Not Your Advisor

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Twitter: nyugradsubstack

The world awaits $GOOGL $MSFT $META and #FOMC Wednesday.

Don’t forget the Fulton vs Inoua match Tue 8am EST.

Here are some photos from East River. Really a great day to take a half day off.

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

On Saturday one of my tweets went viral. And I want to to thank you again for subscribing to my Substack and twitter: nyugradsubstack.

Below is the content that I tweeted that has over 100k+ impressions over the weekend. I want to thank Danielle DiMartino Booth from Q.I. Research and Craig Fuller from Freight Weight.

Knight-Swift Reports 71% Earnings Drop for Q2 $KNX

@DiMartinoBooth has been alerting everyone on "destocking". here is another proof point...

CEO David Jackson said during a call with investors. “I don’t know that we’ve ever seen freight demand fall this far so fast and for so long without an accompanying economic #recession.”

Something fun to look forward to if you like combat sports. Main card should start around 8am NYC time Tuesday on ESPN+. Both undefeated.

I am skipping “EP Thirteen” to ward off any bad luck.

Friday action was muted. A calm before the storm maybe? But at 3pm breadth kicked into gear south. And Russell 2k lead down all day. $AAPL and Magnificent 7 were being distributed all day.

Look at the divergence on $AAPL via RSI and MACD. This is how you sell the largest position in the galaxy. Consistently and before anyone realizes.

Breadth

272 new highs

73 new lows

46% advancing 48% advancing

What stuck out?

Consumer Credit is getting maxed out. Below is a clip by Lending Club CEO touting their TAM (Total Addressable Market) from data showing maxed out consumer debt and record high revolving credit interest rates.

Here is the interest the government and we are paying on the national debt. This is not sustainable for a country or global reserve currency.

What to watch

Earnings

Fomc

Slew of data

10 YR / USD / BONDS /OIL

Friday 3:08 PM Charts below. You can see the selling pressure.

After hours #WSB reddit #yolo crew buying $AMC

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"Over just a few months, ChatGPT went from correctly answering a simple math problem 98% of the time to just 2%, study finds"

…researchers found that in March GPT-4 was able to correctly identify that the number 17077 is a prime number 97.6% of the times it was asked. But just three months later, its accuracy plummeted to a lowly 2.4%.

Source: Stanford University

$DHI market share of sold/close homes in AmericaSource: Slides from DR Horton

Gallery of Home builder stocks

Reports of Russia bombing grain silos in Ukraine

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

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Here are some of my photos I took from the boat heading south on the Hudson River today.

Yield curve worse than 1929 and 2008 (Game of Trades)

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

Morgan Stanley, Charles Schwab, BofA all report great earnings. Will Goldman live up? Microsoft is going on the A.I offensive by introducing "CoPilot" for $30 per user per month. Very bullish action covered in under 15 minutes!

Subscribe at nyugrad.substack.comtwitter: nyugradsubstack

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Here is the ES losing 50% of the days gains in last 30 minutes!

One company I forgot to cover is Pfizer $PFE It is now breaking the longterm trend line from 1977!!!

Richmont Group was down 10%. Here are their brands:

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

On this episode I quickly cover a muted Friday session, breadth, healthcare leadership, Consumer Buy Now Pay later, Sixflags, Disney and what to watch next week. Huge thank you to Doomberg for promoting the podcast and welcome to all the new listeners.

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

Listen on iTunes and Spotify

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

below as of Jul 13, 2023 at 9:45pm NY

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

Apologies for my voice which sounds like I was pinching my nose. 101 Fever be damned, I am going to create content!

Financial Freedom is not free but the pursuit is worth the treasure. Building a community with that goal. Let's go get it!

Here is $AAPL vs the broader indices early in the day. It was again for 2nd straight day an anchor for Tom Lee and the bulls.

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Substack regard to NASDAQ 100 Rebalancing

I misspoke and noted it was S&P 500. Which also should be re-balanced too eventually.

Source NerdWallet