In 2008-09, when the Fed started quantitative easing, I thought that inflation would take off. I was wrong. Instead, velocity - the rate at which money turns over per year - declined, taking away its inflationary sting. Velocity still is falling.
Today, $TSLA announced that in the third quarter it sold 241,300 vehicles globally, up 73% year over year (YoY) and 20% quarter over quarter (QOQ). Meanwhile, $GM blamed the ~33% YoY decline in its US sales on chip shortages. What? #EVs require 3-5x more chips per car produced!
$ES_F $SPY $SPX rising wedge pattern, if breaks 3385 we'll see 3425.. otherwise a retest of 3355-3300 possible, not seeing any catalyst for a leg up. Good night
$NDX $QQQ $AMZN $NVDA $TSLA $AMD $ROKU
10 year yield going crazy, if rates increase $SPX $QQQ in deep trouble, that's why the profit taking.. $ES_F watch out for 3355 level $NDX_F $NDX $COMPQ 11140
$NDX $QQQ double top, now near neckline of iH/S, if that can't hold it will get ugly
$SPY $AMD $AMZN $NVDA $ROKU $FSLY $AAPL $MSFT $ES_F $XAUUSD $GLD $SLV $KODK $TSLA $TSLAQ $SHOP $QCOM $INTC
@TicTocTick Dropped revenue YoY, bad forecast.. hardware makers should benefit from lockdown. Couldn’t adapt fast to changing mkt demand.. lack innovation
@TicTocTick middle management, manual labor will always be backed up by fiscal spending and incentives to push the unemployment down.. the problem is creating well paying jobs for most citizens
Given the below factors, I'm building a big cash position -
- tripling/quadrupling of some of my stocks in 4 months
- extremely over-stretched technical position
- very rich valuations
I normally don't do this but stocks don't usually triple in 4 months; will re-invest later.