Sanrith Descartes
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Investing General Discussion
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Sanrith Descartes
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And her comes the plunge on the unemployment news because any news equals bad news. In this case good job numbers = more inflation = rate hikes = sell, sell, sell.
We are now in the opposite of last year when any news meant buy, buy, buy (because the Fed printing press goes brrrrrr).
We are now in the opposite of last year when any news meant buy, buy, buy (because the Fed printing press goes brrrrrr).
Jysin
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I dont trust the upswing today, on a Friday of all days. As
Sanrith Descartes
said, the employment numbers means inflation. 10yr yield already spiked on the news, which is typically downward pressure on the markets. Buyer beware.
Sanrith Descartes
said, the employment numbers means inflation. 10yr yield already spiked on the news, which is typically downward pressure on the markets. Buyer beware.- 1
Sanrith Descartes
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Sanrith Descartes
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Watch for the headfake in the first 30 minutes of trading. I have zero faith in the open telling us how the rest of the day will look.I dont trust the upswing today, on a Friday of all days. As
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Blazin
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The reversal from the initial reaction to jobs report may be a signal that we are close to a bottom. Market has been a difficult read, the explosive up trade Monday followed by the last few days is not typical. If we rally today we could even end the week flat, and from that perspective it's a lot of emotion and roll coaster but until the evidence shows otherwise I think it is just a healthy correction. Interest rates are just the excuse, the nominal rate is not a threat to the trend at this level.
I see the setup for the push over 4000 for the S&P materials, energy and financials can now tread water and if Tech rallies we are going to blow past the previous high.
I see the setup for the push over 4000 for the S&P materials, energy and financials can now tread water and if Tech rallies we are going to blow past the previous high.
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Tmac
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The only thing I'm in regarding materials is DNN. Anything else I should consider?The reversal from the initial reaction to jobs report may be a signal that we are close to a bottom. Market has been a difficult read, the explosive up trade Monday followed by the last few days is not typical. If we rally today we could even end the week flat, and from that perspective it's a lot of emotion and roll coaster but until the evidence shows otherwise I think it is just a healthy correction. Interest rates are just the excuse, the nominal rate is not a threat to the trend at this level.
I see the setup for the push over 4000 for the S&P materials, energy and financials can now tread water and if Tech rallies we are going to blow past the previous high.
Blazin
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CLF? Very volatile, positioned well, recently corrected.
Overall I find these material stocks to be debt laden low margin but we are entering a part of the economic cycle where they do well.
Tmac
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Do you think it'll continue through the levels of resistance and buy for < 12.89 or do you think it's a good buy as it stands at 13.08? Or does it not matter?
Sanrith Descartes
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This pop at the open might give some folks an opportunity to escape a bad trade with limited or no damage. Not that i am giving advice, but it might be a good time examine your open trades and see if there is something worth cutting bait on the opening bump.
Tmac
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Furry
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TBH i'm not worried about the now much. A 40% loss will put me back on track with my retirement plan, and even that only calls for 20k invested and 6% returns.
I won't need any of this money for 15 years, and even then I'll only need 3.5% of it, or whatever the SEPP calculation comes out to. So in money goes.
I won't need any of this money for 15 years, and even then I'll only need 3.5% of it, or whatever the SEPP calculation comes out to. So in money goes.
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Sanrith Descartes
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Sanrith Descartes
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People are realizing that 7% dividend yield on T isnt looking so shitty anymore. Its catching a lot of bids.
Sanrith Descartes
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Furry
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