finally, the bird is free ..

there is no more TWTR handle ... but in the hands on Musk ... who brought in a sink hole to the company so it sinks in ...

what's next ..? i say that its really a bad day for Meta/FB, who is already in deep shit ..!

pending home sales down 10% with rates north of 7%

 but consumer sentiment is still strong ..!

AMZN plunges 20% whereas APPL just handled with a shake & paused the bleeding

the smartest among all came out as INTC which is planning to reduce cost by $4B ... hope, Mr. Meta gets the point

META plunges ... to near 100 from 400

those who have listened to me in past about FB/META know that it has always been my opinion that this company provides no value whatsoever ... but the point is that even a no value add idea may turn someone into a billionaire for a while ... the company / idea was an outcome of good times (low interest rates) of last 20 years or so ..!

tech showing signs of weakness

both GOOG & MSFT down post earnings ...

growth in cloud is getting cloudy ...!

Rishi Sunak sets history in UK ...

after holding CEO posts in large S&P500 companies in US successfully, the PMs are also chosen from Indian origin .... & that too for a country like UK which is #4 in GDP & has historical significance to India ... all happening within 75 years of independence of India ...

in history, pre- mugal invasions & british raj, India used to be a Golden bird, and she in on its path to get that title gain under the leadership of PM Modi

Liz Truss stepping down ...

On her election, some compared her to Margret Thacher, but the flip flopping on policies turned her tenure really short ... bottom-line, good times are over and hard times are in future... around the world... like it or not ... call it flip flopping, but they are not many choices left besides raising interests

... mortgages are running at 7.2% ... LEI has been down since Feb and housing showing signs of stress ... but OracleWorld and MoneyShow going back to back,  fall is really pleasant in Vegas ...!

rates starting to impact housing as starts decline ..

Housing is where it all begins...

CPI came hot hot hot .. but market swings 7% - first down and then up ..!

CPI        0.4% ... 8.2% (Y-O-Y)

TNX      4.0%

US2Y    4.48%

SPX       3500 .. is this a turning point ..?

PPI 8.5% ... did Fed make a dent or a scratch in inflation so far ..?

Fed funds have gone up from zero to 3%

TNX 3.96%

US2Y 4.3%

30Y mortgage  7+%

UK Central Bank giving up on hand-holding pension funds ...

 you are your own ... & US market reacts to the new in last hour as it sets the precedence.

Lao Tsu's quotes of life ...

 

Sep NFP 263K, UNEMPL 3.5%

still too hot for Fed ... Market lost 2 years; down to Oct 2022 level

in this age, Hindus call it Kalayuga, the older you get, you get more expertise to lie ...

 The President says that the middle east trip a month before from election was not about oil; but about Israel & then he walks backward ... can someone work with him to improve his lying skills ..?

FB planning to layoff 15% of workforce ...

there are many companies in this category, and social media in general, will find their true value in this downturn

BTW, its 12,000 for FB and a good number of them would be in Bay Area.

TSLA loses a TWTR*1.5 since the deal is announced ...!

Has the market turn-around & over any inflation fears ..?

giving a 5% rise over 2 days ..!