He went too far - TOO FAR!
Europe abandons its plans - oil recoils.
Twitter drama continues...
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Warm Up
- Testing key psych levels - not coming up for air
- The Twitter saga continues - but what did you expect with Musk involved?
- Egg on Face
- Red is the New Green
- Hair Raising Charts today
- Maybe ????/ China Tariff News?
Market Update
- TAKING A BEATING - No Where to hide...
- The opposite of the wealth effect, now known as poverty effect ?
- Red is the New Green?
- Bad year's return this month
- Earnings outlook - somewhat lower estimates coming in
OMG OMG - Seriously - some of these stocks down 50% in past few days. (COIN, U, RBLX, UPST)
DONATIONS
Performance 2022 - OMG
Growth/Value
OMG - Another OMG
Cut in Half
Last One
Markets In Turmoil
Rivian Motors
- Amazon and Ford took big positions - Was good for a minute
- Selling off shares, taking stock down
- High $160 - Current <$25
Earnings Outlook
- Analysts had lowered their overall forecast for S&P 500 second-quarter profit growth to 5.6% from 6.8% at the start of April
- The full-year forecast has held at 8.8%
- BUT - The 2022 growth estimate, however, drops to about 5% without the energy sector's growth - a sizeable impact for a sector that accounts for just 4% of the S&P 500's market capitalization.
HORRIFIC
- GoodRX - Misses - stock chopped 39% in A/H
- Upstart - Guides down - stock down 42% in A/H (ATH $395 - now $ 46)
- Coinbase Global prelim Q1 ($1.96) vs $0.86 S&P Capital IQ Consensus Estimate; revs $1.17 bln vs $1.48 bln S&P Capital IQ Consensus Estimate
Do We Have To Talk About This?
- How Does Nuclear War Help Anyone?
- Testing - very timely....
- The Ilyushin II-80, dubbed the “Doomsday” plane, is a Russian-built aircraft with emergency strategic equipment built which is designed protect Putin from a nuclear attack.
- The aircraft has highly distinctive features including a windowless fuselage and an exaggerated radar detection dome on the roof of the cockpit. This is reportedly to prevent exposure to electromagnetic pulse (EMP).
- Domsday plane showcased in Military parade in Red Square
European - Russian Oil Ban
- EU reportedly abandons plans to ban Russian crude shipping after failing to lock down key partners to mirror the sanctions, according to FT
- How does that work
OH - And this....
- Japan will ban Russian crude oil imports "in principle," as part of a Group of Seven (G7) campaign to counter Russia's invasion of Ukraine, Prime Minister Fumio Kishida said after an online meeting of G7 leaders on Sunday.
China Lockdowns
- Locking down in Shanghai - not improving
- Bejing - Srtarting to close in
- Will China ever be out of COVID emergency?
Fed
- Boosted and Freaked Markets
- Took 0.75% off the table - so he said - market rejoiced
- One day later - Oooofah
- Fed fund futures are priced for rates reaching 1.75-2.0% in July, from the current 0.75-1.0%, and climbing all the way to around 3% by the end of the year.
- USD at 20 year high
- Crypto - crashes (so much for the hedge - thanks fellas!)
NEWS ALERT - Last Friday
- CNBC’s Jim Cramer said Friday that the Federal Reserve’s attempts to crush inflation by raising interest rates will also inevitably bring down “formerly high-flying stocks” – even those that are “legitimate” companies.
Double News Alert!
- Nothing done but..... Biden weighing reducing/lowering China tariffs to slow inflation
- NO F'Ing KIDDING! WORST THING EVER TO BEGIN WITH
Hone Kong "Election"
- Hong Kong's leader-in-waiting, John Lee, was endorsed for the city's top job on Sunday by a committee stacked with p...