The stock market

[wader]

I don't get it. An excellent jobs report & the Market goes into the toilet,

 

[movetheboat]

I don't get it. An excellent jobs report & the Market goes into the toilet,

signals a still too hot economy requiring more rate cuts etc.......what's good is bad and whats bad is good...kapeesh?

 

[BennyV]

I don't get it. An excellent jobs report & the Market goes into the toilet,

Market stopped trading on fundamentals a long time ago. It’s all speculation now. I’m just waiting for this housing market to tank. Going to take a little time, but it’s going to happen.

 

[longcast]

Market stopped trading on fundamentals a long time ago. It’s all speculation now. I’m just waiting for this housing market to tank. Going to take a little time, but it’s going to happen.

Homebuilders see 'housing recession' as sentiment plunges to fresh 2-year low

Builder sentiment in the market for single-family homes plunged in August to the lowest level in two years, indicating the housing market is officially in a recession.

www.foxbusiness.com

 

[movetheboat]

monster rally off 3600...commodities falling....jobs galore......oil crashing.....wages up......SS increased......property values record highs.... SAVERS making money...job participation up SCHWING!!!!!

Crude Oil WTI Futures - Sep 22 (CLU2)​

86.94
-2.47(-2.76%)

WHAT HAPPENED TO 140 A BARREL???? HEHE

LGB

 

[CELLFISH]

$$$ 775 Billion, up ya assk… LoL

 

[wader]

doing well inspite of the projections for FY 23

Let's see if it holds into the close & tomorrow.

Estee Lauder tops fourth-quarter estimates, disappoints on fiscal 2023 outlook

Yahoo Finance Live anchors discuss fourth-quarter earnings for Estée Lauder.

finance.yahoo.com

 

[cany]

Took A Beating today

 

[longcast]

Housing market records sharpest decline in sales in almost two decades: report

The sharp decline shows the lagging effect of the increased mortgage rate on the housing market, with prices still higher than the same time last year despite declining.

www.foxbusiness.com

 

[longcast]

US economy likely to face recession by year's end as growth continues to slow, report says

The Conference Board's leading economic index dropped for the fifth consecutive month, suggesting the U.S. economy is slowing and could be headed for a recession.

www.foxbusiness.com

 

[longcast]

Cooling housing market: Idaho, Colorado, Utah sellers drop prices in July

Sellers across every major U.S. metro have dropped their asking prices in July as more buyers backed out of the market in part because of high mortgage rates.

www.foxbusiness.com

 

[movetheboat]

Sept and OCT can be very spooky....maybe test those 3600 june lows and ramp into the end of the year. Especially if that inflation level gets closer to the 2% the fed is aiming for and housing cools off some more. So far the FEDS plan is working because some don't know the idea is too tame prices and force a recession...just a matter of a hard or soft landing....SOFT being preferred

 

[longcast]

GDP shrank at revised 0.6% rate in second quarter, signaling US remains in technical recession

The Commerce Department said in its second reading of second-quarter GDP data on Thursday that the economy shrank less than was initially reported in the spring.

www.foxbusiness.com

 

[wader]

Nice little rally going into the close...

Was up $12+ a share at one point.

 

[wader]

Nice little rally going into the close...

Was up $12+ a share at one point.

so much for that - it dropped $12 share after hours.............

 

[movetheboat]

so much for that - it dropped $12 share after hours.............

i show 277 daddy

 

[wader]

i show 277 daddy

yeah - noticed that last night - seems to haver recovered prior to the open

 

[movetheboat]

yeah - noticed that last night - seems to haver recovered prior to the open

it was probably an out of sequence trade...don't trust after hours

 

[movetheboat]

s+p up 15% from june LOW...SCHWING

 

[movetheboat]

Powell announces they will stick to it regarding rates until the desired goal is met