The equity market correction is not over—not based on the 2-year yield, certainly. 🧵 https://t.co/yOfkGXbqMU
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The British Pound has fallen to its lowest level since 1985 against the US Dollar, down 46% from its peak in 2007. $GBPUSD Charting via @ycharts https://t.co/kNGxxcVdFY
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Talking to some people who can give us some real insight on the bounce tonight...
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Such an extremely moving, very dignified, and exceptionally special funeral service for Her Majesty The Queen. It was a deep honour to represent Queens’ College at this historic event. #ElizabethII #FuneralQueen @QueensCam @Cambridge_Uni https://t.co/SwLHaDELYF
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Rarely do I post weekly crop reports but the figures are quite tight at the moment: Weekly USDA crop progress report indicates 52% of corn crop is in good or excellent condition.
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41% of Russell 1,000 stocks are now down from the pre-pandemic high, and 20% are down 20%+. Of the biggest losers, there's representation from every sector except Energy. Boeing and Intel are down the most at -56%. https://t.co/emogR5Harb https://t.co/mO2Opvvayy
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How's your trading going today, are you staying disciplined? I made a terrrrrribly undisciplined trade this morning on $SHPH so I've put myself in timeout. Not too bad of a loss since I had small size, but seriously boneheaded AF and I still can't believe I did it. Burpees for me
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New York lost more residents than any other state between April 1, 2020 and July 1, 2021, according to the U.S. Census Bureau population estimates. https://t.co/H9gw0SHwFJ
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How far will the Fed go? Expectations for the terminal rate have climbed to 4.4%, after which the market would anticipate five rate cuts, back to what is likely considered the neutral rate (at least according to the Fed’s own dot plot). But it's a constantly moving target. https://t.co/RM3KXxDbxd
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UK retail sales are down 5.4% over the last year, the 5th straight month of negative YoY growth. This is what a recession looks like. https://t.co/XAx2d7Sh5Z
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Over the next two weeks I will be back testing, trying new strategies, and working on growing a small account through Options. When I do this Small Account Challenge, I am doing everything in my power to make sure I get you above the PDT rule. I am doing the work now for you! https://t.co/VerOuh2qoo
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The Fed needs the cost of capital to rise, and on that front, it has been mostly successful. In fact, only one asset class hasn’t reset as much as interest rates: Equities. https://t.co/jb8v00VUQN
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