Still think TITNC3: Return of the Iceberg was peak

That's it $SNOW keep creeping up

 

Ooooh...
Another $WPC 3 shares...set a dip order and it just filled...

 

Very small (200 shares) flip play on $JL

100% gamble but chart LOOKS promising...

Good sign that my $2.38 limit order was filling 1 share at a time...always SUS

 

Look at that crazy shit

 

Winners? We don't do that here.

 

Cancelled earlier today...Sold my last 100 shares at $100 profit....not losing a dime on a shitcoin stock...

Total tally....
500 shares for $2.35
$1175.
Returns $2024.12
Profit $849.12 72% return...
Just gotta scale it...

 

So mad at myself for breaking my own rule...Sell dailies at the open....I watched SNOW Shoot up at the bell today and the volume was showing it might run...but literally as I'm setting my stop loss...I was like...nah, let's see....
Annnnnd there goes $400 in profit...

 

Stopped Out

lost 50%.

 

I love it when a good til cancelled at the charted support fills
Nailed it.

 

Waiting on the Inverse (╯°□°)╯︵ ┻━┻ Investments ┬─┬ノ( º _ ºノ) ETF...

Symbol: $ATYOT

 

$PENN vs $DKNG
Doing taxes and looking at history
Got out of $PENN at $21 in october at a hefty loss (harvesting vs my $VET gains) and my decision to switch over to $DKNG was very satisfying...
Exit point is where I 2x down on $DKNG SOLID break in performance...

 

How's everyone liking their new ATHs?

I'm just chillin over here like

 

Thanks NVDA. lol

 

A couple rate cuts this year to pile onto the 3rd tech renaissance and here we go.

 

It's gonna be interesting. Rate cut in NOV is my prediction. Poke around on this page and let me know if you really think they can cut rates more then once this year.

https://fred.stlouisfed.org/categories/24

 

I think it all depends on the effects of the first cut (probably June, probably 25bps).

My bet is: Meaningful pops in markets and housing costs, economy remains strong.

If inflation starts creeping back up: No more cuts this year.

If inflation continues to downtrend or flat: Another 25bps sometime in Q4.

 

I think inflation, both consumer and producer, will continue to hold steady. They printed way to much fucking money in 21-22. That in and of itself will keep it inflation up. I don't see them initiating a cut until M2 approaches 2019 levels. Which at the current rate of decline might be NOV/DEC. If they cut before then I'll be surprised. The current FED has shown it's hand more then once in regards to middle fingering market expectations. I don't think that will change.

The big question for the current market is how much is a MAR/JUN rate cut priced in? If it's not then business as usual. If it is priced in heavy then these highs will last another month or two before big money pulls out and floods India. lol

 

The inflation question: Is it down because of tighter credit or because people are voting with their wallets on new prices? As an example, I basically *don't* eat out anymore because anything decent quality is $40/person and fuck that. I can make the same meal at home in 20min for $8. And I live in an LCOL region in the SE USA.


So there's a demand reduction there not because I can't afford it, but rather because I won't afford it.

The ratio of can't v won't underpinning the last 12mo of inflation data is the lynchpin here.

 

It's a combo of both. One of the things I'm keeping an eye on is delinquency rates. So far they haven't gotten to crazy but people are still enjoying the stimuli buzz. Once that hangover hits delinquency might spike. That will start the shit show. There's just way to many recession indicators flashing for us to get out of this unscathed. Unless Powell really is that good. Time will tell.

 

I think CRE has some risk we oughta be watching, I think delinquency otherwise is a decreasing risk in a world where real incomes are actually accelerating, esp. for the bottom quintile of earners.

Mortgage holders are locked it at low rates (except me, lol), and total and per capita debt aren't outside of historical trends (except the Federal Gov't, lol).

Otherwise employment is crushing it, inflation is moderating, tech is exploding and the 'mature' economy (i.e. everything physical, because it has already reached saturation scale) is holding steady.

I'm not so worried.