Inflation Fightin’ Fed? Fed Can’t Fight Food And Energy Inflation, But They Can Crash The Housing Market (To Tame Total Inflation, Fed Would Have To Raise Rates To 21.38%!)

by confoundedinterest17 Inflation Fightin’ Fed? Kansas City Fed President Esther George said The Fed isn’t focused on impact of rates on stocks (or pension funds, apparently). The inflation that is crushing Americans is due to energy and food price increases. That is, …

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You bought. They sold. Meet some of the insiders who unloaded $35 billion in stock amid the tech IPO bonanza before it tanked.

https://www.marketwatch.com/story/you-bought-they-sold-meet-some-of-the-insiders-who-unloaded-35-billion-of-stock-in-the-tech-ipo-bonanza-that-tanked-11652878752?mod=home-page A year ago, Heather Hasson and Catherine “Trina” Spear traveled from Santa Monica, Calif., to New York to ring the opening bell at the New York Stock Exchange. The co–chief executives of FIGS, an online retailer of higher-end apparel …

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Still Hot, Hot, Hot! US Existing Home Sales Fall -2.4% MoM In April, But Median Price Is 14.85% YoY And Inventory For Sale Remains MIA (Fed Stimulypto Still Helping Housing Bubble)

by confoundedinterest17 US Existing Home Sales were 5.61M SAAR in April, down -2.4% from March’s -3.0% MoM reading. But median prices YoY for existing home sales printed at 14.85%, still hot, hot, hot. With 3 consecutive declines in MoM existing home sales, …

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Last call for Tech Bagholders

by HollowEarth1776 Blackrock is dumping next week, their momentum ETF is tech and financial heavy, others will follow. I bought SQQQ calls. If there are any tech bagholders left I’d dump before them.  

Recession Confirmed

by StockTipsTips $WMT claimed increased sales in lunch meat and half gallons of milk, $TGT claimed a dramatic drop in discretionary spending, & the U.K. financial gurus polled that 1/3rd of their citizens are skipping meals (They wouldn’t dare make such …

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