$SPY Wow 😯 pic.twitter.com/LEr1rxFuAh
— Cheddar Flow (@CheddarFlow) May 24, 2022
Bob Knights Liver said:
I just bought a couple SPX3959C again. Sell target 3930. I'll stop somewhere around 3886.
you left out COVID wave 5 and monkeypox epidemic$30,000 Millionaire said:
What I thought would happen then is happening now. Food and energy shortages. Out of control inflation, supply chain disruption, war. Let's see but we are going lower
E said:
I just watered my money tree last night... WTH is happening?!?!
Jet Black said:
Is he speaking during market hours? If so, I could see an upswing today and then a complete annihilation tomorrow.
Maybe this one won't do much to move the markets after all?Quote:
12:20 p.m. Speech -- Chair Jerome H. Powell
Welcoming Remarks (via pre-recorded video)
At the National Center for American Indian Enterprise Development (NCAIED) 2022 Reservation Economic Summit, Las Vegas, Nev.
Brian Earl Spilner said:
Re-bought my TQQQ at 25.50. Really hoping for a nice rally into the close today.
Let's go. she wants to run...BrokeAssAggie said:
VIX back below $30. SPY trying to complete the motorboat
Quote:
Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse.
"There is no prospect for a material reduction in inflation unless the Fed aggressively raises rates, or the stock market crashes, catalyzing an economic collapse and demand destruction," Ackman said in a slew of tweets Tuesday.
The Pershing Square hedge fund manager attributed 2022s market correction to investors' lack of confidence that the central bank could squash a 40-year high in inflation. He said the market turmoil will only end if the Fed "puts a line in the sand" on soaring prices.
"If the Fed doesn't do its job, the market will do the Fed's job, and that is what is happening now," Ackman added. "The only way to stop today's raging inflation is with aggressive monetary tightening or with a collapse in the economy."
Quote:
In March 2020 during the depths of the Covid pandemic, Ackman issued a dire warning on CNBC about the health crisis, saying "hell is coming" and imploring the White House to shut down the country for a month. He made $2 billion betting against the market then.
