Economy stonks v27: banks, the kings of vega

[aerius]

Why is the market going up today, it it because of the NVDA earnings?

Because it can. There's no rational reasoning for it, trying to use logic & reasoning to play the markets these days doesn't really work.
I'd suggest looking into Behavioral Economics which studies how individual & herd psychology, emotion, hype cycles, culture, and stuff like that influences the markets & economy in general.

 

[rob mafia]

Why is the market going up today, it it because of the NVDA earnings?

tulip mania.

 

[BIKES!]

Print money gang. Green glory. BUD puts for the win

 

[rob mafia]

Print money gang. Green glory. BUD puts for the win

my mrvl puts went way better than my nvda short did.

watching the market get the semis all wrong re: ai is funny, though. ai is nvda's and pretty much no one else's.

 

[HOLA]

Well, congrats to Nvidia on hitting that $1 trillion club.

Although, like Meta and Tesla, they don't really belong there, and like Meta and Tesla, I suspect won't be there for long.

 

[HOLA]

Those AAPL shares I bought in the $120's are sitting oh so pretty right now. $183.

The headset thing doesn't make much sense to me, but the Apple cult will love it I'm sure.

 

[rob mafia]

Those AAPL shares I bought in the $120's are sitting oh so pretty right now. $183.

The headset thing doesn't make much sense to me, but the Apple cult will love it I'm sure.

ffs, sell.

 

[Gas121]

Looks like the SEC are going in hot on corndog and now looking to freeze Binance US based assets. BTC dumped and oddly pumped back up. Looks a good short perhaps. Cramer is saying strong sell though..

 

[rob mafia]

the sec's suing everyone, the saudis are cutting oil production, everyone's openly talking about being in a bubble, the treasury is unloading a gazillion bonds, banks are facing more regulation, there's constant china fud....

and the vix is under 14.

 

[Thepaintbucket]

I've been waiting for a dump pull back for a while now. Rip

 

[Gas121]

Nice sell off today, maybe a potential turn in markets but we'll see. Corn taking a beating. Short $COIN.

Let's see some volatility IMO, get the juices flowing again.

 

[TeTe]

Looks like the SEC are going in hot on corndog and now looking to freeze Binance US based assets. BTC dumped and oddly pumped back up. Looks a good short perhaps. Cramer is saying strong sell though..

And a court filing just leaked that Ginsler applied for an advisor position with Binance in 2019.

What a tool.

I'm sure this witch hunt is mostly pressure from the White House and not so much him. I mean how the fuck do approve Coinbase to be publicly traded three years ago and then turn around and sue them for supposedly selling unregistered securities this whole time.

 

[HOLA]

Dude I know left his cushy job at Morgan Stanley to go work for Coinbase lmao.

I think his wife is a real big wig at Goldman Sachs, so he'll be fine, but that was still not a good decision.

 

[HOLA]

LLY chillin with a P/E ratio of 71, and I've been buying. This completely flies in the face of my usual investing. I feel like a dirty WSB member.

 

[rob mafia]

this market's really fucking weird.

 

[rob mafia]

this site is aids.

 

[HOLA]

My portfolio would be absolutely obliterating its all-time highs if not for UNP.

My big tech - AAPL, MSFT, AMZN, GOOGL - have all gone on a very solid run, but it's not just tech. My ITOCY, PATK, WGO, URI, PKX, IESC...up, up and away!

Was adding to URI as low as $326 on May 15th. It's $410 now. Looks like a solid bet with EWBC so far too. Up 14.5% already.

Odd thing about my PATK: when earnings kept on rising for the last year or two, the stock kept on falling; now that the earnings are actually falling the stock keeps on rising! Up 25% just in the last month.

 

[HOLA]

This Tokyo Stock Exchange initiative is pretty hardcore...

"For the first time in decades, Japan stocks are back in vogue.

In the last few weeks, the benchmark Nikkei 225 and Topix indexes touched their highest levels in more than 30 years as foreign investors pour into Japanese equities with a consistency rarely seen in at least a decade...

“The recent Tokyo Stock Exchange initiative is a game-changing moment, because it’s going to challenge a lot of companies that are trading on less than one-time price-to-book to improve profitability and support their share price,” said Oliver Lee, a Singapore-based client portfolio manager, at Eastspring Investments.

The Tokyo Exchange Group recently finalized its market restructuring rules. Among the latest measures was one that directed listed companies to “comply or explain” if they are trading below a price-to-book ratio of one — an indication a company may not be using its capital efficiently...

The exchange said in March that half the number of its “prime” listings — the most liquid stocks with the largest market capitalization — and about 60% of those in the “standard” listings have a return on equity of less than 8% and are trading at price-to-book value of less than one...

These companies must now show how they plan to improve their capital efficiency, since the data points suggest they may be trading below cost of capital and therefore unlikely to be capital efficient. Part of those rules require them to demonstrate how they have engaged investors and to begin publishing public disclosures in English.

If a company doesn’t meet enhanced listing criteria by the end of the ongoing transitional period and a further year-long “improvement period,” its securities may be put under supervision and could face the prospect of delisting within six months...

Buffett’s May disclosures helped spur 10 straight weeks of net foreign purchases of Japanese equities. Foreigners bought a net $57.8 billion worth of Japanese equities in the last 10 weeks until June 3, according to Japan Ministry of Finance data."

 

[aerius]

This Tokyo Stock Exchange initiative is pretty hardcore...

"For the first time in decades, Japan stocks are back in vogue.

In the last few weeks, the benchmark Nikkei 225 and Topix indexes touched their highest levels in more than 30 years as foreign investors pour into Japanese equities with a consistency rarely seen in at least a decade...

“The recent Tokyo Stock Exchange initiative is a game-changing moment, because it’s going to challenge a lot of companies that are trading on less than one-time price-to-book to improve profitability and support their share price,” said Oliver Lee, a Singapore-based client portfolio manager, at Eastspring Investments.

The Tokyo Exchange Group recently finalized its market restructuring rules. Among the latest measures was one that directed listed companies to “comply or explain” if they are trading below a price-to-book ratio of one — an indication a company may not be using its capital efficiently...

The exchange said in March that half the number of its “prime” listings — the most liquid stocks with the largest market capitalization — and about 60% of those in the “standard” listings have a return on equity of less than 8% and are trading at price-to-book value of less than one...

These companies must now show how they plan to improve their capital efficiency, since the data points suggest they may be trading below cost of capital and therefore unlikely to be capital efficient. Part of those rules require them to demonstrate how they have engaged investors and to begin publishing public disclosures in English.

If a company doesn’t meet enhanced listing criteria by the end of the ongoing transitional period and a further year-long “improvement period,” its securities may be put under supervision and could face the prospect of delisting within six months...

Buffett’s May disclosures helped spur 10 straight weeks of net foreign purchases of Japanese equities. Foreigners bought a net $57.8 billion worth of Japanese equities in the last 10 weeks until June 3, according to Japan Ministry of Finance data."

Tokyo Exchange is essentially telling everyone to leverage the fuck up or else. What could possibly go wrong?

 

[Gas121]

Nikkei is absolutely nuts. Buffet was on to it somewhere in the middle wasn't he? But this pump is literally crazy stuff. I'm seeing megacaps over there double or triple (these are huge companies) but I am not seeing any major change in earnings. What's happening? lulz.

In other news where I'm from recession confirmed today. Seems things are getting really fired up here.

I am net short on this market now, it just doesn't add up but let's see. I mean a V shaped recovery in this macro environment and high interest rates, with a strong dollar makes not a lot of sense but I am to dumb to figure it out I guess.