Down goes the Dow

Ghost of Igloi wrote:

I sure hope my grocery store inflation is transitory.

Social Security COLA for next year already a lock at 4%; probably 6.5%. ( 6.5% would be the largest since 1981 )

Great. Too bad my pension has no such benefit.

Ghost of Igloi wrote:

Great. Too bad my pension has no such benefit.

Why not? Because it’s private rather than government?

All eight indexes on our world watch list posted gains through June 14, 2021. The top performer is France's CAC 40 with a gain of 19.8%, our own S&P 500 is in second is with a gain of 13.3% and Germany's DAXK is in third with a gain of 11.7%. Coming in last is China's Shanghai with a gain of 3.4%.

https://www.advisorperspectives.com/dshort/updates/2021/06/14/world-markets-update-june-14-2021?utm_source=boomtrain&utm_medium=email&utm_campaign&utm_content&utm_term&bt_ee=0R1lzDmid0b2%2BQec1KgZqFDYZRp6nCLkTlsuQAi1K5WXo3SAAw8X3aiLhFmAeMHV&bt_ts=1623761437936

wondering wrote:

Ghost of Igloi wrote:

Great. Too bad my pension has no such benefit.

Why not? Because it’s private rather than government?

Yes.

File under $hit you don't see often; XLB

15:07:15 $ 85.10 352

15:07:15 $ 85.10 500

15:07:15 $ 85.0692 1,610,137

15:07:15 $ 85.10 100

Then XLU

15:08:55 $ 66.65 200

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:55 $ 66.645 100

15:08:54 $ 66.645 100

15:08:52 $ 66.6884 2,066,768

15:08:52 $ 66.645 197

15:08:52 $ 66.645 100

15:08:52 $ 66.645 289

15:08:52 $ 66.65 200

So some one sells 1,610,137 shares of XLB ($136,973,066) and then some one buys 2,066,768 shares of XLU ( $137,829,451 ) a minute later. Most likely the same firm, very rare to see price out 4 decimal points. This transaction was on a dark exchange.

Friday is Quad Witching and than S&P Index rebalance.

Hey GoI, maybe the Stock Market is eating those Oregon Mexican Food Truck "burritos".

Gente,

Yep, and the Fed is supplying the ofa.

🤢

Ghost of Igloi wrote:

wondering wrote:

Why not? Because it’s private rather than government?

Yes.

That sucks. Do you not get a pension from your teaching and coaching years?

wondering wrote:

Ghost of Igloi wrote:

Yes.

That sucks. Do you not get a pension from your teaching and coaching years?

I opted for the 403b alternative at initial employment. So I received the benefit as a rollover. Unsure if that was the optimal choice.

what's your takeaway from that trade?

Some one doesn't believe inflation is a problem or a momentum trade; XLU has been up 5 days in a row while XLB has been up only once the last 5 days. ( Which could also show a large number of people have the same macro outlook about inflation.)

Last Wed XLB had 3 large buy blocks; 234,461; 403,991 and 352,723. Now this week, besides yesterday's sale, there was a large block sale of 389,986 on Mon.

Ghost of Igloi wrote:

wondering wrote:

That sucks. Do you not get a pension from your teaching and coaching years?

I opted for the 403b alternative at initial employment. So I received the benefit as a rollover. Unsure if that was the optimal choice.

Oh well. At least you should have a nice SS bump to look forward to next year.

la gente esta muy loca wrote:

agip wrote:

what's your takeaway from that trade?

Some one doesn't believe inflation is a problem or a momentum trade; XLU has been up 5 days in a row while XLB has been up only once the last 5 days. ( Which could also show a large number of people have the same macro outlook about inflation.)

Last Wed XLB had 3 large buy blocks; 234,461; 403,991 and 352,723. Now this week, besides yesterday's sale, there was a large block sale of 389,986 on Mon.

I think there's a lot of talk out there about a mini-slowdown in terms of GDP growth...the yield curve has flattened a bit after steepening for a while, stocks have gone practically nowhere for 8 weeks, etc.

I wouldn't be surprised to see some people taking profits and making some dry powder or at least buying less risky assets.

I see the attack dogs going after Powell using some really weird and dishonest stats to show the market has performed much better under his predecessors.

He took the office in Feb 2018. The Dow is up @ 50% in 3+ years. What a disaster he has been for the market

The market only goes up. Even the Troll knows this thread is dead.

agip wrote:

la gente esta muy loca wrote:

Some one doesn't believe inflation is a problem or a momentum trade; XLU has been up 5 days in a row while XLB has been up only once the last 5 days. ( Which could also show a large number of people have the same macro outlook about inflation.)

Last Wed XLB had 3 large buy blocks; 234,461; 403,991 and 352,723. Now this week, besides yesterday's sale, there was a large block sale of 389,986 on Mon.

I think there's a lot of talk out there about a mini-slowdown in terms of GDP growth...the yield curve has flattened a bit after steepening for a while, stocks have gone practically nowhere for 8 weeks, etc.

I wouldn't be surprised to see some people taking profits and making some dry powder or at least buying less risky assets.

Stocks only go up

this'll give you some nightmares.

drawing multiple parallels between the start of the dot com meltdown in march 2000 to the ARKK meltdown in March of 2021.

the idea in 2000 was that if the dot coms melt, the smokestack companies would be fine. Didn't work that way, as the econ slowed and most stocks dove.

Right now we're thinking the same...'who cares if TSLA dives...tradtitional companies will do fine.'

But will they?

https://www.wsj.com/articles/tesla-and-other-bubble-stocks-have-deflated-just-like-2000-11623928248?mod=djem_WealthJournal

Ghost of Igloi wrote:

The market only goes up. Even the Troll knows this thread is dead.

Wait, what?

Earnings Scorecard: For Q2 2021 (with 4 S&P 500 companies reporting actual results), 4 S&P 500 companies have reported a positive EPS surprise and 4 S&P 500 companies have reported a positive revenue surprise.