Investing General Discussion

Furry

Furry

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2 rate hikes by the end of 2023 sounds perfectly reasonable, tbh. But I guess we're in a world where the FED has trained people to expect them to be perfectly unreasonable.
 
Flobee

Flobee

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Furry said:
2 rate hikes by the end of 2023 sounds perfectly reasonable, tbh. But I guess we're in a world where the FED has trained people to expect them to be perfectly unreasonable.
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They'll never meaningfully hike rates lol. Will always be next year
 
Lightning Lord Rule

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Blazin said:
I'm seeing some weakening data points under the hood but nothing overly alarming yet. This afternoon and how we finish the week is likely to tell us a lot. There could be some violent rotations but overall signs point to up. QQQ could just push us higher hitting the 350+ Range, which should have SPY 430+ . Probability appears to be increasing that we see SPX 4500 by summers end.
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So what do you think the events of the afternoon told us about the next few months? My (un)expert reading of it is that the overall market (DJIA, NASDAQ, S&P) only dropped less than .75% on news of possible interest rate hikes in the next 2 years -basically a non-announcement of a non-event- and that your assessment of a general yet moderate (~5%) rise is correct.

Fingers crossed anyway...
 
Blazin

Blazin

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Lightning Lord Rule said:
So what do you think the events of the afternoon told us about the next few months? My (un)expert reading of it is that the overall market (DJIA, NASDAQ, S&P) only dropped less than .75% on news of possible interest rate hikes in the next 2 years -basically a non-announcement of a non-event- and that your assessment of a general yet moderate (~5%) rise is correct.

Fingers crossed anyway...
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no real change. It went as expected, so I see continuing higher and a lot of sideways grind.
 
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Borzak

Borzak

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Only thing looking green is the Euro to the dollar, imagine that.
 
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Blazin

Blazin

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Fogel said:
Lol what a fucking joke this has become. FDA approval that goes against advisory council, and now Biogen themselves suspends the drug

www.marketwatch.com

Biogen halts development of antibody drug aimed at Alzheimer's

Shares of Biogen Inc. fell nearly 1% in the extended session after the pharma company said it will halt the development of an antibody drug aimed at treating...
www.marketwatch.com www.marketwatch.com
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There are two drugs, people are getting confused. (haha get it) Aduhelm is the drug that market got excited about, this halt is of Gosuranenab, which did not have FDA approval. THe headline was written to get clicks so that people will think what you just did.
 
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Sanrith Descartes

Sanrith Descartes

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For anyone looking for something to buy in an over-priced market, BABA is down at the intermediate support level. Yesterday low was $208.23, close was $209.32 and final support is at $206.02

Any down movement should bounce around 1% down from the close yesterday. Do your own DD. It is BABA and it is China. Jack Ma swears he isnt in a Gulag or re-education camp.

1623934572139.png
 
Sanrith Descartes

Sanrith Descartes

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DIS

CHESSY, France, June 17 (Reuters) - The Disneyland Paris theme park opened to visitors on Thursday after being shuttered for nearly eight months during the pandemic, but safety measures were in force to stop the virus spreading.
 
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