Investing Thread

[rocket surgeon]

Bad October plus downward revisions for September and August. Bad news for the economy, good news for rate cuts.

jobs "correction" number???  created 12,000 jobs from original projection of 120,000?  mistakes/oopsies are corrected.  this needs to be placed in a different category than "corrections"
it seems the numbers had to be "corrected" quite often from original projections, meaning DOWN. having to "correct" something by over 800,000 is not a correction...

https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html

this affects how people try to project their investments.  not all people are privy to this information as soon as some and that is the inherent RISK one takes i guess...

once again, the experts always win however

[Uncle Rico]

jobs "correction" number???  created 12,000 jobs from original projection of 120,000?  mistakes/oopsies are corrected.  this needs to be placed in a different category than "corrections"
it seems the numbers had to be "corrected" quite often from original projections, meaning DOWN. having to "correct" something by over 800,000 is not a correction...

https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html

this affects how people try to project their investments.  not all people are privy to this information as soon as some and that is the inherent RISK one takes i guess...

once again, the experts always win however

I do always win

[MU82]

jobs "correction" number???  created 12,000 jobs from original projection of 120,000?  mistakes/oopsies are corrected.  this needs to be placed in a different category than "corrections"
it seems the numbers had to be "corrected" quite often from original projections, meaning DOWN. having to "correct" something by over 800,000 is not a correction...

https://www.cnn.com/2024/08/21/economy/bls-jobs-revisions/index.html

this affects how people try to project their investments.  not all people are privy to this information as soon as some and that is the inherent RISK one takes i guess...

once again, the experts always win however

Job revisions in these reports have been happening for decades and decades.

People shouldn't let short-term macro conditions affect their investing.

[jesmu84]

https://www.semafor.com/article/11/01/2024/concerns-grow-in-washington-over-intel

[Skatastrophy]

https://www.semafor.com/article/11/01/2024/concerns-grow-in-washington-over-intel

Intel, and to a lesser extent Micron, shoulder the load for the USA's chip production hopes. We've successfully lured Tiwan Semiconductor manufacturing stateside, which helps mitigate TSM's geo risk with their aggressive neighbors, but it would be much better if Intel and Micron got their crap together.

Maybe intel shouldn't have spent ~$100B on stock buybacks in the past few years if they needed it for growth and research, eh?

[jesmu84]

Intel, and to a lesser extent Micron, shoulder the load for the USA's chip production hopes. We've successfully lured Tiwan Semiconductor manufacturing stateside, which helps mitigate TSM's geo risk with their aggressive neighbors, but it would be much better if Intel and Micron got their crap together.

Maybe intel shouldn't have spent ~$100B on stock buybacks in the past few years if they needed it for growth and research, eh?

Agreed.

Or maybe the government should put stipulations on the handouts.

[Skatastrophy]

Agreed.
Or maybe the government should put stipulations on the handouts.

 AFAIK Intel hasn't been able to get any CHIPS act money yet. Intel won't share info with the federal government

[rocket surgeon]

dow +3% +

nasdaq +2%+

s&P +1.9%

whoda thunk??

[MuggsyB]

Tesla is having a decent morning. 

[Goose]

rocket

The greatest economy in the history of the world is on the horizon.

[TallTitan34]

rocket

The greatest economy in the history of the world is on the horizon.

Pretty sure it already has been.

[rocket surgeon]

yes, but...even better

[MUBurrow]

Excellent. The lack of overjuiced equities has been a major problem over the past 24 months.

[Hards Alumni]

rocket

The greatest economy in the history of the world is on the horizon.

Depends.  If he drops blanket tariffs on everything, it will be crushing.

[Goose]

Hards

With my line of work, I am watching the tariff situation very closely. I hope that additional tariffs are not put into place, but we are working hard on finding alternative sources outside of China.

[forgetful]

rocket

The greatest economy in the history of the world is on the horizon.

If you look at what is up today, it will not be good for the average American. All the movements align with expectations of significant increases in inflation.

[Skatastrophy]

Hards

With my line of work, I am watching the tariff situation very closely. I hope that additional tariffs are not put into place, but we are working hard on finding alternative sources outside of China.

Last time the tarrifs were on friends and foes alike, and the counter-tarrifs crushed farmers. I don't think people remember the trade wars of 2018 and 2019. That huge farmer bailout was bullshit.

[GOO]

Last time the tarrifs were on friends and foes alike, and the counter-tarrifs crushed farmers. I don't think people remember the trade wars of 2018 and 2019. That huge farmer bailout was bullcrap.

I thought you were talking about Smoot-Hawley until I got to your 2018-2019 reference. Man how history repeats itself and may again...?

[rocket surgeon]

If you look at what is up today, it will not be good for the average American. All the movements align with expectations of significant increases in inflation.

what movements particularly?  if it's banking you speak of...not necessarily...it could be pointed toward decreased interest rates leading to increase in home and business buying, people paying off debt, etc.  citi and tfc are both up over 9% 

[rocket surgeon]

just read your comment in mortgage thread...i respectfully disagree

[The Sultan]

what movements particularly?  if it's banking you speak of...not necessarily...it could be pointed toward decreased interest rates leading to increase in home and business buying, people paying off debt, etc.  citi and tfc are both up over 9% 

Tarrifs would be inflationary and shift more of the tax burden toward middle class consumers.

[The Sultan]

nm

[Hards Alumni]

Last time the tarrifs were on friends and foes alike, and the counter-tarrifs crushed farmers. I don't think people remember the trade wars of 2018 and 2019. That huge farmer bailout was bullcrap.

Correct.  The Chinese stopped buying American soy, and instead replaced it with soy and instead bought from Brazil.  And now that they have a reliable supply from Brazil they're not coming back to American soy.

Economic retaliation is painful for the average American.

[forgetful]

what movements particularly?  if it's banking you speak of...not necessarily...it could be pointed toward decreased interest rates leading to increase in home and business buying, people paying off debt, etc.  citi and tfc are both up over 9% 

Go look at the top gainers for today. That should be a big clue.

It is simply true.

[MU Fan in Connecticut]

Last time the tarrifs were on friends and foes alike, and the counter-tarrifs crushed farmers. I don't think people remember the trade wars of 2018 and 2019. That huge farmer bailout was bullcrap.

I remember because it cost 15% of my company's business and then corporate decided to permanently transfer manufacturing off-shore so it was never coming back.