Tesla is down 10% and near the low of the day.
Amazon is being "panic bought"
TSLA and AMZN are both about 20% of the consumer discretionary sector.
S&P 500 Index (SPX) has about 0.4% before triggering a larger down move of about 2%.
Tesla is down 9% and SPX 0.5% at the moment. If a correction is contained to arouod 2%, the losses should remain concentrated in momentum stocks.
If rates are going higher, a chart of interest rates will look like the VIX.
A: 10-year yield is going negative because the economy is trapped by a credit bubble, demographics, govt and central bank intervention.
B: Rising rates are a self-fueling panic into a new equilibrium, burst the credit bubble. Game over CBs.
I expect oil will drop, but if it doesn't and runs to $100, that will add more than 1 percentage point to CPI and PPI inflation, the highest level since the early 1980s. Last time that happened, interest rates were double digits.
Crash scenario for the market: rising interest rates in response to Fed policy. QE makes interest rates go up, not down, by lifting inflation expectations. The Fed needs lower rates to do more QE. If the market falls because of higher rates...panic.
Behind ZH paywall. The forecast for the stock market is vertical advance and when that ends, so does the bull market.
https://tpow.app/f6d963e0
The Cathedral has ordered a hit on the American Middle Class and Lael Brainard is taking the contract.
What is your country's Gayness score?
$XLE and $XLY two biggest shorts currently.
Stock market bears are totally demoralized. The end game is underway.
More subtle approach: use the green agenda as economic warfare by driving up energy costs for foreign economies.
Machiavellian populist agenda: exit from green deals by trolling Europe as hard as needed for retaliatory green tariffs that ignite populist support for leaving WTO, NATO and UN.
$CRLBF $VRONF $TRSSF $CURLF $TNNCF many holdings of MSOS have good setups.
$MSOS could run above $32.75
If crude oil breaks out and adds another leg to its advance, Brandon's poll ratings will slide into levels associated with impeachment.
$XLY
$211.06 low from Friday. If it doesn't close the gap, that's an island reversal.
WSB turned into cucks real fast.
Coming up on horizontal. $UUUU
Knowing government and corporate lobbying, I don't see why this might not eventually consider nearly every metal "critical" turning bill into giveaway to domestic mining. I can already see a coming Deep State clash between DOE + DOD on one side and EPA.
