Shares of FedEx plunged 24% after the shipments company withdrew its full-year guidance and said it will implement cost-cutting initiatives to contend with soft global shipment volumes as the global economy “significantly worsened.” Transport stocks are typically seen as a leading economic indicator, so FedEx’s announcement could contribute to broader declines on Friday. https://www.cnbc.com/2022/09/15/stock-market-futures-open-to-close-news.html
Are you trading in/out on trends or just holding? Obviously it should climb, but with this market I just try to trade quick contract positions.
VIX calls started out really decent this morning, I am hoping to try and catch it eventually, I mean for example from 9/12 - 9/16 ~5x for quick hold @ 9/22 23c.
Holding waiting for the BIG trend to (continue to) emerge. I was down a good 18% on it last month but kept adding. Conviction on this one. Worst case scenario - my 401k goes up.
I am watching NVDA as a short term play, overreaction crypto/China chip bans etc, hopefully pending gpu announcement causes interest to get a little more upside from retail before it goes back down. Obviously this might be too easy on thought process since tech isn't looking great.
Right, I think you're right though on SQQQ, bigger trend has to be coming. Like the market can't continue to be propped up, so tech definitely has more to fall. I'm hoping to enter tech at some point at better bargain prices.
Elon is going to blow a lot of smoke for Tesla's AI day. I haven't figured out a play for AI, but semi's seems like a start if they bring in an undisclosed dancing midget wearing a helmet full of wires.
He needs to give the fanbase what they really want, the latest in penile enlargement tech that they can only pay for in doge.
Beyond Meat COO arrested for biting man’s nose near Razorback Stadium Apparently wasn't too beyond meat. I guess it's kind of hilarious he was with Tyson Foods for 30 years before joining Beyond Meat about 10 months ago according to his LinkedIn. Must've been having meat withdrawals... lol
Russia/Putin is rumored to announce full-mobilization later today and Russian markets are tanking. I expect our markets to tank as well if this happens. https://euroweeklynews.com/2022/09/...ket-crash-following-referendum-announcements/
Might hedge my SQQQ buys with SPY PUTS. Lulz. GOOOD LUCK IN before Adoo comes and tells me that's not what HEDGE means.
Any thoughts on DBMF and similar? Seems like a HEDGE outside rebalancing stocks to bonds/GOLD or the reverse while economy is doing what it do.
You're going to laugh but I'm sticking with high interest savings accounts. Plus I have three people in the household so I can put another 30k into ibonds on January 1.
10% guaranteed is much better than the uncertainty for this year. I haven't heard of DBMF before yesterday and what it deals in sounds complex. I found it while searching for news on Artemis. I tried rebalancing my 401k and the options available were mostly crap. No commodities. The bond offerings lumped garbage without much reason. International funds were a quarter China stocks and no real offerings to park money As for the whole bond/stocks balance, I think corporate/HY/mortgage bonds are going to be in a world of hurt. Treasuries serve a dual purpose as high quality collateral, so even if countries start selling off to save their own bacon, eventually that massive shitpile of debt we're writing up will find a home because they treat it like cash. It hurts that the Fed is letting existing treasuries come to term as a part of qe (prob the most influential detail in that scheme). It's not obvious when that'll flip will happen, so planning ahead is a losing bet. So ibonds isn't anything to laugh at given that all equities seem tightly coupled with the dollar as the leading indicator.
I'm getting 4% on an HISA since I'm outside the US and have higher interest rate accounts here so right now everything goes into savings but next year I'll just start converting to USD and buying iBonds. I'll likely start saving in USD instead of CAD because I dont see the USD getting weaker if interest rates continue to rise and we have a recession (because everyone else will park their money in USD as well) If you're looking for something for your 401k, I'd almost suggest something like JEPI or JEPQ (provided you are switching from something like VOO/QQQ). They have slightly lower volatility than VOO/QQQ respectively and you get the monthly dividend to provide an additional offset. It's not countercyclical or anything but the dividend yields on both have been really high this year (closer to 10%). Normally dividend yields are closer to 7% but unlike other ETFs that strictly focus on covered call dividends (QYLD, NUSI, etc..), the JP Morgan ones don't naturally decay so you still see appreciation.
