$5.89 Halt
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
Dam MRAI pumping still, $1.61 high.
Stoney you watching SGBX?
WSM Williams-Sonoma, Inc.- I almost went in this afternoon it dipped a bit/ held off
$171.08 $9.69(+6.00%)3:03 PM 11/16/23
$171.08 $9.69(+6.00%)3:03 PM 11/16/23
No but I know this company from another I owned... they do cargo container refits for construction sites- great business Will Scott Mobile is the big dog-- maybe they buy SGBX?
A TIME FOR PAUSE & REFLECTION- OR DO WE GALLUP ON?
The S&P 500 Index’s 14-day relative strength index, which is nearing the 70-> Just three weeks ago, the RSI fell below 30,->Such a rapid about-face, from oversold to overbought within one month, is rare. But it historically bodes well for equity gains in the near term.
There have been just 11 such instances since 1950, and the index was higher 21 days later 82% of the time, with a median gain of 2.4%.
A less rosy signal is emanating from the 4,500 level, where investors often deploy automatic orders to lock in gains. The S&P 500 popped above it earlier in the week for the first time since September. It was down slightly Thursday at 4,496 as of 1:45 p.m. in New York.
Investors should also keep an eye on other assets for clues on the stock market’s direction, according to Mark Newton, head of technical strategy at Fundstrat Global Advisors. After a big bond rally, Treasury yields are hovering just above a technical support level. The dollar is on a similar precipice to the downside. If either reverses, Newton says, that would hamstring any push toward 4,600 for the S&P 500.
WATCH FOR ABOUT FACE & DEC RETRACE------> PERHAPS TO 4,488
“Rallies into this time likely could find resistance and might backtrack into early December before the rally can continue,” said Newton, who is watching for the S&P 500 to rise to between 4,561 to 4,578 — just below the July highs — before stalling out around the US Thanksgiving holiday.
A key level on the downside is 4,488. For traders who follow Fibonacci analysis, that represents a 76.4% retracement from the intraday July highs to the October lows.
9-1 UPSIDE VOL
Tuesday marked the second time in the previous 10 sessions it had happened, with 9-to-1 upside volume — typically a bullish sign that leads to more stock gains.
Since 1996, there were just 16 prior instances where the the number of advancing stocks on the NYSE outnumbered declining stocks by more nine times, In each case, the S&P 500 continued to advance, averaging a gain of 1% a month later, 14% in six months and 22% over the next year.
The S&P 500 Index’s 14-day relative strength index, which is nearing the 70-> Just three weeks ago, the RSI fell below 30,->Such a rapid about-face, from oversold to overbought within one month, is rare. But it historically bodes well for equity gains in the near term.
There have been just 11 such instances since 1950, and the index was higher 21 days later 82% of the time, with a median gain of 2.4%.
A less rosy signal is emanating from the 4,500 level, where investors often deploy automatic orders to lock in gains. The S&P 500 popped above it earlier in the week for the first time since September. It was down slightly Thursday at 4,496 as of 1:45 p.m. in New York.
Investors should also keep an eye on other assets for clues on the stock market’s direction, according to Mark Newton, head of technical strategy at Fundstrat Global Advisors. After a big bond rally, Treasury yields are hovering just above a technical support level. The dollar is on a similar precipice to the downside. If either reverses, Newton says, that would hamstring any push toward 4,600 for the S&P 500.
WATCH FOR ABOUT FACE & DEC RETRACE------> PERHAPS TO 4,488
“Rallies into this time likely could find resistance and might backtrack into early December before the rally can continue,” said Newton, who is watching for the S&P 500 to rise to between 4,561 to 4,578 — just below the July highs — before stalling out around the US Thanksgiving holiday.
A key level on the downside is 4,488. For traders who follow Fibonacci analysis, that represents a 76.4% retracement from the intraday July highs to the October lows.
9-1 UPSIDE VOL
Tuesday marked the second time in the previous 10 sessions it had happened, with 9-to-1 upside volume — typically a bullish sign that leads to more stock gains.
Since 1996, there were just 16 prior instances where the the number of advancing stocks on the NYSE outnumbered declining stocks by more nine times, In each case, the S&P 500 continued to advance, averaging a gain of 1% a month later, 14% in six months and 22% over the next year.
STONEY!!!!!Worried longs looking for safety.
The 11:30 market reversal starts now.
Green close across the board? 4560 by tomorrow's close?
WHO's YOUR DADDY?!
Ol' Van calls the perfect bottom on the day to the minute.
While you were following the herd, and the herd mentality... the chart king boldly stated that the Nasdaq and S&P would close green. Enjoy the feast!
Never use "?" foolio! market was flat all day. What are you talking about? You're only the Daddy of what you produced in that camper with Yullia.
Chicken Finger Craze Fuels $7.6 Billion Fortune for Raising Cane’s Founder
4
(Bloomberg) -- Raising Cane’s Restaurants has grown to more than 750 locations worldwide, drawing lines when its flagship Times Square store opened in New York this summer.
The craving for its chicken fingers, toast and sauce has spurred a celebrity partnership with rapper Post Malone, while its success has given founder Todd Graves a new title: multibillionaire.
Graves, 51, maintains an ownership interest of almost 90% in the closely held business, bond offering documents reviewed by Bloomberg show. That stake, along with dividends he’s received, are worth $7.6 billion, according to the Bloomberg Billionaires Index, making him the richest person in Louisiana and the 307th-wealthiest in the world.
Raising Cane’s is a growing player in the popular chicken category, a competitive market featuring brands like McDonald’s Corp., Restaurant Brands International Inc.-owned Popeyes and Yum! Brands Inc.’s KFC. The Baton Rouge-based company is thriving financially, reporting $3.3 billion in sales for the 12 months ended in June and adjusted earnings of $647 million.
The fast-casual restaurant, which has said it’s looking to reach $10 billion in annual sales by the end of the decade, paid total dividends of $183 million in fiscal years 2020 to 2022, according to documents reviewed by Bloomberg.
“We’re singularly focused on chicken finger meals,” AJ Kumaran, Raising Cane’s co-chief executive officer, said in an interview. “That focus allows us to do this better than anyone else.”
Chicken Finger Craze Fuels $7.6 Billion Fortune for Raising Cane’s Founder
4
(Bloomberg) -- Raising Cane’s Restaurants has grown to more than 750 locations worldwide, drawing lines when its flagship Times Square store opened in New York this summer.
The craving for its chicken fingers, toast and sauce has spurred a celebrity partnership with rapper Post Malone, while its success has given founder Todd Graves a new title: multibillionaire.
Graves, 51, maintains an ownership interest of almost 90% in the closely held business, bond offering documents reviewed by Bloomberg show. That stake, along with dividends he’s received, are worth $7.6 billion, according to the Bloomberg Billionaires Index, making him the richest person in Louisiana and the 307th-wealthiest in the world.
Raising Cane’s is a growing player in the popular chicken category, a competitive market featuring brands like McDonald’s Corp., Restaurant Brands International Inc.-owned Popeyes and Yum! Brands Inc.’s KFC. The Baton Rouge-based company is thriving financially, reporting $3.3 billion in sales for the 12 months ended in June and adjusted earnings of $647 million.
The fast-casual restaurant, which has said it’s looking to reach $10 billion in annual sales by the end of the decade, paid total dividends of $183 million in fiscal years 2020 to 2022, according to documents reviewed by Bloomberg.
“We’re singularly focused on chicken finger meals,” AJ Kumaran, Raising Cane’s co-chief executive officer, said in an interview. “That focus allows us to do this better than anyone else.”
What am I missing here? 200 points? That's hardly worth staying for
- Goldman Sachs recommended investors channel their inner Taylor Swift when planning for 2024.
- The bank said investors would do well to "follow Taylor Swift's advice in the song from her 1989 album: 'All You Had To Do Was Stay' - invested."
- Goldman Sachs expects the S&P 500 to rise next year, ending 2024 at 4,700.
There is an old saying canary in the coal mine. I'm sure you know it. The bird dies first when the gas come by-- it's a warning.
One of the themes I nailed this past year- Bond Market demise- I got everyone out of bonds completely and that was hard to do.
Now I feel this is the story of next year and our canary in the coalmine.-THE BASIS TRADE-
Fed’s Barr Joins Chorus Warning on Hedge Funds’ Basis Trades
Fed’s Barr Joins Chorus Warning on Hedge Funds’ Basis Trades
(Bloomberg) -- The Federal Reserve’s top banking regulator on Thursday joined a chorus of US officials expressing concern about highly leveraged trading by hedge funds in the Treasury market.
Read More: US Weighs Leaning on Banks to Curb Hedge Fund Leveraged Trading
Leveraged trading, including in the so-called basis trade, can play an important role in capital markets and can bolster market efficiency, Barr said in remarks prepared for a New York Fed conference on the Treasury market. “But leverage can also increase risks to both market participants and to Treasury market functioning and must be managed appropriately by both investors and their counterparties, including through collecting margin to manage counterparty risk,” he said.
Although the Fed collects information on the triparty repo market, Barr said there’s less data on trades that aren’t centrally cleared. He called a government plan to collect more information on that segment on the market “an important step forward.” He also said the work of a hedge-fund working group formed by the US Financial Stability Oversight Council.
Hedge funds and their trading strategies have come under fire during the Biden administration. Securities and Exchange Commission Chair Gary Gensler has said there are significant regulatory blind spots in hedge-fund trading.
No single regulator sees the full picture or understands all the risks associated with basis trading, Rostin Behnam, chairman of the Commodity Futures Trading Commission, said at the same event. “Continuously scanning the road ahead, and informed by what we have encountered along the way, we keep an eye towards ensuring market resiliency and integrity,” he said.
Behnam also described steps the CFTC is taking to address the risks posed by artificial intelligence, including the creation of task force focused on AI in the derivatives markets.
The task force in 2024 is planning to seek public feedback on how CFTC-regulated firms currently are or could use AI in trading, risk management and cybersecurity, he said. The agency will use the responses it gets “to inform our supervisory oversight and evaluate the need for future guidance, rulemakings,” according to Behnam.
Central Clearing
At Thursday’s conference, a top SEC official also addressed industry concerns about the implementation of a proposal to mandate central clearing of all US Treasuries. The agency has heard “loud and clear” the comments about the need for a workable implementation timeline, said Haoxiang Zhu, the head of the agency’s trading and markets division.
At the same time, multiple regulators have a “sense of urgency” to improve the resiliency of the Treasuries market in light of heightened volatility and growth in the $25 trillion market, he added.
Zhu said he was speaking on his own behalf and that he couldn’t say anything too definitive before the SEC votes on a final rule. The proposal was issued in September 2022.
One of the themes I nailed this past year- Bond Market demise- I got everyone out of bonds completely and that was hard to do.
Now I feel this is the story of next year and our canary in the coalmine.-THE BASIS TRADE-
Fed’s Barr Joins Chorus Warning on Hedge Funds’ Basis Trades
Fed’s Barr Joins Chorus Warning on Hedge Funds’ Basis Trades
(Bloomberg) -- The Federal Reserve’s top banking regulator on Thursday joined a chorus of US officials expressing concern about highly leveraged trading by hedge funds in the Treasury market.
- Apple Plans to Make It Easier to Text Between iPhones and Androids
- Xi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’
Read More: US Weighs Leaning on Banks to Curb Hedge Fund Leveraged Trading
Leveraged trading, including in the so-called basis trade, can play an important role in capital markets and can bolster market efficiency, Barr said in remarks prepared for a New York Fed conference on the Treasury market. “But leverage can also increase risks to both market participants and to Treasury market functioning and must be managed appropriately by both investors and their counterparties, including through collecting margin to manage counterparty risk,” he said.
Although the Fed collects information on the triparty repo market, Barr said there’s less data on trades that aren’t centrally cleared. He called a government plan to collect more information on that segment on the market “an important step forward.” He also said the work of a hedge-fund working group formed by the US Financial Stability Oversight Council.
Hedge funds and their trading strategies have come under fire during the Biden administration. Securities and Exchange Commission Chair Gary Gensler has said there are significant regulatory blind spots in hedge-fund trading.
No single regulator sees the full picture or understands all the risks associated with basis trading, Rostin Behnam, chairman of the Commodity Futures Trading Commission, said at the same event. “Continuously scanning the road ahead, and informed by what we have encountered along the way, we keep an eye towards ensuring market resiliency and integrity,” he said.
Behnam also described steps the CFTC is taking to address the risks posed by artificial intelligence, including the creation of task force focused on AI in the derivatives markets.
The task force in 2024 is planning to seek public feedback on how CFTC-regulated firms currently are or could use AI in trading, risk management and cybersecurity, he said. The agency will use the responses it gets “to inform our supervisory oversight and evaluate the need for future guidance, rulemakings,” according to Behnam.
Central Clearing
At Thursday’s conference, a top SEC official also addressed industry concerns about the implementation of a proposal to mandate central clearing of all US Treasuries. The agency has heard “loud and clear” the comments about the need for a workable implementation timeline, said Haoxiang Zhu, the head of the agency’s trading and markets division.
At the same time, multiple regulators have a “sense of urgency” to improve the resiliency of the Treasuries market in light of heightened volatility and growth in the $25 trillion market, he added.
Zhu said he was speaking on his own behalf and that he couldn’t say anything too definitive before the SEC votes on a final rule. The proposal was issued in September 2022.