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Lights end of tunnel?

johnNjohnN
edited October 2022 in Other Investing
https://investorplace.com/hypergrowthinvesting/2022/10/the-100-accurate-bull-market-indicator-that-flashed-last-week/

We are starting buy little more now,
Waiting couple wks months for confirmation /see if a new baby bull is indeed born.

Watching spy 3880 .. If passes maybe more up swings. As of closure today 49% of sp500 stocks are above 50days MA.... Market breadth may have more momentums now

Of course if Amazon and apple ER unfavorable we may drop few percent....

Uncle Powell may knock it out of park again next week w hawkish tones and ? 0.75 + another??0.75 after new yr if market rebound stronger and CPI still bad 7%s

Comments

  • Sven
    edited October 2022
    Today Google and Microsofts’ earnings missed their expectation. Meta announced lower revenue. Next two rounds of rate hikes would put even more pressure particularly on tech stocks. Housing market is not doing well. So it is hard to imagine the market somehow turns around quickly while the inflation is staying persistently high.

    When the Fed start to cut rates, long bond is where you want to be.
  • CrashCrash
    edited October 2022
    i think the statistical measuring rods are just not showing RELEVANT data. Maybe they did, in days gone by. Before federal agencies re-defined stuff to make things look better than they actually are. It's all too mushy and opaque and convoluted. So THAT doesn't help anything, either.

    *Edited to add: remember when it was GNP that was reported? Not GDP?
  • ShostakovichShostakovich
    FB is taking a big fall.
  • Old_JoeOld_Joe
    Oh my, what a shame.
  • Sven
    Tech stocks, FB, Apple and Amazon fell 20%, 4% and 19%, respectively. Drug stocks reported upward. More to see tomorrow.
  • johnNjohnN
    edited October 2022
    Sp500 retrace back near 3800s AH ..cant stay away from this level
    Corp bonds /junks, small caps mid caps maybe holding the lines...
    CPI data may break or make market early tomorrow
  • msf
    Crash said:

    i think the statistical measuring rods are just not showing RELEVANT data. Maybe they did, in days gone by. Before federal agencies re-defined stuff to make things look better than they actually are. It's all too mushy and opaque and convoluted. So THAT doesn't help anything, either.

    *Edited to add: remember when it was GNP that was reported? Not GDP?

    GDP curve doesn't look better (or worse) than GNP to these eyes.

    image

    Though zooming in on the past decade, one sees GDP slightly but clearly below GNP. Does the newer (lower) GDP figure make things look better than the older (higher) GNP figure?

    image

    Graph source: https://fred.stlouisfed.org/graph/?g=Vo1n
    GDP measures the goods and services produced within the country's geographical borders, by both U.S. residents and residents of the rest of the world. GNP measures the goods and services produced by only U.S. residents, both domestically and abroad.
    https://apps.bea.gov/scb/2021/03-march/0321-reprint-gnp.htm

    "For more on the changeover from GNP to GDP, [the Bureau of Economic Analysis] present[s] a reprint of the August 1991 Survey article on the topic."

  • CrashCrash
    I must now take the time to study that... Thank you.
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