bing 🪵
@BingBongLLC
Trump is going to the Federal Reserve tomorrow, according to his schedule. Only three presidents have visited the Fed. FDR when its HQ building opened in 1938, Ford when a buddy of his became a governor, and George W. Bush for the swearing in of Ben Bernanke.
Two different defense stocks, two very different performances since May 1st. $LMT Lockheed Martin hitting a new 52-week low on the back of the company’s second-quarter revenue miss. Shares were down over -8%, putting its decline since May 1st at almost -13%. By contrast, shares…
New Russian Drone Made Completely Of Chinese Components: Ukrainian Intelligence The discovery of a Russian decoy drone made up entirely of Chinese parts is another indication of the growing wartime relationship between Moscow and Beijing. Story: twz.com/news-features/…
Space-Based Missile Interceptors For Golden Dome Being Tested By Northrop Competition to supply parts of Golden Done is heating up with Northrop Grumman stating they have begun ground testing orbital missiles. Story: twz.com/space/space-ba…
Goldman (Hatzius): We have made several changes to our trade policy assumptions on the back of President Trump’s latest threats. While we don't expect the “letter tariffs” scheduled for August 1 to take effect, we now build in an increase in the "reciprocal" tariff rate from 10%…
The S&P 500 just closed above the 20-day MA for 60 days in a row, the longest streak since '98. Going back 50 yrs, this has happened 4 other times. Up a yr later between 20% and 26%. Never lower 3 months later. It is what it is, yet another clue this bull market has legs.
If you’re in your 20s in finance right now, a couple of years at JPMorgan, Goldman Sachs or a great finance startup will give you 10x the career juice of any MBA or graduate degree (and a lot less debt).
All we need now is a 1% FFR
FINRA is looking at lowering the day trading (PDT) limit from $25,000 to $2,000
BBG: The S&P 500 hasn't posted a 1% up or down day since late June (17 sessions), the longest streak since December's 20-session streak. “An old saying on Wall Street is, “Never short a dull market,’” said Dave Lutz, equity sales trader and macro strategist at Jonestrading.…
BTIG's Jonathan Krinsky: "Party Like it's 1999. As we discussed last week, the Nasdaq 100 has now gone 60 trading days without closing below its 20 DMA, the second-longest streak in its history (back to 1985). The longest was ended in early 1999."
U.S. Semiconductor Stocks now account for roughly 11% of the S&P 500, an all-time high 🚨🚨🚨
“Amazingly resilient” - American Express CFO on consumers
Army Puts $43M Bet On Next Gen Leonidas High Power Microwave Counter Drone Tech Epirus’ CEO says successful tests of the company’s Gen II system capable of rapidly taking down swarms of drones could lead to an official program of record. Story: twz.com/land/army-puts…
Sentiment update: NASDAQ's Daily Sentiment Index is extremely high. Pullback soon?
sent this to my hr rep and said could be us and now she wants to meet. it worked!
woke can never be fully defeated until Robert Downey Jr. plays a black guy again
Historically, July peaks tomorrow. Would be perfectly normal for this 26% rally off the lows to take a break about now. Still looking for the summer rally to continue after a little pause.