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Traders' Insight
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For TSLA, Future And Present; Plus Hang Seng
If you haven’t learned by now that shorting TSLA is a dangerous proposition, this should be yet another reminder.
Google, How Does One Get A Stock Higher? And What’s Stagflation?
Things have changed in the past few months, but the tone of the equity market mostly has not. Good earnings from key companies can forestall changes in sentiment.
Zuck Says The Quiet Part About AI Aloud. Plus MSFT And GOOG
In the case of META, investors focused on two key negatives: lower second-quarter revenue guidance, and continued willingness to spend on areas like mixed reality and artificial intelligence.
All Eyes On Tesla Earnings Today
​​​​​​​The least magnificent of the “Magnificent Seven” so far this year reports after today’s close.
Monthly Expiration To Traders: “Remember Me?”
There were over 87,000 contracts on SPX 5000 strike puts that expired today. With SPX closing around 5010 yesterday, they already posed some risk to the overall market.
It’s Still An Uptrend, But…
The trend is your friend. This adage tends to work well in a wide range of market environments.
Towering Long-End Rates Stifle Construction, Stocks
While tighter monetary policy has helped to slow price pressures, home values remain at all-time highs.
Retail Sales Send Yields To The Nosebleeds
Economic growth shows no sign of slowing as households enjoyed shopping sprees last month.
PPI Eases Inflation Fears
This morning’s Producer Price Index (PPI) showed that wholesale price increases decelerated last month, pointing to softening inflationary pressures in the pipeline and the possibility of lighter consumer inflation in the coming months.
Mr. M2 To Mr. Market: “Hey, Don’t I Matter Anymore?”
We can see that money supply rose slowly in the 1960s, more quickly in the 1970s and 1980s, stalled a bit in the ‘90s, then generally rose exponentially, with a huge jump in the covid-era. 
Rising Bond Yields Risk Eclipsing Stock Market Gains
Except for the banking crisis of early 2023, stocks rose along with bond yields until the end of July. At that point, rates began to rise convincingly above the 4% level, and stocks began to suffer.
A Few Quick Thoughts About Payrolls And Recent Volatility
Another month, another upside surprise in Nonfarm Payrolls. Another day, and another bout of volatility.
A Double-Bottom In Oil Might Freak The Fed
The recent bounce in crude oil prices appears to be a potential double bottom.
A Sour Apple
One of investors’ favorite stocks has been underperforming the S&P 500 for several weeks lately, falling from $200 to $170 during that time frame.
Puts On Hard-To-Borrow Stocks Are Not A Free Lunch
As with any market price, the cost to borrow a stock reflects the relative balance of supply and demand. The vast majority of stocks have a plentiful supply of borrowable shares relative to the demand for shorting them.
Imagine If We Could Annualize This Quarter…
It sometimes feels like we’re going to continue to rally steadily and uninterrupted. But common sense tells us that seems impossible.
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