DHUnplugged #721: Strike That!
Listen now
Description
Bulls and Bears - (TDI Podcast running now is Bull and next week is Bear - will be interesting divergence) End of the Month - End of The Quarter Seasonality features the Bulls Fed Limericks! NEW CTP ANNOUNCED! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter DONATIONS ? Warm-Up - Bulls and Bears - (TDI Podcast running now is Bull and next week is Bear - will be interesting divergence) - Strike Update - could be an issue - Another Strike - different kind - Israel and Iran - VP Debate tonight Markets - End of the Month - End of The Quarter - Seasonality features the Bulls - Good quarter - setting up for more gains? - Question - Capital Gains?? - Inflation (PCE) Update --- Fed Limericks ....And anotherĀ  AI generated CoverArt - what do you think? ANNOUNCING CTP for INTC Market Selling Off - Iran sending in missiles to Israel started a general concern - VIX popped over 20 for a minute - Markets down 1%++, but found reasons to try to come back mid day Inflation - Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday. - The personal consumption expenditures price index, a measure the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation rate at 2.2%. - Excluding food and energy, core PCE rose 0.1% in August and was up 2.7% from a year ago. Fed officials tend to focus more on core as better measure of long-run trends. The respective forecasts were for 0.2% and 2.7% on core. Euro Cars - Not Good --- Blaming China.... - Stellantis on Monday trimmed its 2024 annual guidance on the back of deteriorating "global industry dynamics" and bolstered competition from China - The French-Italian conglomerate, known for brands such as Chrysler, Dodge, Jeep and Maserati, warned of lower-than-expected sales "across most regions" in the second half of the year. - Stock down 8% on the news - UK-based Aston Martin Global Holdings PLC has signaled that it expects lower profits for FY24 due to supply chain disruptions and a decline in sales in China. According to its trading update, the company now expects its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) to be slightly below FY23 levels. - In addition, it no longer expects to achieve positive free cash flow in H2 2024. Following the update, AML shares crashed by around 24% as of writing. - Stock down 43% YTD - What about RACE, Ford and others? China - WOW - Best Rally n Monday since... 1998? - Shenzen and Shanghai index up 8% on the back of: ---China's factory activity contracted for a fifth consecutive month in September as the world's second-largest economy struggles to revive its growth momentum. - China's industrial profits plunged by 17.8% in August from a year ago, the National Bureau of Statistics said Friday. ------ That followed a 4.1% year-on-year increase in July, the fastest pace in five months. -------Industrial profits covers factories, mines and utilities in China. -- While the data was better than expected, anything that shows weakness in the economy will be met with expections that there will be more easing.... -- Note: FXI (Hang Seng, up 2% - Could be time for short on parabolic move??) Hang Seng Interesting Tape - Headline at 11:30am Monday : Israel tells US that it is planning a imminent ground operation in Lebanon, according to Washington Post - Oil is steady - Markets turn positive - VIX falls abit - No fear of further escalation? Asia - Getting weird - Japan's Nikkei falls over 4%,
More Episodes
Where are all the smokers these days? DOGE - making promises. We are all turkeys - just gullible for every comment and promise. PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link...
Published 11/27/24
Wild ride for markets - election movers and groovers. Fed dousing the fire a bit. Inflation is still a thing. Nuke talk again.... PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on...
Published 11/20/24
Published 11/20/24