Eddie M.
eddiemush.bsky.social
Eddie M.
@eddiemush.bsky.social
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Could also be in anticipation of every tech company "beating earnings" after the bell
Market going higher into the close on hawkish commentary from Powell looks like people front-running the inevitable China TACO overnight by the world's worst negotiator.
Commentary is hawkish. Stocks are flat.
Commentary reads quite hawkish vs market expectations imo
Fully anticipating that stocks rip higher on both of these, because that's what they do.

But who would *not* get ahead of these widely telegraphed events?
Might the widely anticipated Fed cut and China TACO be sell the news events?
*Khal Drogo voice* a crown for a King
Crypto is getting wrecked. Given the US economy is being held afloat by the wealth effect, maybe at some point there's a spillover effect to stocks?
Wow. Couldn't be any more clear.
Breaking on MSNBC:

Two federal prosecutors have been placed on leave at the direction of the White House after filing a sentencing memo seeking 27 months in prison for a pardoned Jan. 6 rioter who brought illegal guns and ammunition to President Obama's house in 2023.
Might the widely anticipated Fed cut and China TACO be sell the news events?
Summary of earnings reports thusfar:

The US economy is trash for 80% of Americans. Here's why you should keep buying stocks at all-time highs.
But I get it. This market just says to buy every trade TACO. Trump is going to get rolled in every trade negotiation but every taco is a good taco, per this market.
Stocks are all up on this.

But... isn't giving China's AI companies equal footing to the US net negative for everyone (except NVDA)?
NVDA just announcing every PO as a "partnership" now.
Relentless bid. It's too easy.
LOL, NFW he is leaving. TSLA is his exit for the money pit xAI.
Tesla eyes internal CEO candidates if Musk leaves over pay vote - Sources. $TSLA
Low volume steady grind higher for the rest of the day, confirmed.
OK I stand corrected. Six rallies attributable to people expecting a TACO of the same upcoming event.
That TACO rally (the fifth or sixth on the same event) appears to have not lasted very long. Hm.
DONALD TRUMP AND XI ARE SET TO TALK ABOUT REDUCING CHINA'S TARIFFS ON FENTANYL IN A MOVE AIMED AT CRACKING DOWN ON THE DRUG. "TRUMP, XI TO DISCUSS LOWERING CHINA TARIFFS FOR FENTANYL CRACKDOWN"
Everything is going great though.

OpenAI just committed to spending another quarter trillion dollars.
We’re at the ‘watering-down-soap-Clorox-and-Windex’ part of the economic cycle. 😔

@wsj.com
www.wsj.com/economy/cons...
TSLA rallying again on hopes that the company will dilute shareholders by $1 trillion in support of a man who destroyed the auto brand's reputation by coming out as a Nazi.
Stock market is juiced today because OpenAI committed to spending another quarter trillion dollars (that it doesn't have). It's so easy.