expanding .. provided boost to tennies from .528 this morning to .561 now ..!
Friday, July 31, 2020
AMZN is the second biggest employer in US ..!
only after Walmart ... really, AMZN - an e-commerce company ... think about it ..!
why are tennies at .5 ?
post FOMC & GDP this week ... the question is,
are the rates down because economy is in trouble ..? or
we blame fed for keeping the rates artificially low, so tennies have a ceiling ..?
gold touched $2000.
Thursday, July 30, 2020
big tech, big bonanza ...
AMZN, APPL, GOOG & FB all shining post qE, all beat expectations and all are up 5+% ..!
APPL does 4 to 1 split.
if all beat expectations, so why do have stock analysts as none of them is right, again ..!
Q2 US GDP -34.9% .. really a 3rd was gone ..!
although its all history but the beauty is that market hardly moved in the moments when the numbers came in, so she was fully prepared to deal with, which include,
IJC: 1.43M; CJC: 17M
interesting the GDP numbers are annualized, which is done for its own reasons, but simply on the quarterly basis, its is about 9.5%, which is not bad ..!
btw, it was Trump tweet suggesting to delay the elections caused worries in the market - not much just touched 3200.
Saturday, July 25, 2020
Friday, July 24, 2020
are there parallels between trading & indian cooking ..?
the answer is astounding yes ... maybe because those are the only two things that i do during my lockdown days; LOL
seriously, there is a lot that you can leverage from one to another ...
more to come ..!
PMI: manu: 51.3; svc: 49.6; comp: 50
it is becoming normal.
housing: 4.7Months supply; 13.8% growth in sales, 776K annual; all at high levels
teenies at 0.58; goiing down since last FOMC when they were at 0.95
Thursday, July 23, 2020
INTC sees margin pressure
stock down 10% overnight post QE
down 17% (Friday morning)
delay in 7nm chips
IJC: 1.4M
higher than expected, 18th straight week of 1+M claims; although CJC came down as cumulative.
Wednesday, July 22, 2020
is a hedge fund bullish or bearish ..?
it's a wrong question to ask in first place ..! a question that CNBC anchor has asked Bill Ackman near the bottom of the market (mid March) and then again today .. of course, Bill answered the question in his own way, but the point is that its a wrong question in first place?
hedge funds hold both long and short positions in various companies and they could be wrong on either side, on top of that they hedge those positions with options, so, there is no way a hedge fund manager can reply the question as a boolean so a genernal investor could use it as a guidance for his investments .. any investment conversation is purely based in the context of time; e.g. you may buy a stock and hold a position for an year, but also hold a put on that security at the same time for next 3 months ... so are you bullish or bearish ..? & the answer is, it depends ..!
Tuesday, July 21, 2020
Monday, July 20, 2020
are we running this economy simply on stimulus ..?
when NASDAQ ends with a record close and S&P turns +ve for the year ..!
Saturday, July 18, 2020
Friday, July 17, 2020
Thursday, July 16, 2020
IJC:1.3M CJC:17M RS: 7.5%
IJC came higher than expected, although people are spending more due to PPE
Wednesday, July 15, 2020
Tuesday, July 14, 2020
Monday, July 13, 2020
funny no one talks about cannabis stocks anymore ...
TLRY from $150 to $8
have people stopped smoking or what were they smoking before ..?
Friday, July 10, 2020
Thursday, July 9, 2020
IJC: 1.31M; CJC: 18M
although lower than last week, still really high .. can we bring the unemployment in single digit by EOY?
market say enough and dropped 2% mid-day and then recovred half.
Major headlines: layoffs at Americans and Walgreens
Monday, July 6, 2020
Sunday, July 5, 2020
although its an old staple, but posting here for the first time ...
another VIP classic
w/ jeera rice
Thursday, July 2, 2020
strong june NFP report ...
4.8M jobs added ..
market jumped initially, but both teenies and market gave up by EOD sensing too much optimism, as 3150 seems hard for market to cross.
Wednesday, July 1, 2020
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