May CPI, End to Ceasefire?: 8 Key Items Shaping the Stock Market Wednesday
TSM’s May revenue, SpaceX’s oversubscription, bank stress tests, and other headlines are moving stocks this morning.
A Downed Copter, Sinking Sentiment, and a Giant IPO Called SpaceX
Let’s look at how market sentiment on thin ice can absorb a failing ceasefire and a mega-IPO. Also, put Saronic on your radar.
Adding to My Trading Long Rentals
With S&P futures -84 handles and Nasdaq futures -480 handles, I am adding to my trading long rentals:
* $SPY $728.88
* $QQQ $695.71
Position: Long SPY (VS), QQQ (VS)
Tweet of the Day (Part Four)
Position: None
Stagflation Worries Take Center Stage as CPI Looms
This tricky market environment requires a stout defense.
My Tweet of the Day (of a SpaceX Kind)
Position: None
Tweet of the Day (Part Trois)
Position: None
You’re the Top…You’re the Coliseum
You’re the top! You’re the Coliseum.
You’re the top! You’re the Louvre Museum.
You’re the melody from a symphony by Strauss.
You’re a Bendel bonnet,
A Shakespeare sonnet,
You’re Mickey Mouse!
– Cole Porter, “You’re The Top” Cole Porter – You’re The Top
Position: None