Podcast EP 72 #YOLO (Oct 18)

$SPY $QQQ $IWM $ES_F $VIX $AAPL $AMZN $META $MSFT $NVDA $TSLA $TLT $TBT

Oct 19, 2023

Transcript

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Show Notes

Summary of the day

TSLA closed at 242.50. Down 4.8% on day ahead of earnings after market. TSLA had a big miss on cashflow.
“It's an amazing product but I do want to emphasize that there will be enormous challenges in reaching volume production with the Cybertruck and then in making the Cybertruck cash flow positive,” Musk said during Tesla’s earnings call on Wednesday.
“While I think this is potentially our best product ever — I think it is our best product ever — it is going to require immense work to reach high-volume production and be cash flow positive at a price that people can afford.”
NFLX closed at. Down 2.69% on day ahead of earnings after market. Price increases coming on subscriptions
Transports sort of crashed
JB hunt down after earnings
CAT down big
PCLN down big
LTCN down big after hours after earning
MS down big new yearly lows
GS gave back all of earnings pop. New yearly lows
BLK close to new yearly lows
broader markets red open and sold off all day
Posted below at 9am
DONT MISS: Citadel LLC’s Battle with the SEC: What You Need to Know. By Bill Cara
10 yr yield 4.9%
Leaked recording by LEN executive
“The cost of buying down rates has tripled and we have to keep doing this.”
“Private builders are under tremendous stress”
“We are promising 10% increase in volume when our competitors have not given you that commitment”
“Asking all partners to take less to pass the savings to customers”
“We have a lot of land”
youtube.com/live/sBtEqiYpQR4
Closed at the day lows
NVDA and TSLA being sold off hard
3:10pm