Fundamentals supporting current market bullish trend are totally unfounded. Companies earnings reported for this month are made for the previous period before the announcement of rate hikes hence it shouldn't be use as a yardstick for future earnings. In fact, Micheal is right, it is a last hurray before earnings start to go south so investors should be beware. [sigh] 

This article felt just like keep on looking into the rear mirror while driving at 90 miles an hour. What is relevant here are the next sets of economic data which will determine the scale of increase. Essentially the takeaway is fed are not going to back down this time. Should start to load up on defensive stocks and say goodbye to meme apes. [Sly] 

PPI report is still showing growth and jobless claim is soaring. I don't believe that Fed will slow down on what they are doing. They would have to choose between rescuing the economy or totally remove the high inflation before it gets permanently entrenched. It's a choice between the blue pill or the red pill. What will you choose? [serious] 

Pure BS. None of these happened before covid so the real reason is due to the greed of corporation. They retrench workers, reduce investment when demand is low and when demand returns, they jack up the prices, shouting that they had to do this because they can't coup with the demand. If they keep their workers but reduce their salary in line with economy, none of these will happen. [Angry] 

Cheap? Their P/B is much more than both Warner bros and Disney and it is cheap? If subscribers growth is stagnant then to grow cashflow is to increase monthly subscription fees. When that happens, we can expect further deterioration of subscriber base hence lower valuation. Sorry but I don't buy their argument. I will be a fool if I do. [Duh] 

Very soon they will be begging people to come back to their theme parks. If major news outlet reported people start cutting back on discretionary spending and start to proportion more to food and energy, these "non essential" services will decline. Expected to see this in the next 2 earnings quarter. [Sad] 

Pump and dump. Nice try. It is not the fundamentals investors worried but the very fact that BABA is holding hundreds of millions personal credit data in PRC which will inevitably cause security concern when their "real books" are opened up to SEC auditors. Same as didi as they also hold chunks of personal credit data which are deemed as "national security".

Smart move but consumers will be in deeper shit by paying more in the form of indirect taxes. XOM capture carbon during their production process (compensated by inflation reduction act) but when consumers expended oil, carbon will be created hence now the ball is in our court. It's the same as big pharma, they got plp addicted to opioid and then produced medication to treat "opioid disorder"

Market fluctuation on a daily basis is normal. We don't take a week of market performance to judge a long term trend. In higher interest rate environment, we can expect future corporate earnings to be lower hence translate into even lower valuation for the current heady prices. In another word, stock prices will recorrect itself when everyone run out of weed.

Nonsense. Stock split doesn't change the fundamentals of the company instead they introduce more volatility due to the lower price. With media craze baron like Elon musk, investors must beware of more wild swing and irrational period of trading on TSLA [Sweats] 

Thought that he had lose big time on Luna stable coin? [Onlooker] 

So there will be more sideways movement until end of July? [Onlooker] 

Citi analyst is long on LCID. Believe him if you want to but do you know how long his view is? And if it is acceptable to you? 

Looks bad. Seems like stagflation is already here and uncle Powell will have to choose between fixing economy or inflation. Any idea which one he will choose on the next fed meeting? [Sly] 

Ok

Well said. The EV trend will continue at least in the next 5 to 10 years and until the hype dies down, we can expect TSLA shares prices to be frothy with irrational valuation. One word of advice, surf the trend with caution and capture the excess value that comes with the risk.

If the fed minutes confirmed the broad understanding of rate increase for coming meeting, then stability will return back to the market, starting from this morning.