Tech is not hiring.

Dawg, the US has 15 or whatever carrier groups.

The only currency is violence. If the Middle East fucks with the dollar, we will just kill them.

Lol, Google, Amazon, and Meta would like a word.

The median home price has increased at a faster rate in the past two years than any time in the history of the data.

Home prices were flat from Q3 2016 through Q2 2020 when the printer got turned on full blast.

The only explanation is the printer. The printer has been off for a year, all that is left now is for the real estate sentiment to change when the job losses begin.

The Fed chair serves at the pleasure of the Senate, not the POTUS.

That’s why Donnie going on Twitter complaining that Powell was raising rates in 2018 was so unprecedented.

I'm not, I rode oil from summer 2020 through about October of 2022.

China buys their oil from Russia at a deeply discounted rate.

I suspect that the oil impact will be minimal.

This will be offset by the increase in production.

Chinese consumers spend like $5T annually while Americans spend like $16T.

This is what I have been telling everyone.

Two years ago it was “the loans are so good this time,” yeah well if the borrowers were in tech or finance, look out.

The big tech sell off makes absolutely no sense whatsoever. Hell, once Zuck realizes that $10B annually isn't going to buy him any additional friends, even META will come back because profit is absolutely paramount in this market.

Lots of complete dogshit has been getting murdered and rightfully so, but to watch GOOG, AMZN, and META be treated like some shitty SPAC? Makes me want to invent a time machine to fast forward 3 years to when I will be sitting on $2M, LOL.

The problem with handling Amazon earnings since EOY 2021 is that shit stick RIVN bet they marked to market for a blowout Q4 and then got massacred in Q1 2022 on.

The fact is that Amazon's revenue has doubled since 2017/2018, which is the last time you could buy the equity at $85ish. Considering they figured they could cut 20,000 people, I imagine they have plenty of net income they can squeeze out before their core businesses start to suffer.

If it does drop another 20%, I will be pleased as punch because that means I will virtually triple my money over the next 3-5 years.

Same here. My current average is $85.

I am also buying just about as much TQQQ as I can get my hands on. Easy 3-4x from here.

You must be me. I had OXY at like $23.

I am thinking about a short as well. Global central banks are doing the inverse of 2020 right now, whatever is necessary to kill demand.

Something will break long before 2025.

My guess is Q2 2023 at this pace.

They are going to break something before then.

The layoffs in white collar jobs are going to accelerate and then comes defaults.

GDP contracted like 3.5% in 2020 and markets were up 10%.

Corporate profits are what you're buying, not economic growth.

Bingo.

Either he saw the PCE data early and is feeling especially happy about his approach, or he is going to get nuked tomorrow. I would lean towards the former.

I think you're out of sorts.

Energy is keeping SPX elevated. GOOG, AMZN, MSFT, AAPL, et al have all seen massive drops.

There will be a rotation back to tech.

The equities market is a forward-looking instrument. What he said was that their approach is working and that they are going to give it some time to marinate rather than drive the motherfucker into the ditch.

Because tightening of this magnitude lags pretty significantly.

Did you see the trend on housing and housing services inflation? Shit is nosediving and has been for months now. Goods are coming down.

Also, the indices have been getting fucking dusted all year. The time to be short was January, not November.

This looks good, do Core PCE next because that is the Fed's preferred gauge. If CPI tracks like this, then PCE should be a couple points in front.