$SNDL pushing toward $1.00 pre market

SNDL up to 0.94 in pre-market

Red Pear Luke said:

---

Aggie118 said:

---

$SNDL pushing toward $1.00 pre market

---

Jinx! You owe me a coke!

---

Dr Pepper is better

Red Pear Luke said:

---

Aggie118 said:

---

$SNDL pushing toward $1.00 pre market

---

Jinx! You owe me a coke!

---

Jinx just hit .90! Y'all both owe me money!

Bonds Stocks Quietly Better ..Inflation Biggest Fear...Global Covid Increasing


Treasuries are starting the week better after a tumultuous shortened week... Equities continue to trade better as the overnight S+P range was only 14 points and we are up 12 now... We expect a volatile week as the fears of inflation and a strengthening economy battle increasing global Covid cases and worries about fiscal and monetary stimulus... TAPERING STARTS TODAY.

We read that some of the supply chain issues are coming around... We disagree and think it is a drop in the bucket... Both Toyota and GM came out an said they have enough chips to operate normally in December... And we see that Baltic Dry Shipping prices are down...but we saw a 60 minute piece last night, and no we normally do not watch the show... But it was after the Packer game. Their story on shipping and supply chain focused on the Long Beach/LA ports and the Chicago train yards... The supply chain is broken, and ships continue to be log jammed... And even when they get off loaded the time to get out of the yard is absurd... BB had a story Friday

"Ships Keep Coming, Pushing U.S. Port Logjam and Waits to Records"

Even Yellen was on the Sunday game shows saying that inflation and log jams will continue through 2022.

Inflation... And we will make it brief... Bill Dudley wrote another bearish piece on inflation today in BB... He talked about rent/housing... Wages and then commodities... Close to our REW term of last week...Rent/Energy/Wages... The NY Fed put out a piece breaking down inflation into two parts... Transitory, which they attribute 1.5% of the current inflation towards... And more importantly, "Underlying Inflation Gauge", where is more persistent, which is 4.3%... Add in the weekend calls from Summers, Diane Swonk, and El-Arian, and the Fed is between a rock and a hard place... Tough to believe there will be a soft landing... And if you still do not believe inflation, look at the latest Medicare B increases for 2022, up over 14%... They attribute that to higher health care costs... And of course Social Security is up 5.9% for 2022... And inflation indexed US savings bonds are now paying over 7%... You get the message...

Fed...16 speakers this week ending with Clarida... We do not expect much, most of the speeches have social impact titles... But 5 look interesting... Bostic and Waller should have the most market worthy thoughts... Many think the Fed will wait and not increase in 2022... Morgan Stanley Sheets continues with his 2023 call, yet he sees 10 years at 2.10 in 22... The total opposite view at JPM, where they see rate increases in 2022, but also see 10 years at 2.10... Their US equity views are very different... Yet Swonk was in Barron's talking about 3 Fed hikes in 2022, and 5 additional hikes in 2023... Not sure it that was her view or she was commenting on someone else's... The Fed remains in a tough place... And while inflation has now surpassed Covid as the number one fear, and everyone is now afraid of inflation, the real fear is when the bond market vigilantes come out in force and try to normalize the yield curve... For now every time the bond gurus get short, they seem to get stopped out...

Rates...Tapering starts today... We think the real effects of tapering will start in January... HF's seem to be stopped out for the rest of the year with some significant losses among smart money... For this week we see 10 years with resistance at 1.48, 1.42 and 1.38... And support at 1.60 and 1.70... But 5 years have hit our 1.25 target 3 times and buyers have emerged... So 1.25 is strong support, but we still see 1.31... And resistance is at 1 and 1.04.

Credit... Should be another strong week for IG issuance of 35 billion or so.. Spreads remain tight... Spreads on 80% of corporate bonds are either the same or tighter last week... Treasury volatility has not been a factor in spreads... In China we see their junk market being bailed out slowly...better by 3 points last week and another 2 today... China, according to BB, has more net worth than the US, at 120 trillion versus the US at 97 trillion, according to a McKinsey study. And China seems to be "encouraging" buying of assets from the property companies...

Watch $SNDL to retest $1, retreat again and for a break on 3rd attempt (1st attempt last week). It's not a technical number but a strategic number only, as explained. Massive shorts want to keep it under $1 to force a reverse split. SNDL management countered with a buyback.

— 2021 Opportunity Stocks Knock (@oldarmy1) November 15, 2021

TTD Rocket!

Here comes RGS. Trying to push above 3.60.

McInnis 03 said:

---

sts7049 said:

---

looks like TSLA is losing 1000

---

Read some stuff this weekend that made it sound like Elon has a LOT more to sell.

---

He's probably got weeks worth of sales to go to unwind it as gently as possible.

He's also got a hilarious twitter troll going against Bernie Sanders right now, selling isn't over from the looks of things.

Elon said he was selling 10% of his TSLA stock.
He had 167M shares at the time of the post.
He's sold about 7M shares sine the post

He isn't even half way done selling.