Money & Economics
- Thread starter bigredfish
- Start date
PPI up - producers paying more for materials. Translates to higher finished goods prices
More tariffs being passed through to consumers
More tariffs being passed through to consumers
A bit lengthy but does a fair job of explaining the head scratching going on today.
Everyone expected and futures confirmed, a big down day.
Since, Stocks have rallied and Gold/Silver got whacked.
Oil up a bit but nothing crazy
I've come to the conclusion that the market is so short sighted, that its truly one big day trading platform./casino
The days of "the market predicts the future" are long gone. If it doesnt effect the price of one of the big 7 AI firms or directly effect domestic Oil price, Today, , it simply doesnt matter.
Unless we see Israel lob a nuke or large American casualties, nobody really gives a shit what happens beyond their desk/office/home
Look at Venezuela as another example.
American's simply don;t give two shits what happens outside our borders or inside for that matter, as long as it doesnt directly effect "me", "today"
Long term consequences are simply not considered relevant anymore.
Best advise: Treat the market as a day trader casino. Hold nothing overnight, ignore common sense, valuations P/E, all of it.
If its mentioned in good light by the White House or Presstitutes, Buy it, just make sure and dump by the end of the day.
Everyone expected and futures confirmed, a big down day.
Since, Stocks have rallied and Gold/Silver got whacked.
Oil up a bit but nothing crazy
I've come to the conclusion that the market is so short sighted, that its truly one big day trading platform./casino
The days of "the market predicts the future" are long gone. If it doesnt effect the price of one of the big 7 AI firms or directly effect domestic Oil price, Today, , it simply doesnt matter.
Unless we see Israel lob a nuke or large American casualties, nobody really gives a shit what happens beyond their desk/office/home
Look at Venezuela as another example.
American's simply don;t give two shits what happens outside our borders or inside for that matter, as long as it doesnt directly effect "me", "today"
Long term consequences are simply not considered relevant anymore.
Best advise: Treat the market as a day trader casino. Hold nothing overnight, ignore common sense, valuations P/E, all of it.
If its mentioned in good light by the White House or Presstitutes, Buy it, just make sure and dump by the end of the day.
Pretty obvious today that most reporting and comms out of the ME are being highly censored.
Yesterday it was a flood of reports and live video, today nothing.
A number of sources have created new accounts to let folks know that their posts and reporting is being rejected outright before even a chance to screen it.
Note that ":approved" messaging is getting through. That favorable to Israel/US
Little reporting on Iranian damage to US bases and supporting Arab countries infrastrucure, like Desalination plants, oil terminals, radars, ammunition dumps, etc that we saw yesterday
Also not getting through is intense bombing of downtown Tehran
Its not going as well as planned and they are hiding things that they dont want seen.
Sad
This is effecting markets as a lack of information, uncertainty, is the markets worst enemy.
Oil and Gold both powered back throughout the day and stocks lost most of their rally attempt.
Yesterday it was a flood of reports and live video, today nothing.
A number of sources have created new accounts to let folks know that their posts and reporting is being rejected outright before even a chance to screen it.
Note that ":approved" messaging is getting through. That favorable to Israel/US
Little reporting on Iranian damage to US bases and supporting Arab countries infrastrucure, like Desalination plants, oil terminals, radars, ammunition dumps, etc that we saw yesterday
Also not getting through is intense bombing of downtown Tehran
Its not going as well as planned and they are hiding things that they dont want seen.
Sad
This is effecting markets as a lack of information, uncertainty, is the markets worst enemy.
Oil and Gold both powered back throughout the day and stocks lost most of their rally attempt.
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