Cal88 said:

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DiabloWags said:

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bear2034 said:

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Remember when the Biden/Kamala admin proposed taxing unrealized gains?

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Remember when BITCOIN was at $100,000

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Up 12% ytd, and up 1,465% over 5 years.

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Facts.

DiabloWags said:

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bear2034 said:

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Multiple 30% drops are normal on the way to Valhalla.

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Good luck with that.

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Periodic reminder. 2016-2017 bull market (which current bull market mimics) had multiple -30% dips on the way up. Have to get rid of the tourists. pic.twitter.com/mSi4kOvGHA

— PlanB (@100trillionUSD) February 25, 2025

When in doubt, zoom out.

M2 in blast off today. 🚀

— Anthony Scaramucci (@Scaramucci) March 11, 2025

Say it aint so, Mooch, I thought we had to wait till the end of the month?

It's been a fake economy, everybody, so you needn't worry.

Donald Trump was just asked about the stock market crashing daily. His response: "It's a fake economy."

Wtf. pic.twitter.com/fN7QR4dEZg

— CALL TO ACTIVISM (@CalltoActivism) March 11, 2025

"It's a fake economy"

Bwahahahahahahahahahahahahhaaaaaa!!!

CPI comes in for month of February at +0.2% and lower than expected.

+2.8% over the last 12 months.

CPI Home : U.S. Bureau of Labor Statistics

DiabloWags said:

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CPI comes in for month of February at +0.2% and lower than expected.

+2.8% over the last 12 months.

CPI Home : U.S. Bureau of Labor Statistics

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Yeah but core is this at 3.1%. I think that is the main problem for the administration as it is hard to see the Fed cutting when you have that. Shelter is still running at 4%.

It is welcome news but one of the reasons why the Tariff stuff is just awful economics (and politics) because in the short term it isn't going to lower inflation which means minimal interest rates cuts which will keep confidence lower than it should be which means increased risk of recession/low growth.

Really the adults have left the building when you have a failed UC Irvine economist serving as the main author of industrial policy. He really is an idiot and I remained STUNNED how he got tenure.

56 percent disapprove of Trump handling of economy: Survey

https://thehill.com/homenews/administration/5190289-donald-trump-handle-economy-cnn-survey/

Gas prices down, mortgage rate down, egg prices down, inflation rate down.

— End Wokeness (@EndWokeness) March 12, 2025

US mortgage rates drop for the 6th consecutive week

— unusual_whales (@unusual_whales) March 12, 2025

INBOX: US gas prices hit lowest March level since March 2021, per GasBuddy.

— Election Wizard (@ElectionWiz) March 12, 2025

25% of jobs added in the US economy over the past two years were government jobs, up from 5% in 2021 and 7% in 2022, per Apollo. pic.twitter.com/pfiaZMwdUr

— unusual_whales (@unusual_whales) March 12, 2025

Bidenomics - flood the swamp

1 out of every 4 new jobs added to the economy the last two years were government jobs!

Or I'm LMFAO about this . . .

And this Clown is supposed to be able to "fix" government?

He can't even "fix" his own Cybertruck!

lol

DiabloWags said:

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Or I'm LMFAO about this . . .

And this Clown is supposed to be able to "fix" government?

He can't even "fix" his own Cybertruck!

lol

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They are halting deliveries and will fix it. New model cars occasionally have issues. This issue will be fixed.

He posted the same thing 4 times in 2 minutes.

bear2034 said:

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He posted the same thing 4 times in 2 minutes.

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I'm so happy that you can count to 4.
You've come a long way.

oski003 said:

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DiabloWags said:

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Or I'm LMFAO about this . . .

And this Clown is supposed to be able to "fix" government?

He can't even "fix" his own Cybertruck!

lol

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They are halting deliveries and will fix it. New model cars occasionally have issues. This issue will be fixed.

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Velcro.

DiabloWags said:

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bear2034 said:

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He posted the same thing 4 times in 2 minutes.

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I'm so happy that you can count to 4.
You've come a long way.

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Now it's your turn to count my posts.

I can't believe you, Oskie, and Mr. Movielover aren't talking about how Consumer Sentiment data was released today showing that it fell to more than a 2 YEAR LOW.

The preliminary March sentiment index dropped to 57.9%, the lowest level lsince November 2022 from 64.7% a month earlier according to the University of Michigan data issued today.

Why would Consumer Sentiment plunge to a 2 YEAR LOW under President Trump?







https://www.bloomberg.com/news/articles/2025-03-14/us-consumer-sentiment-drops-price-expectations-soar-on-tariffs?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc0MTk4NzU0OCwiZXhwIjoxNzQyNTkyMzQ4LCJhcnRpY2xlSWQiOiJTVDQ5SFZGMlFWSU0wMCIsImJjb25uZWN0SWQiOiI0QTE0NjgyRTVEQjI0RDgyOEVGOTIxMzA1M0U4NzhDMiJ9.c_SpbGvkTaOLNtb0AudQrZtsPmDXXrnR4dPWrUpihNo

"Counties that voted for President Donald Trump have a greater share of workers in industries targeted by retaliatory tariffs."

A trade war could hit these communities hardest


https://washingtonpost.com/business/2025/03/10/canada-china-tariffs-american-jobs/

Sympathy song for Trump voting counties now suffering from his Trade War:

Latest reading out today after Retail Sales was announced at only 0.2%

- 2.1%

Big data day tomorrow: Housing starts, Industrial Production, and Capacity Utilization.

Feb retail sales only 0.2%

Dow Jones had forecasted 0.6%

https://www.cnbc.com/2025/03/17/retail-sales-increased-0point2percent-in-february-less-than-expected.html

GDPNow ticks up to -1.4% on latest data:
Housing starts (+11.2%), industrial production (+0.7%), and capacity utilization (78.2%).

MAGA!!!

The most powerful man in the United States will be wrapping up 2-days of FED Committee Meetings going over monetary policy. He makes his typically scheduled press conference at 11:30 AM PST today and invites a usually most robust Q&A which almost always impacts the financial markets.

Should be highly interesting commentary given the current Administration's fascination with TARIFFS that are clearly inflationary.

PS. There is a short-term cycle low coming in right here for the U.S. stock market.

A very Oversold Market found some reassurance in what Powell had to say.

There will be a slow down in the run-off of Treasuries to reduce the balance sheet.
Moving from a $25 billion cap per month to only $5 billion per month.
Thus, QT and this process of decreasing the balance sheet will take
longer than planned.

Was helpful to the 10-year.

He could have been more "hawkish".
But he wasn't.

He did note that surveys on inflation expectations have increased.
But he seemed to "downplay" those surveys because they are short-term and can be highly emotional.

He implied that he would not push back (pre-emptive action) on the Tariffs and deems their inflationary impact as "transitory".

Seems to be a higher tolerance for inflation by the Fed.
Can't believe J Powell used the word "transitory" again.

But we all know that Jerome Powell thought that inflation was "transitory" 2.5 years ago and how did that work out?

Interestingly enough, not a single reporter asked about the imposition of reciprocal tariffs on April 2nd.

They cut GDP growt to 1.7%
And increased Unemployment to 4.4% for the year.
Kept their forecast of 2 rate cuts for the year.

SPX +85 at 5700 with 40-minutes left.

SPX close +60.

Federal Open Market Committee March 2025 press conference | American Banker

Thank You President Trump!

• FedEx revised its outlook downward, citing "weakness and uncertainty" in the US industrial economy.
• The shipping giant said its freight and business-to-business demand were soft in the third quarter.
• Shares of FedEx stock fell roughly 5% in after-hours trading.

FedEx is flashing a yellow light on the economy.

https://www.businessinsider.com/fedex-warns-of-weakness-and-uncertainty-in-us-industrial-economy-2025-3

Stocks snapped a 4-week losing streak this week with the S&P finishing up 0.5%

Looks like today's "triple-witch" expiration of options and futures caused a nice push into the close.

A ton of economic data will be coming out all next week.

And of course, more tariffs on April 2nd.

U.S. Economic Calendar - MarketWatch

More signs of slowing from the Richmond Fed today after stocks jumped yesterday on Tariff Shift and the S&P Global Flash PMI showed that growth accelerated in March due to an upturn in SERVICES.

U.S. Mid-Atlantic Manufacturing Activity Falls Back Richmond Fed | Morningstar

Heading into the crapper.

MAGA!!!

SO MUCH WINNING!

It also didn't help that the latest data showed US consumer sentiment tumbled to a more than two-year low while long-term inflation expectations jumped to a 32-year high as American anxiety over Trump's handling of the economy continues to build.

The final March sentiment index declined to 57 from 64.7 a month earlier, according to the University of Michigan. The latest reading was below both the 57.9 preliminary number and the median estimate in a Bloomberg survey of economists. Consumers expect prices to rise at an annual rate of 4.1% over the next five to 10 years, the data released Friday showed. That's the highest since . . . wait for it . . . wait for it . . . 1993.




MAGA!!!