, I basically am considering as constructive consolidation.
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Jysin
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Me two days ago:
12:02 (US) White House adviser Ramamurti: Administration has considered congressional proposal to tax oil and gas windfall profits
Like clockwork:
12:02 (US) White House adviser Ramamurti: Administration has considered congressional proposal to tax oil and gas windfall profits
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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SPIR +52% in the last week or so. No, I have zero idea why. Maybe the shorts have found a better target. I am not complaining mind you.
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OU Ariakas
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It's like these fucking retards don't understand what happens to investors (regular and institutional) when you start arbitrarily taxing whole sectors because they dared to make more of a profit than someone slapdicked politician who has never had a real job thinks is fair. Where are the taxes on social media companies windfall profits from the COVID lockdown?
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Sanrith Descartes
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Zzen
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Mist
REEEEeyore
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I was talking about the economy, not the stock market.Get in faggots, we’re going to the moon.
Even you,