GBA Presents: House of Gummy-!

I held off buying CCCS because of a bevy of Insider selling and the stk still moved huge on the AI hype. Now this->

CCC Intelligent Solutions exec Herb sells 97,459 common shares 16:22 CCCS

Crap ass management,/
 
Flutter is an interesting stock. Fanduel is huge and they are certainly going to spin that off into a stand alone for the states.. How that works to shareholders of Flutter TBD-

It's a beautiful chart but the kind of stock no matter when you check on it- it's flat or slightly up --
It's hard to create momentum when folks can't find it.- Flutter Entertainment is a stupid name-!

Flutter price target raised to 15,500 GBp from 14,000 GBp at Barclays 14:46 PDYPY

And a confusing upgrade-- GBp (Great Britain pounds?)
 
I am in a delicate place-- My spidy sense has been calling for a correction one that I suspect will be really greased with the next CPI. That is June 13<------

JUNE 13

Can the Pain Trade force me in before then?

Going back to my original thesis that I layed out at the very bottom last Oct-- we would see a speedy reduction of inflation that would get " stuck " around 4%-6% and I believe we are nearing that stuck phase and this is going to lead to a market and Fed freakout-
 
Ian Shepherdson, chief economist, Pantheon Macroeconomics

"This is the strangest employment report for some time... [R]ight now the data suggest that economic growth is stronger than is indicated by most other monthly data. The downward trend in job growth since the summer of 2021 now appears to have flattened-off, though that could change with revisions.

"As for the Fed: This is a nightmare report."


One thing I would add is the " Household survey " Those working from home on ETSY or EBAY that took a big leg down<-- Those two stocks should be watched for weakness.

Why would lazy folks quit the basement job and actually look in the work force?
Most likely the buying of this stuff over the internet has dried up.
And that may be a tell on the economy as a whole...
 
President Biden is on a roll. Will anybody notice?

The resolution of the debt-ceiling standoff is a win for Biden, and for everybody. At the outset, Biden said he wouldn’t agree to any compromises in order to raise the federal borrowing limit, and at the end he did agree to some compromises. But only a handful of political geeks on cable news care.

Almost no one will notice the modest spending cuts Biden agreed to, and Congress suspended the debt ceiling all the way into 2025, after the next presidential election. Biden said all along he was confident Republicans and Democrats would reach a deal, and he was right. Markets barely wavered through the whole pointless drama.

“He's prone to verbal gaffes, he looks frail, and most Democrats would prefer another nominee,” Greg Valliere, chief strategist for AGF Investments, wrote in his morning newsletter on May 31. “But President Biden emerges from the budget brawl in surprisingly good shape.”
 
---> expected to be available in this market in late 2024. Like the original Bus, the base version of the ID. Buzz will be rear-wheel-drive, with power coming from a motor mounted in the back. This time it’s a quiet electric motor rather than a noisy gasoline engine.

It’s also far more powerful, and faster.

The electric motor is capable of producing 282 horsepower, more than 10 times the horsepower of an early VW Bus. The new ID. Buzz will also be available with all-wheel-drive, with a total of up to 330 horsepower coming from two electric motors, one at the front and one at the back.

The all-wheel-drive version has a top speed of 99 miles per hour, while the rear-wheel-drive van can reach 90 miles an hour.

230601111231-embargoed-03-volkswagen-buzz-electric-microbus.jpg

The interior of the VW ID. Buzz has a 13-inch center touchscreen and a removable storage console.

More convenient and luxurious than its counterculture elder, the ID. Buzz has power-sliding doors to access the back on both sides. It also has small inset power-opening windows located within the big glass windows in the side doors. A power tailgate in back is also standard. Inside, a removable center storage console has dividers that can be taken out and used as an ice scraper and a bottle opener.
 
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