Could be, when we start seeing layoffs then it would support your hypothesis.Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
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AMZN didn't add 5% surcharge randomly.
Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
I was very surprised when HD raised guidance yesterday. Bold move, not sure if I would have done that.
I'm adding to my ASO holdings down here in the 31s
As posted, every relief rally since March has gone 3 daily highs max in #ES_F then failed to new lows & todays open is looking like more of the same. Bulls had to hold 4025 and so far failing
— Adam Mancini (@AdamMancini4) May 18, 2022
Unless bulls can reclaim (which starts a large squeeze). 3945-55 next down, bounce zone https://t.co/XLISf7DrK0
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
according to Biden, it's the plan to keep eliminating the SPR over the next 6 months at a million barrels every single day.BrokeAssAggie said:
More good news for oil and gas stocksU.S. CRUDE STOCKS IN SPR FELL LAST WEEK TO LOWEST SINCE NOV 1987 - EIA
— *Walter Bloomberg (@DeItaone) May 18, 2022
of course, what happens when the US government needs to buy back oil to refill the SPR?
are they just never going to refill it and leave it empty?!
S&P DOW JONES INDICES SAYS IT HAS REMOVED TELSA INC TSLA.O FROM ITS S&P 500 ESG INDEX
— *Walter Bloomberg (@DeItaone) May 18, 2022
S&P EXECUTIVE CITES CONCERNS INCLUDING TESLA'S HANDLING OF INVESTIGATION AFTER CRASHES LINKED TO AUTOPILOT$TSLA
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
CNBC stating the same thing- it's the canary in the coal mine.Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
if Dow component and billions of dollars Walmart can't keep up anymore- how will any other retail keep up?
ESG is dumb. So non issue
Spy wants to hold 400
May be dumb but it is THE topic right now in the accounting world. It will turn into SOX 2.0 imo.Ragoo said:
ESG is dumb. So non issue
I don't understand why ZIM is down so much after such a strong earnings report this morning.
Sounds coordinated. Musk is not a well liked character currently by many in power positions.FJ43 said:S&P DOW JONES INDICES SAYS IT HAS REMOVED TELSA INC TSLA.O FROM ITS S&P 500 ESG INDEX
— *Walter Bloomberg (@DeItaone) May 18, 2022
S&P EXECUTIVE CITES CONCERNS INCLUDING TESLA'S HANDLING OF INVESTIGATION AFTER CRASHES LINKED TO AUTOPILOT$TSLA
Social media goes woke and corporations follow in order to control the consumer's way of thinking. He doesn't follow that path.
Farmer @ Johnsongrass, TX
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Your statement hit home. We have been having the economy as one topic of discussion at the dinner table. I told my son when the layoffs start happening that's when you know the trouble is running deep. He works part-time at a grocer Hy-Vee. They started layoffs about 2 months ago, starting with Marketing & Advertising (but not all), estimated 50 jobs. Last month 100 jobs. Two weeks ago 415 jobs and Corp employees are given opportunities back at the store level (cut in pay of course). Netflix hit the newswire this morning with 150 layoff. Since the Warner Media merger with Discovery, Zaslav/CEO has been cutting left & right. Warner studio employees in California feel they have the upper hand,....sounds good until the cuts start rolling down. AT&T was closing west coast call centers and laying off in January. These are the one's I remember, but I think the layoff trend is in gear. Had an article on my news feed about how to defend yourself in an interview being seen as a job-hopper now that the gig economy appears to be dying or dead. Yeah, I think the it's happening..ProgN said:Could be, when we start seeing layoffs then it would support your hypothesis.Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
SPY and Qs new LOD
That was a weird 3 minutes very low volume and very low price action 10:12-10:15 cst.
Jet Black
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headline article when I go to my Fidelity Brokerage homepage today:
From our experts
The market turns a corner
There are 3 big reasons why the market may finally be ready to find its footing.
From our experts
The market turns a corner
There are 3 big reasons why the market may finally be ready to find its footing.
Model T on the recent run-up is ~397.3. Bet we see a little bounce there
Around 395s I will take some weekly SPY lottos long. Should we get there.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Twitter and Carvana announced layoffs this weekFarmer @ Johnsongrass, TX said:Your statement hit home. We have been having the economy as one topic of discussion at the dinner table. I told my son when the layoffs start happening that's when you know the trouble is running deep. He works part-time at a grocer Hy-Vee. They started layoffs about 2 months ago, starting with Marketing & Advertising (but not all), estimated 50 jobs. Last month 100 jobs. Two weeks ago 415 jobs and Corp employees are given opportunities back at the store level (cut in pay of course). Netflix hit the newswire this morning with 150 layoff. Since the Warner Media merger with Discovery, Zaslav/CEO has been cutting left & right. Warner studio employees in California feel they have the upper hand,....sounds good until the cuts start rolling down. AT&T was closing west coast call centers and laying off in January. These are the one's I remember, but I think the layoff trend is in gear. Had an article on my news feed about how to defend yourself in an interview being seen as a job-hopper now that the gig economy appears to be dying or dead. Yeah, I think the it's happening..ProgN said:Could be, when we start seeing layoffs then it would support your hypothesis.Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
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Picking up on this....Farmer @ Johnsongrass, TX said:Your statement hit home. We have been having the economy as one topic of discussion at the dinner table. I told my son when the layoffs start happening that's when you know the trouble is running deep. He works part-time at a grocer Hy-Vee. They started layoffs about 2 months ago, starting with Marketing & Advertising (but not all), estimated 50 jobs. Last month 100 jobs. Two weeks ago 415 jobs and Corp employees are given opportunities back at the store level (cut in pay of course). Netflix hit the newswire this morning with 150 layoff. Since the Warner Media merger with Discovery, Zaslav/CEO has been cutting left & right. Warner studio employees in California feel they have the upper hand,....sounds good until the cuts start rolling down. AT&T was closing west coast call centers and laying off in January. These are the one's I remember, but I think the layoff trend is in gear. Had an article on my news feed about how to defend yourself in an interview being seen as a job-hopper now that the gig economy appears to be dying or dead. Yeah, I think the it's happening..ProgN said:Could be, when we start seeing layoffs then it would support your hypothesis.Charismatic Megafauna said:
I also wonder if this is a canary in the coal mine of discretionary spending being reigned in. Consumer spending numbers are being propped up by higher prices despite less actual purchases being made, possibly tgt and aso margins are in a tight spot between the consumers and suppliers
https://www.businessinsider.com/wells-fargo-confirms-mortgage-lending-layoffs-as-rates-climb-2022-4
https://www.businessinsider.com/mortgage-layoffs-startups-to-wells-fargo-2022-5
There's been quite a few layoffs in the lending space.
Not hearing much about layoffs here in DFW yet but hiring freezes have been ramping up the past few months, especially in the corporate ranks.
VIX above $29.
Same in my world, especially with travel cost increases. Comms will go out soon to cut travel and freeze hires.
Listening to Varney (Fox Biz) this morning in the car. He had a NJ wheat farmer on saying their wheat is on target for a July harvest. Added that his input costs doubled. His crops were already sold through a broker. But didn't know where crops were going.
Then Varney interviewed Nebraska Gov Ricketts about corn. The Gov said his constituent farmers are very concerned about survival due to costs. Ricketts mentioned a report from Texas A&M they use to talk/ forecast crop economics. Pretty cool A&M mention on national tv show.
Then Varney interviewed Nebraska Gov Ricketts about corn. The Gov said his constituent farmers are very concerned about survival due to costs. Ricketts mentioned a report from Texas A&M they use to talk/ forecast crop economics. Pretty cool A&M mention on national tv show.
I need some hiring freezes so we can actually hire where I am....we are not a high compensation company and not fully remote and we are STRUGGLING to even get an interview set up with candidates that 5 - 7 years ago that I would have laughed at if they applied. The ones we use to get....no chance these days....
Lottoing long SPY 405C for 5/20. 1.38
Risky
This is why
Risky
This is why
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
I went SPY $400, expiring today. 0.88 cents
We are a salary + commission, 3 days a week in a bougie Frisco office, company but still struggling to get interviews. Even for kids right out of school.
My main clients (O&G services companies) have had zero slow downs in hiring engineers. In fact, they're hiring faster than I can find them.
My main clients (O&G services companies) have had zero slow downs in hiring engineers. In fact, they're hiring faster than I can find them.
TecRecAg said:
We are a salary + commission, 3 days a week in a bougie Frisco office, company but still struggling to get interviews. Even for kids right out of school.
My main clients (O&G services companies) have had zero slow downs in hiring engineers. In fact, they're hiring faster than I can find them.
We do 2 days WFH, 3 Days in office...1 of those 3 days in office is 1/2 day Friday.
That still is not flexible enough.
edit: back to the stock market lol
It will either work or not. That is why lotto size for me. Cut at 396.52jj9000 said:FJ43 said:
Lottoing long SPY 405C for 5/20. 1.38
Risky
Yeah...looking at the Daily I'm seeing "Oh sh+t Mav...we're going vertical"...but in the wrong direction.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
think we curl back up to $400 today.
I'll be out if soBrokeAssAggie said:
think we curl back up to $400 today.
Intraday quick fib big level to get over now....
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
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