The key point from the inflation reading is that the economy is weakening much faster than anyone expected. That’s the key point to the fact the fed may not need to raise as fast as once thought. Mohammad Alerian thinks the Fed is going to be behind $Intc - just an extremely ugly quarter and most likely the worst quarter since it’s been a company … gelsinger the ceo hasn’t turned things around and is paid a fortune for this? How long is his runway? They gave horrible guidance ..: guy adomi quote “I don’t know what the hell they are doing .. margins at 9% vs street looking at 18% … they couldn’t intentionally do worse” $Apple - not as bad as expected … if we open above $160 we are going to $180 - they see inflation and they are still hiring but on a deliberate basis … apple is above its 200 day moving average $Amzn - way up on earnings and says demand increases unlike Walmart so it looks much different - if we open above $140 that is going to mean a good run here $Roku way down near $60 - it’s up slightly but they are expecting advertising to reduce and does this become a takeover but it’s mainly hardware … who wants that? $Tqqq up at $32 so you’ve got incredible week so far $Kold had a big day $Run and other solar stocks were just killing it with the manchin agreement $Plug up 20% $Tsla up with the new spending bill including ev credits without the Union provision $Qcom should go up if apple is seeing increased iPhone sales $Msft way up $Spg - remember this fav? It’s at $107 $Siga up 20% again This week reminds me of what my fidelity trading coach said to me and I have written down “trash turns quick so be prepared” $Fcx - up nicely $Rio up above $60 / commodities are rising Look at $gold $F and $flng $Wec $Sgml and $nio $Apph $UPRO $SPXU $TQQQ $SQQQ $SARK $Tblt short squeeze $Siga crazy good $Govx $Plug $fcel $sunw $run $spwr $nova $SEDG - manchin votes yes and they are calling it anti inflation act … thr problem is it’s spending … I don’t agree with it but remember … trade it $ENPH $Baba getting crushed $Cvx up 4%with $11.6 billion profit… $5.82 per share… huge $Xom up as well… 2% up on the news Get ready for $DVN $Oxy and $fang Oil is up on supply issues $Gety images way up Kind of agree with bill Ackman on this market …. If we see inflation even close in the next month without a fed meeting … we will see the crash I assumed happens … but until then … trade the trend - and FYI- Ackman has Covid $Ethe $Gs $EPD - great dividend Nat gas plays emember - $BOIL - $CRK and $VET are also $LNG plays $MPLX have huge dividends $EGLE - pivot at $70 $GNK - pivot at $26 $GRIN pivot at $26

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related