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Our Substack picked up 50 subscribers in the past 7 days so I want to welcome everyone who recently subscribed. It means the world to me. I want to build a great community of thinkers and traders who have similar goals, one of independence from a “Steady job” through financial markets. But also traders and investors with different time horizons and trading styles so we can share ideas with each other.
Discuss Doomberg leaving X formerly Twitter.
PS Holy $hit…If you play my podcast at 1.25x speed, I actually sound a little like the chicken!
I watched Bloomberg TV today and they marched on an army of talking heads to vindicate Yellen and the US. And act bewildered by Fitch’s downgrade or dismissed it.
Yellen dismissed it altogether.
Rating agencies are commission eating sell side shills.
Devils advocate. Hey they downgraded USA in 2011 and prices are higher today than 2011.
Until you see $ES_F 4185 break down we are still in bullish waters. AAPL 0.00%↑ AMZN 0.00%↑ could change everything tomorrow. i.e Apple could say we are revealing a $20k EV going on sale in 2024, YAY!
I recommend watching this interview of Paul Taubman, CEO of PJT Partners by Bloomberg.
Defensive names and sectors were green.
Drug co, healthcare, $ABBV, $P, $SBUX, $MCD, Walgreens WBA 0.00%↑
3:19pm breadth was weak.. no dice …
Strong - Swimming upstream in sea of red
CVNA 0.00%↑ up 5.5% intraday, but down 1.81% after hours
EXTR 0.00%↑ up 8.51% on earnings
YOU 0.00%↑ up 3% ah on earnings (clearme). Was up 5.37% intraday
DASH 0.00%↑ up 4.5% on earning ah
Weak
QCOM 0.00%↑ down 2% ah earnings
ETSY 0.00%↑ down 2.5% beats but guides low
PYPL 0.00%↑ down 3% after earnings
WIX 0.00%↑ down 5% ah earnings
AFRM 0.00%↑ down 9%
HOOD 0.00%↑ down 3.5% losing users
Z 0.00%↑ Zillow down only 1.9% after earnings ah
SHOP 0.00%↑ down 7% but wishy washy ah earnings
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