Well Stoney....
I think I've given out three stocks this week.
RILY>>> Up Huge
XRAY>>> Closed above my $30.70 call
AKIA>>> a 15% winner!
Now this ESTC of yours... $77? Really?
Didn't you call it a buy pre-market at $83 and say it was going to $88?
This is not good Stoney... I expect better out of you.
And this regarding Nike:
I jut wish I had abetter handle on their" world " narrative.... I mean China can't be good.
... For someone that doesn't like Cramer, you sure quote him a lot. He said the exact same thing, but 3 hours earlier today. You're delivering this query 3 hours later? It's no wonder the readers tune in for VZ and VZ alone.
Oh and btw.... you mocked my 9/15+/- call.... uh-uh.... that call was made over a month ago...
and answer this Stoney...
when did the S&P 500 hit its bottom in the last 40 days?
Gee, I think it was 25 minutes into the session on 9/16... ie 9:55 est.
Now... everything we have seen in the last two weeks... I baked into that prediction a month prior.
CPI. PPI, BOE, BOJ, and most importantly, market psychology. Tomorrow is the last card to fall.
I could be wrong.
This market could completely tank, but I think Powell will deliver.
.75 basis points, but the markets will pivot on his tone. Of course I wrote that 2 weeks ago too.
I checked out today's 30 year fixed rate mortgage earlier today. 6.33%
Now historically that's not that bad, but as of late... its a bitch.
Write this down Stoney:
THE HOUSING MARKET WILL COOL OFF BIG-TIME IN THE NEXT 6 MONTHS.
I would not want to be a realtor.
Point is however... Powell I'm sure saw this. (.23 basis points in one day!.. national average)
That's a big move in mortgage rates.
What Powell will deliver tomorrow is, and again, I said this two weeks ago, ".75 but we remain data dependent."
When the Q&A comes, he will be decidedly side-stepping the inevitable question regarding a full 1% hike in the future.
The markets will waffle.... my 9/16 low will probably be taken out.... and then... we go up.
4476 by year end Stoney.
Plan accordingly.
>>> You're welcome.
~vz