DiabloWags said:

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Trumpanzees have reading comprehension stuck at the 6th grade level.

GAAP and non-GAAP earnings per diluted share were $1.08 and $1.05, respectively.

NVIDIA Announces Financial Results for Second Quarter Fiscal 2026 | NVIDIA Newsroom

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Will even demented clowns admit it was an earnings beat, and it dropped for other reasons (just like Tesla which has since gone up up up)? Whether or not RH was off by a penny doesn't matter here, at all. Non-demented traders have a better grasp of things than demented dogs who can't learn new tricks.

Edit

MSN: "GDP Gains Show Tariffs Not Hurting Prices Or Consumer Spending, Says Bessent"

Coffee prices are going to spike as a result of the combination of tariffs on Brazil and Trump playing hardball with them, they're cutting off the US and diverting their production to China. A bit similar to what happened with soybeans, where China substituted its imports from the US to Brazil.

Cal88 said:

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Coffee prices are going to spike as a result of the combination of tariffs on Brazil and Trump playing hardball with them, they're cutting off the US and diverting their production to China. A bit similar to what happened with soybeans, where China substituted its imports from the US to Brazil.

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Correct.

They spiked 14.5% in July from a year ago and that's before the 50% tariffs on imports from Brazil.

Prices were already heading up from adverse weather conditions which lead to a 39% surge in 2024 from average levels a year earlier.

My favorite blend at Peet's Coffee is at $24 a pound.

The neutral PCE numbers militate toward a reduction in rates by the Fed. That, in turn, will produce positive housing industry expansion and lending activity at long last. Wages will be going up as deportation of illegal aliens impacts the work force. Glad I kept my powder dry and bought the nice dips over the past year; quarters 3 and 4 going to be great!!

Fascist Keynesianism should also help the economy as billions are funded to thugs, who otherwise have little of value to offer society, to roam our streets in masks and disrupt the more productive parts of our society.

76BearsFly said:

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The neutral PCE numbers militate toward a reduction in rates by the Fed. That, in turn, will produce positive housing industry expansion and lending activity at long last. Wages will be going up as deportation of illegal aliens impacts the work force. Glad I kept my powder dry and bought the nice dips over the past year; quarters 3 and 4 going to be great!!

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Core PCE is still well above the Fed's target at 2.9%

If Powell and the Fed "cave" in to Trump's relentless pressure to lower rates, you're not going to like what happens to the long end of the curve and the ultimate impact on stocks.

One would have to be on drugs to think that there is evidence of "restrictive" monetary policy (rates too high) given where the unemployment rate is, where the S&P 500 is trading, where meme stocks are trading, and where Bitcoin is trading.

Holy. Shit.

Atlanta Fed is now projecting that Q3 GDP will be +3.5%… a massive expansion.

The US economy is running HOT. pic.twitter.com/wMBEctpQqS

— Geiger Capital (@Geiger_Capital) August 29, 2025

Another reason NOT to lower rates.

The nowcasts of third-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth increased from 2.2 percent and 4.4 percent, respectively, to 2.3 percent and 6.1 percent, while the nowcast of the contribution of net exports to third-quarter real GDP growth increased from -0.36 percentage points to 0.59 percentage points.