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Asshat Foler

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Sad I missed the PLTR train when yall were talking about it long ago. Seems like it would have been a decent long hold. I guess it’s not too late to jump in.
 

Asshat Foler

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How are we all feeling going into this week? Thinking the running of the bulls will continue?
 

Tirant

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I’m pretty neutral. Let my sold calls get executed last week (Amzn and crwd) but holding onto my other positions.
Next 6 weeks could be volatile with the election coming up so I just wanna have some position to sell if it vols up and cash to buy if it vols down.
 

rectifryer

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It is going to be an interesting next few months.

View attachment 547115

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains skeptical about a soft landing in the US following the Federal Reserve’s first rate cut in more than four years — and said he wouldn’t “count my eggs” on that outcome.

“I am a little more skeptical than other people. I give it lower odds,” he said at The Atlantic Festival event in Washington on Friday. “I hope its true, but I’m also more skeptical that inflation is going to go away so easily, not because it hasn’t come down — it has — and it can come down more.”

The rate cut will have almost no effect on the presidential election, the CEO of the biggest US bank added, when asked if there would be an impact.

The Federal Reserve cut its benchmark interest rate by half a percentage point Wednesday in a policy shift aimed at engineering a so-called soft landing. Ahead of the decision, Dimon said that whether they lowered them by 25 or 50 basis points, it wouldn’t be “earth-shattering.”

The longtime CEO has been warning for over a year that inflation could be stickier than investors expect, citing drivers including deficit spending and the “remilitarization of the world.” He wrote in his annual shareholder letter in April that JPMorgan is prepared for interest rates ranging from 2% to 8% or more.

“I wouldn’t count my eggs,” on the soft-landing outcome, Dimon said. “We may have gone from a lower rate, lower inflation, to a slightly higher rate, higher inflation. Down the road, whatever it is, we’ll deal with it. Economists are used to dealing with that. It’s not a disaster.”
Robinhood is declaring it a soft landing LMAO. We're crossing the threshold of "soft landing" on the way to recession, so corpomedia is throwing up their flags and declaring victory while they can. This knife will keep falling and they need blood for the blood god.

However, AI is a real phenomenon. It is powerful and that genie is not going back in the bag. It is equivalent to Adsense if not more so. If not for that and cheap money, this market would have already shit itself. I don't think it can keep carrying it, however, and neither does the fed hence the interest rate drops. The fed is famously late to these types of parties, so I am extremely suspicious about declarations of victory with so many red lights glaring, and sirens blaring. Jobs are crap, consumers have no money, consumer debt has reached max opportunity, and investors are pulling out of real estate very fast.

I was looking at stocks that go up during recessions, but some have dropped 50% like dollar general. Apparently Walmart is undercutting them.

 
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Sanrith Descartes

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Can someone explain the draw to PLTR? Just looks like a hype vector.
Julian Bond Day GIF
 
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Flobee

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Can someone explain the draw to PLTR? Just looks like a hype vector.
Gov contracts ($ printer), spying as a business model, positioned to benefit from either side winning politically this year. Hard too see them do anything but grow imo
 
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Sanrith Descartes

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X-posting this. I'm pretty sure I read someplace this doesn't happen if your economy is "strong and vibrant".

 
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Palum

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So I remember from macro if the US does it it's good if China does it it's bad.
 
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rectifryer

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I get why a tyrannical commie state would manipulate their currency, that's not surprising. Are they doing well? I don't think they really care about points on the board like international businessmen do. They CLEARLY prioritize assets, resources, and production.

Conversely, the USA will "compound leverage" tf outta the market while being a "service based economy." That is just a pyramid scheme.

Anyways, still ways to make money in a pyramid scheme hence why we are all investing. In America, money literally equals time and nothing else. We're all paying off our indentured servitude.
 
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Palum

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I get why a tyrannical commie state would manipulate their currency, that's not surprising. Are they doing well? I don't think they really care about points on the board like international businessmen do. They CLEARLY prioritize assets, resources, and production.

Conversely, the USA will "compound leverage" tf outta the market while being a "service based economy." That is just a pyramid scheme.

Anyways, still ways to make money in a pyramid scheme hence why we are all investing. In America, money literally equals time and nothing else. We're all paying off our indentured servitude.
Right, I don't understand the difference when the government offers near zero interest for years and years, bailouts and others subsidies and incentives constantly and the beneficiaries often conduct stock buybacks routinely. What's the difference except being direct.
 
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Sanrith Descartes

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HD hit a new 52-high. About 5% below its all-time high. Investors predicting housing to jump on rate cuts?