Discussion ***Official*** 2022 Stock Market Thread

[FelixDeCat]

Tesla now at two year low ..

 

[jpiniero]

Zuck announced 11k job cuts this morning. That seems like a lot for them.

 

[linkgoron]

Zuck announced 11k job cuts this morning. That seems like a lot for them.

It's a lot, but even after the current layoffs, they still have around 76000 employees. That's more than they had in the beginning of 2022 - 71970 employees, and around 72% higher than their pre-covid numbers (44,942 at beginning of 2020).

 

[jpiniero]

It's a lot, but even after the current layoffs, they still have around 76000 employees. That's more than they had in the beginning of 2022 - 71970 employees, and around 72% higher than their pre-covid numbers (44,942 at beginning of 2020).

Maybe they are counting on some attrition after doing these layoffs.

 

[FelixDeCat]

It's a lot, but even after the current layoffs, they still have around 76000 employees. That's more than they had in the beginning of 2022 - 71970 employees, and around 72% higher than their pre-covid numbers (44,942 at beginning of 2020).

Wow! All you need is algos to thin the herd.

 

[FelixDeCat]

Sam Fried...from billionaire to broke...killing all crypto stocks along the way.

 

[FelixDeCat]

Tesla now at two year low ..

Now with even more losses! 📉

 

[Roger Wilco]

Holy NASDAQ Batman.

 

[brianmanahan]

crap, i was going to throw 10$k in today, but i guess i'm a day late

i'll have to see if prices cool down later this afternoon

 

[AdamK47]

Sam Fried...from billionaire to broke...killing all crypto stocks along the way.

He was the crypto darling finance media fawned over. Who is going to be the next darling/failure to take his place?

 

[Mermaidman]

Got lucky selling half my Big Oil holdings on Monday.
. . . Small victories . . .

Anyone else tempted to buy Disney? My trigger finger is itching.

 

[jpiniero]

The CPI numbers were still not great. Just better than expected. I will say the rally feels realer than the other three times this has happened.

 

[Artorias]

Ho, Ho, Ho, the Christmas rally has begun!

 

[PlanetJosh]

Missed the boat again for a one or two day long buy. Tempted to give that up and just buy some single stocks now in tech and see where they are in 5 years, At least my traditional mutual funds are happy about today.

 

[dullard]

The CPI numbers were still not great. Just better than expected. I will say the rally feels realer than the other three times this has happened.

Could you please help me? Which dates had the bad inflation period in the official CPU-U data below?

 

[jpiniero]

Could you please help me? Which dates had the bad inflation period in the official CPU-U data below?

Dunno where you got that graph from. I'm going by the official CPI chart. It is slowing down but not anywhere near good enough. The Fed is going to continue to raise rates.

I'm skeptical that the Fed just pausing further hikes would justify a (real) rally but we'll see. This rally today is like people think the Money Printer will be back on by Christmas. That's not happening.

 

[JEDI]

Holy NASDAQ Batman.

any reason why the 8% surge???

 

[Roger Wilco]

any reason why the 8% surge???

Inflation report was better than expected.

 

[dullard]

Dunno where you got that graph from. I'm going by the official CPI chart. It is slowing down but not anywhere near good enough. The Fed is going to continue to raise rates.

I'm skeptical that the Fed just pausing further hikes would justify a (real) rally but we'll see. This rally today is like people think the Money Printer will be back on by Christmas. That's not happening.

I put the link on the chart title. Here is the link: https://www.bls.gov/regions/mid-atlantic/data/consumerpriceindexhistorical_us_table.htm I graphed the top table, CPI-U.

Yes, the Fed is going to continue to raise rates. That was never a question. The question is how high will the rates be when the Fed stops raising rates. This CPI data is a significant decrease in where that final rate will likely need to be. A core CPI increase of 0.3% in a month (~3.6% per year) is acceptable. Sure, we'd like lower, but there has now been a trend of multiple months of low inflation. The headline number of 7.7% includes the months with big inflation and months with low inflation. That is why I'm asking you which months are which.

 

[Charmonium]

Money supply is also shrinking. But I can't say whether that's due to the rate hikes decreasing demand for money or actual moves by the FOMC to slurp up extra liquidity.

M1

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler's checks, demand deposits, and other checkable deposits.

fred.stlouisfed.org

,

 

[FelixDeCat]

Sell.

 

[AdamK47]

Buy.

 

[JEDI]

Sell.

Buy.

re-balance

 

[jpiniero]

Money supply is also shrinking. But I can't say whether that's due to the rate hikes decreasing demand for money or actual moves by the FOMC to slurp up extra liquidity.

M1

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler's checks, demand deposits, and other checkable deposits.

fred.stlouisfed.org

,

Maybe cutting their massive asset hoard is something the Fed could do to 'tighten' once they do stop hiking.

Should mention that WS also bought massive amounts of treasuries. I think the going rate dropped like a half a point. The implication being that this is about as good as it's going to get.

 

[IGBT]

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com