$Lucid Group Inc(LCID)$ US economy is going to slow down in the coming quarter or months. Also the chances of recession has gone up much higher. US going to lose it's influence as a global power as countries includes it's major allies and moving away from Petro Dollar. This current bull run makes no sense in first place. It's all market manipulation. Best to hold cash and look into gold silver and oil energy and commodities
$DJIA(.DJI)$ US stocks slump on signs of an economic slowdown · US stocks slipped on Tuesday as new data signalled the labour market could be cooling. The Job Openings and Labour Turnover Survey for February showed the number of job openings decreased. · The Dow Jones Industrial Average lost 199 points, or 0.6%, and the S&P 500 dipped 0.6%, snapping four-day winning streaks. Banks came under renewed pressure; as bank stocks retreated, the KBW Bank index was off 2%. The Nasdaq Composite was down 0.5%. · Amid market uncertainty, investors appear to be finding a haven in gold, which is nearing all-time highs. The US Dollar slipped 0.5% against a basket of six other major currencies. Meanwhile, gold rose 2% to US$2,
Nike beat estimates, with a EPS of 0.79 vs 0.55 expected, revenue beat 12 billion vs 11 billion expected. Even better than last quarter. Inventory problems were already an issue last quarter, and clearly did not impact the earnings. People saying it's overvalued don't understand that half of the stocks in the market are overvalued, but with positive and strong guidance it's fair. So why the sell-off today? If overvaluation was an issue, it was already overvalued last weeks? The truth is that there is no reason for the drop AH and today. This is just MM manipulation, and the stock market is turning more and more in a casino everyday. EPS and revenue are a company's major catalysts, but the option sellers with billions said no today.$Nike(NKE)$
After twists and turns of bargaining, $UBS Group AG(UBS)$ announced that it would acquire $Credit Suisse Group AG(CS)$ , and since then UBS and Credit Suisse are one.The closing price of $Credit Suisse Group AG(CS)$ on last Friday was 1.86 Swiss francs, and the final purchase price was 0.76 Swiss francs. The total purchase price was 3 billion Swiss francs, or about 3.25 billion US dollars. UBS initially offered as little as 0.25 Swiss francs per share for Credit Suisse early in negotiations this week.Many people think that this is because $UBS Group AG(UBS)$ is not interested in acquiring