Thanks for the heads up..I've seen those delisting stories since I invested.
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Global Market Comments November 30, 2021 Fiat Lux Featured Trade: (NEW VIDEO UPDATE ON EXECUTING A VERTICAL BULL CALL DEBIT SPREAD), (AAPL), (GS) New Video Update on How to Execute a Vertical Bull Call Debit Spread I have just updated the training video for Vertical Bull Cal...
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it's could be true..but it's not the first time it's been talked about.
Top News
Omicron in America
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The first Omicron case identified in the United States kicked selling into high gear on Wall Street yesterday. Stocks began the previous session sharply higher, but started to lose gains once Federal Reserve Chairman Jerome Powell reiterated that a faster Fed taper will be discussed at the next meeting.
The report of an Omicron variant case in California pushed stocks down sharply into the close. The S&P (SP500) has now seen its biggest two-day loss in 14 months, off a little more than 3%. Tech stocks have been particularly weak. This morning, S&P (SPX) (NYSEARCA:SPY), Dow (INDU) and Nasdaq 100 (NDX:IND) (NASDAQ:QQQ) futures point to a slightly higher open.
"In terms of developments about Omicron, we’re still in a waiting game for some concrete stats, but there was positive news early on from the World Health Organization’s chief scientist, who said that they think vaccines 'will still protect against severe disease as they have against the other variants,'" Deutsche Bank rates strategist Jim Reid says. "On the other hand, there was further negative news out of South Africa, as the country reported 8,561 infections over the previous day, with a positivity rate of 16.5%."
Growth takes it on the chin: The Nasdaq Composite (COMP.IND) has fared the worst among the major averages in this selloff, down 3.3% in the last two sessions. One reason for the extreme market reaction to the report of one case, when many were already assuming the variant would show up in the U.S. eventually, is the run stocks have been on this year. Stocks currently have very high valuations and investors may have been looking for a trigger for profit-taking.
When you compare the market reaction to that of other COVID waves and the Delta variant, what's different this time is that there was not a flight to Big Tech stocks, Florence Barjou, CIO at Lyxor Asset Management, said on Bloomberg. "This is really a growth-based selloff, which is why it looks a little bit like panic," Barjou says. "If we do get better news (on Omicron) we think it looks more like an entry point."
JPMorgan strategist Marko Kolanovic goes a step further and posits that Omicron could be the highly-transmissible yet milder variant that crowds out the more severe variants. "As such, we view the recent selloff in these segments as an opportunity to buy the dip in cyclicals, commodities and reopening themes, and to position for higher bond yields and steepening," he says.
Fed Factor: Also weighing on equities, especially growth stocks, is the presence of a newly-hawkish Fed chief. Rather than walking back comments about a faster tapering of asset purchases that hit Wall Street on Tuesday, Powell reiterated that it's time to discuss removing accommodation. "At this point, the economy is very strong and inflationary pressures are higher, and it is therefore appropriate in my view to consider wrapping up the taper of our asset purchases, which we actually announced at the November meeting, perhaps a few months sooner," he said on Capitol Hill. "I expect that we will discuss that at our upcoming meeting."
When Omicron was first identified, markets pushed out the first Fed rate hike to December 2022, but have now returned to pricing in liftoff for June next year. Kinsale Trading says the Fed is getting ready to make a move that will be a "bearish gamechanger." (4 comments)
Tech
Apple’s iPhone issues
Apple (NASDAQ:AAPL) says it may not make up for missed holiday sales for the iPhone 13 caused by a lack of parts, Bloomberg reports. Supply chain issues have already forced the company to cut its 2021 iPhone 13 production target by 10M units.
Now it tells suppliers that demand for the phones has weakened, indicating that customers may just skip upgrading to the hard-to-find phones and not order next year when production increases, Bloomberg says, citing people familiar with the matter. (7 comments)
Snowflake surges
Beaten-down Snowflake (NYSE:SNOW) shares pop in extended-hours trading as the cloud-based data-management company reported better-than-expected third-quarter results and forecast stronger sales ahead.
Snowflake (SNOW) said that it lost 51 cents a share, on revenue of $334.4 million, for the quarter ending Oct. 31. During the same period a year ago, the company lost $1.01 a share on $159.6 million in sales. Wall Street analysts had forecast Snowflake (SNOW) to lose 61 cents a share on revenue of $306.1 million. It forecasts fourth-quarter product revenue of $345 million to $350 million, or nearly double that of the year-ago quarter. (25 comments)
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Covid
Moderna booster in March?
A Moderna (NASDAQ:MRNA) executive said that the company could have a COVID-19 booster shot specific for the Omicron variant for regulators to review in March, Reuters reports.
President Stephen Hoge said that a shot that contains genes targeting the mutations found in the variant would be the best way to address any potential reduction in efficacy seen in current vaccines. (24 comments)
too much bullshit here for me anymore..This site has been taken over by morons.
Seeing a poster with a swastika as an avatar and the site ignoring it was sorta my finish line for a site I'd support as a poster.
Good luck fellas..I'll pop in everyone in a while but I'm done providing shit to this place.
BOZZIE OUT!
Seeing a poster with a swastika as an avatar and the site ignoring it was sorta my finish line for a site I'd support as a poster.
Good luck fellas..I'll pop in everyone in a while but I'm done providing shit to this place.
BOZZIE OUT!
Morning fellas! hope everyone is well and off to a good start to the holidays.
My biggest problem with being here anymore was I had friends and associates reading the "Interesting Thoughts" post mostly for the MH fund letter...I started getting emails about Joes avatar from a friend of mine who's a Jew asking why I'd post here..
Actually I'm embarrassed for the direction site has taken recently humor has disappeared and extreme hate seems fashionable (see metro ) it's not a good look and the fact that Americans are at each others throats 27-7 sickens me.
I still read the board sometimes for entertainment but the step back is good..just a few tweeks and the place could recover IMO it would mean cutting out the most offensive posters but you'd need to find the will to sheriff is place and I can't see it happening. Although if this was my new 2 million dollar investment I'd look at the quality of the posting and wonder what the fuck I'd done with my cash..Without quality traffic, whatever this place is trying to become won't happen.
I'm not saying I didn't mix it up here too..I'm no saint but it's gone overboard even for me.
Glad to see you're all doing well here...
Merry Christmas and a Happy New Year ! 2022 is going to be a great one!
My biggest problem with being here anymore was I had friends and associates reading the "Interesting Thoughts" post mostly for the MH fund letter...I started getting emails about Joes avatar from a friend of mine who's a Jew asking why I'd post here..
Actually I'm embarrassed for the direction site has taken recently humor has disappeared and extreme hate seems fashionable (see metro ) it's not a good look and the fact that Americans are at each others throats 27-7 sickens me.
I still read the board sometimes for entertainment but the step back is good..just a few tweeks and the place could recover IMO it would mean cutting out the most offensive posters but you'd need to find the will to sheriff is place and I can't see it happening. Although if this was my new 2 million dollar investment I'd look at the quality of the posting and wonder what the fuck I'd done with my cash..Without quality traffic, whatever this place is trying to become won't happen.
I'm not saying I didn't mix it up here too..I'm no saint but it's gone overboard even for me.
Glad to see you're all doing well here...
Merry Christmas and a Happy New Year ! 2022 is going to be a great one!
Sorry for that Bozzie...I've been around a long long time...so enjoy your posts. Miss them. But I do understand. I tend to ignore mostly and always have to stop self from partaking in nonsense and the keyboard bullying or stupidity. It's the 'norm' I guess...if you don't mind me asking, is there another place you do post still? the info is GOLD and so enjoy it. It keeps me off sites or shit that isn't healthy or intellectually pleasing. Anywho, happiest of holidays and good health!!
I'm posting someplace else without any financial postings.
Check your mail Vinny, we can work something out.
Tulip bulb predictions 2022
www.cnbc.com
Check your mail Vinny, we can work something out.
Tulip bulb predictions 2022
From a bitcoin crash to regulatory crackdowns: Analysts give their top predictions for crypto in 2022
With heightened regulatory scrutiny and intense price fluctuations, some analysts are bearish on bitcoin's prospects.
www.cnbc.com
I read that this AM also…made me pause and thinking I’ll sell off profits, maybe sit on original buy in and if major dip, buy in much lower. I’ve been in since 2017 so it’s been a healthy ride UP.I'm posting someplace else without any financial postings.
Check your mail Vinny, we can work something out.
Tulip bulb predictions 2022
From a bitcoin crash to regulatory crackdowns: Analysts give their top predictions for crypto in 2022
With heightened regulatory scrutiny and intense price fluctuations, some analysts are bearish on bitcoin's prospects.
Thx for posting that info too.
After the games we'll have a few different concerts on the home theater in the background...Bozzie family tradition along with a bit of wine and maybe a little smoke too.
Great show .NO...super great show, worthy of a big screen and a decent sound system.
Merry Xmas fellas.
story
www.rollingstone.com
Concert
Great show .NO...super great show, worthy of a big screen and a decent sound system.
Merry Xmas fellas.
story
Black Pumas: Rise of a Psychedelic-Soul Force
Austin soul duo Black Pumas are up for a Best New Artist Grammy
www.rollingstone.com
Concert
still collecting BABA shares..it's been one long bad trip lately. not easy doubling down here.
News
www.cnbc.com
News
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks had sent the stocks plunging in New York and Hong Kong.
www.cnbc.com
huge...
seekingalpha.com
Alibaba: Buybacks Will Change Stock Trajectory (NYSE:BABA)
Alibaba is ramping up buybacks with annualized buyback. Read more to know why we could see BABA stock return more money to shareholders in the near term.
seekingalpha.com
