Down goes the Dow

An actual recession was never in the cards as long as unemployment was 3.xx%. Recent layoffs in tech might boost that up, but let's not forget that 5% is (or was at least) considered full employment.

FINALLY a good inflation number

stocks up 2-3%

Of course they fell 2% yesterday, but still. A good inflation number is key to continuing this rally.

Silly me. I thought buying a stock that would go up in price ($141 pre-market, +17%) was a good thing. Who knew?

I would use market strength to lower exposure to mega cap tech. Or, short the same.

More like 3% plus (4% plus on NASDAQ).

7.7% inflation is a "good" number.

The system is insane

In the past the scenario that might have returned the most from the stock market is when inflation is high but falling. And here we are.

zoom zoom.

3% up moves EMD and FAX on weaker dollar.

so...now...decisions to be made.

the correct trade has been, for a year, to sell tech and EM and buy short term bonds and value.

now that inflation and interest rates have probably peaked, do we shift back to EM and tech?

this is tough. I'll probably keep my value bent. Not sure about EM. A weaker dollar will help those stocks and lord knows they have been pummeled beyond recognition. Which is usually a good time to buy if you have patience. But man they have stunk.

Three words:

Less. Than. Expected.

Stocks only go up

Three words:

Less. Than. Expected.

Stocks only go up

ol' racketonovich is so excited about the rally he keeps hitting enter 2 or 3 times. And I'm feeling that spirit.

On the same day the Dems win the senate, inflation shows signs of having peaked and the market is up four bloody percent.

I'm going have one of those fancy Mexican soft drinks to celebrate. Jarritos. Really good. And go for a long glorious run this PM of course.

EMD performing like mega cap. Calling iLOL, are you there?

Geez

ARK Innovation ETF (ARKK)

36.54+3.97 (+12.20%)

As of 10:15AM EST. Market open.

Not in it currently, but I would say begin to accumulate SARK.

Holy Cow.

I am getting massacred.

DEspite my top 3 stocks being up 2.37%, 5.8% and 6.6% and all my smaller stocks being up from 2.8% to over 11%, my biggest non fixed income ETF is down 11% and I am having by far my worse day this year.

Down $20k,

Over 2/3rds of the gain I made over a few months betting against NASDAQ has been wiped out.

The Dems win the senate?

What do you know?

The Media still calling Nev too close to call. The GOP wins that and it comes down to the GA run-off in December.

I do suspect the fix is in for the Dems in Nevada but have no inside knowledge

LOL. 7.7% inflation and AGIP is popping the bubbly! When Trump left office inflation was at 1.7%. The good old days ....remember those? When food prices were not at all time highs? When gas was dirt cheap. When the country was united.

when the country was united under Trump. Yes, good times.

/sarcasm

The country was united?