Day 10: Rate Cuts
Today $S&P 500 Index (.SPX.US)$ took a plunge at the initial and rallied to stay GREEN. Mixed results due to uncertainties with $Tesla (TSLA.US)$ at the bottom of the Magnificent 7 stocks.
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$NVIDIA (NVDA.US)$, $Apple (AAPL.US)$ & $Amazon (AMZN.US)$ Climbed to green but not recovered to previous levels yet. ![]()
$Alphabet-C (GOOG.US)$ , $Microsoft (MSFT.US)$, $Meta Platforms (META.US)$ & $Tesla (TSLA.US)$ didn’t do as well as expected![]()
$Tesla (TSLA.US)$ delivery numbers missed expectations by a slight amount, which market reacted strongly against it.
Made a call option yesterday that didn’t 🚀, Still bullish for 10/10 ![]()
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10baggerbamm : rate cuts are potentially fucked how's that for a starting sentence.
because of the organized mob leader that's running the ports which are now on strike over 40,000 workers are sitting on their ass waiting for this piece of shit extortionist and basically a terrorist cuz that's what he is to get more money from the companies and to prevent further automation and any automation to the loading docks.
this piece of shit who came out and said I will cripple you meaning the United States if he doesn't get his way, if this strike goes for more than a few days it will take weeks to get all the ships back into the queue unloaded back to their original ports to pick up goods to bring back to the east coast and to the Gulf Coast.
if it goes for 2 to 3 weeks you're talking about GDP that will be affected you are talking about inflation that will Spike just like during covid.
and if inflation spikes chairman Mao of the Federal reserve because he uses trailing data he will be less inclined to lower rates a quarter point at the next meeting and a quarter for the last meeting of the year.
so if you think rate cuts are coming I suggest you take a real close look at the strike that's taking place on the East Coast because that and that alone is going to determine if there are any rate cuts.