Macro, trading and Philadelphia Eagles Thoughts, comments and ideas are not investment advice.
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MCTrader retweeted
Today’s Census print on single-family housing starts was a head-scratcher. Homebuilders we survey (consistent sample size with minimal noise) saw starts per community drop -13% YOY nationally in July, with all regions falling except for the Midwest.
In order for the Census data to be correct on July single-family starts +7% YOY (NSA), builders would need to grow community counts ~+20% YOY, which is very hard to believe and doesn’t match what we're hearing, even from the big builders.
Donald Trump compares US strikes on Iran to atomic bombing of Hiroshima on.ft.com/4k6bcHi
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Walmart, $WMT, CEO has said customers are feeling signs of financial stress: "You can see that the money runs out before the month is gone, you can see that people are buying smaller pack sizes at the end of the month"
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$MSTR - MICROSTRATEGY FILES FOR OFFERING OF UP TO $21 BLN OF 8.00% SERIES A PERPETUAL STRIKE PREFERRED STOCK - SEC FILING
B. Riley $RILY and Benchmark named as agents on $QBTS sales agreement.
Two days later, B. Riley and Benchmark upgrade w/ price tgt increase on $QBTS and $RBTI...
I'm sure the two have absolutely nothing to do with each other... @SEC_Enforcement 🫣
Have to love this headline on quantum stocks...
'Rigetti Stock Rockets 1,860%: Did Insiders Miss The Quantum Boom?'
Yes - insiders are super bullish on the breakthroughs that they were dumping stock weeks ago...
They missed the boom right in front of their own eyes... 🤔
Sean McDonough trying to take credit away from Notre Dame when they were down their two best defensive players (both All-Americans) and one of their best offensive linemen...
I know, I know, when a SEC team loses, it must be a "down year". 🤦♂️
"This was not as good a Georgia team as we've seen in the past, but it's the best Notre Dame team we've seen in a very long time." - Sean McDonough on the call as Notre Dame takes down Georgia in the Sugar Bowl. 🏈🎙️ #CFP
The dollar is ripping faces, yields are unch'd, oil on a run and we have ppl piling into "quantum" stonks up 25% today...
And we're supposed to believe the end of year "dip" is a generational buying opportunity?
Oh, look... Fundstrat ran a data mining exercise to support its bullishness.
Also, water is wet...
Fundstrat: Soild returns when the S&P 500 is down 3 days in a row in the last 5 trading days of the year @fundstrat @fs_insight
fsinsight.com/our-services/
Strongest performers today are the only ones with negative YTD performance - mainly Energy and Metals...
Classic front-run of buy the losers for the January rebal...
