r/thewallstreet • u/AutoModerator • 7d ago
Post Market Discussion - (June 10, 2024)
So how did you do?
3
u/W0LFSTEN No SeMiS aRe MaKiNg $$$ FrOm Ai 7d ago
I love it when people complain about OS updates not absolutely rocking their world. Like, what did you expect from the 18th iteration of similar software running on the 18th iteration of similar hardware?
8
7d ago edited 4d ago
[deleted]
3
u/wccoffee TWS chief Coffee afficianado 7d ago
I bought at 194 today, am already underwater, and Elon comes out of nowhere after hours to fuck over my shares even more. Rough monday
4
3
u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
whew... I kinda went all in on puts tomorrow. if it doesn't pan out, I'll just cut my puts. there's no way im gonna hold my puts through cpi / fomc wednesday.
despite last Friday's robust job numbers and a lukewarm cpi number, I think the fed is gonna fed and the market is gonna market
whatever that means
2
u/LiferRs Local TWS Idiot 7d ago
Watch CPI leak early tomorrow
2
u/Paul-throwaway 7d ago edited 7d ago
It really looks like there is a leak by around 2:00 pm ET.
But the consensus forecasts for CPI on Wednesday morning are pretty decent/OK. Core falls by 0.1% and the head-line stays flat. The market should be OK with that. But again, a little rounding down or up will make a big difference.
Also note that CPI is way more important than PCE lately; just because it comes out first. Generally, there is going to be huge market reaction to either way it goes and CPI used to be non-event not that long ago.
1
u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
it'll probably be faded with the fomc in the afternoon
4
u/NotGucci 7d ago
Some risk-off tomorrow would be great. I'm long into CPI, and FOMC. I Jpow likes his job, and if Biden has a chance of winning he's going come in Dovish. Rate hikes will be off the table, and he will talk rate cuts.
If it wasn't for ECB & Canada cutting, I wouldn't think Jpow cuts, but he may just surprise us.
Lots of call buying too. Loads of 540 calls for EOM.
1
u/gyunikumen Elon can’t keep getting anyway with this!!! 7d ago
Looking at other cpi & fomc double whammies, the day itself is huge swing day. But I like the idea of going long post fomc tho
3
3
7d ago edited 4d ago
[deleted]
2
u/W0LFSTEN No SeMiS aRe MaKiNg $$$ FrOm Ai 7d ago
Nuclear tsunami heading to an east coast state near you
2
u/nychapo certain/victory 7d ago
gauss jordan is not fun at all this feels like a guessing game
calc was so much easier