Something’s Not Working Out
When’s the last time you got a call from the Bureau of Labor Statistics? Let’s look at employment and why I kinda agree more with Christopher Waller than Kevin Warsh right now….
Things I Did Today
Here are today’s things:
* I shorted more $SPY at $770.05 and SPY calls.
* I reshorted $CRM at $263.66 and $JPM at $360.35.
* I shorted $SNOW at $377.51 and covered at $368.01.
* I sold my $GLD long at $411.65.
Position: Short SPY common (L), calls (S), CRM (S), JPM (S)
Prospective Snowflake Price Target as Shares Pop on Earnings
The AI data cloud firm is enjoying a nice reaction to its earnings report.
SNOW, JPM Shorts
I have reshorted ($JPM) at $359.29
And I have taken a trading short rental in ($SNOW) at $377.50 (with a tight stop).
Positions: Short SNOW S, JPM S
Margin Pressures and Higher Interest Rates Offset Good Earnings Reports
The market remains under pressure as it awaits significant employment news.
Dell’s Big AI Boost: 8 Key Items Shaping the Stock Market Wednesday
U.S-Iran fighting escalates, but oil prices dip, ADP’s August jobs figure issues, plus other headlines moving the market this morning.
Fighting Flares Up Again in Iran, Warsh Turns Hawkish, Treasury Yields Climb
The U.S. hits Iran over the weekend in renewed fighting and Fed chair vows to go after inflation; also, let’s check the week ahead.
Sticking With This Palantir Price Target After CEO Details AI ‘Frontier’ Concerns
Palantir CEO Alex Karp explained why clients are growing increasingly “unhappy” with the AI industry.