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Futures just took off!

Posted on 11/10/22 at 7:33 am
Posted by SlidellCajun
Slidell la
Member since May 2019
16057 posts
Posted on 11/10/22 at 7:33 am
Dow futures just went from +65 to +650!

Guessing the cpi report is being viewed as a positive
Posted by I Love Bama
Alabama
Member since Nov 2007
38423 posts
Posted on 11/10/22 at 7:36 am to
Still too early to say, but it does appear to have leveled off. Still a LONG arse way to go before they are at their 2%-3% goal.
Posted by BottomlandBrew
Member since Aug 2010
29309 posts
Posted on 11/10/22 at 7:45 am to
Still a ways to go, but it's progress in the right direction. One or two data points are just points. Four data points are a tend.
Posted by Guntoter1
Baton Rouge
Member since Nov 2020
1584 posts
Posted on 11/10/22 at 7:56 am to
YES.
Glad didn't listen to my wife and sell.
Dow futures up 777 now.
This post was edited on 11/10/22 at 7:57 am
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 11/10/22 at 8:13 am to
Posted by roadkill
East Coast, FL
Member since Oct 2008
2081 posts
Posted on 11/10/22 at 8:15 am to
quote:

Guessing the cpi report is being viewed as a positive



This month's cpi report gives a false view of inflation - the items still increasing at higher than 7.7% rates:
Food
Gas
Energy
Housing

In other words, the items folks buy and pay for every day are increasing unabated.
Examples of items decreasing:
Used cars
Air travel

Don't be misled, inflation is here for the long haul.
Posted by I Love Bama
Alabama
Member since Nov 2007
38423 posts
Posted on 11/10/22 at 8:21 am to
quote:

This month's cpi report gives a false view of inflation - the items still increasing at higher than 7.7% rates:
Food
Gas
Energy
Housing

In other words, the items folks buy and pay for every day are increasing unabated.
Examples of items decreasing:
Used cars
Air travel

Don't be misled, inflation is here for the long haul.


Good post.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93895 posts
Posted on 11/10/22 at 8:22 am to
10yr dropping

We are on the way the 5% mortage rates
The entire industry is nuked then will rebound with no one left in the game
Posted by THRILLHO
Metry, LA
Member since Apr 2006
50206 posts
Posted on 11/10/22 at 9:15 am to
quote:

Futures just took off!


Posted by SmackoverHawg
Member since Oct 2011
30957 posts
Posted on 11/10/22 at 9:29 am to
Energy prices will be going up which will affect everything else. Can only falsely suppress oil prices for so long, plus winter is coming.
Posted by Diseasefreeforall
Member since Oct 2012
7214 posts
Posted on 11/10/22 at 10:15 am to
quote:

Still too early to say, but it does appear to have leveled off. Still a LONG arse way to go before they are at their 2%-3% goal.


It's leveled off but everything except used cars and clothes is still up month over month.

I guess the question is how much the Fed shrinking the balance sheet can get more out of rate hikes over time but I don't believe we've ever had this type of situation before to know.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 11/10/22 at 10:46 am to
Just goes to show money on the sidelines itching to get back in the market on any good news.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57986 posts
Posted on 11/10/22 at 10:53 am to
quote:

This month's cpi report gives a false view of inflation - the items still increasing at higher than 7.7% rates:
Food
Gas
Energy
Housing

In other words, the items folks buy and pay for every day are increasing unabated.
Examples of items decreasing:
Used cars
Air travel

Don't be misled, inflation is here for the long haul.


Unless consumers change their spending habits, that's only part of the problem.



It seems a lot of people are thinking they can just borrow their way through this. As long as wages continue to be outpaced by inflation and inflation remains high, this becomes more and more of a pipe dream.

The big question is will inflation come down fast enough and far enough before too many consumers get to the point where they can't even service their credit card debt any longer?
Posted by Diseasefreeforall
Member since Oct 2012
7214 posts
Posted on 11/10/22 at 11:07 am to
quote:

Just goes to show money on the sidelines itching to get back in the market on any good news.


I still think a lot of is probably algorithms making decisions off of keywords on news sites and social media.
Posted by notiger1997
Metairie
Member since May 2009
61339 posts
Posted on 11/10/22 at 11:34 am to
quote:

plus winter is coming.


I bet nobody thought of this you genius you.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 11/10/22 at 12:06 pm to
quote:

I still think a lot of is probably algorithms making decisions off of keywords on news sites and social media.


And you would be correct, sir! That appears to be behind the magnitude (not so much the direction) of this one day move.
Posted by L1C4
The Ville
Member since Aug 2017
16176 posts
Posted on 11/10/22 at 1:22 pm to
But I thought the market doesn't like uncertainty.

Politicaly things couldn't be more uncertain right now.
Posted by Billzbobo
Swamp
Member since Jul 2022
347 posts
Posted on 11/10/22 at 1:33 pm to
The market obviously also loves that the Red Wave turned into a Red Trickle.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 11/10/22 at 1:42 pm to
Biggest one day move up ever in my brokerage account.
Just let me enjoy my one day
Posted by SlidellCajun
Slidell la
Member since May 2019
16057 posts
Posted on 11/10/22 at 2:07 pm to
I agree that a lot of this is computer related trading

While I live days like this, I’d take a slow protracted upward market making fractional gains

This type of run up tends to get corrected
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