/biz/ - Business & Finance

>UK Inflation Rate Unexpectedly Accelerates
Good lord can UKbros stop dragging the EU markets down? How are people even surviving in the UK? From what I've seen it's ridiculously expensive and the salaries are not good.

Also, weird that China is yet again falling this drastically. I thought the data was pretty alright. But I guess everything that is not US is just deemed as shit by the market

>>57253535
Now is the time to buy Boeing. Multi-billion company that is backed by the US government and military falling 8% because of a fuckin door. All that is forgotten in two weeks because of how the human mind works. Hell, it already started pumping yesterday.
Do people seriously except some miraculous 50% drop, the erasure of billions of dollars?

>>56865532
In all honesty, people have been waiting for XOM to "crash" for a whole year. It's just too strong and at this current valuation still pretty cheap. Shoudl have sold at 120 though

>Copper
What the hell is it doing? Why is it falling so much? Oil taking a massive pounding as well (maybe gonna scoop up some XOM). Jesus, commodities are more of a shitcoin than actual shitcoins... ridiculous.

>>56786751
If I am not beating inflation, I am seething. As such, I am always seething. Oh and then there are the 4% yearly fees I gotta pay on my stocks. So if I make less than 20% every year, I am seething. But on a more serious note, I'd say below -20%

>MSFT turned to gigagreen
>EU started pumping a bit
Heh, kek. This is beyond pathetic. Are we just gonna keep pumping all the way to Christmas?

>>56394494
There was an anon here some time ago who posted something about the reverse repo stuff and that the FED is gonna be forced to dump the liquidity back into the markets. Maybe that could be proving the stimulus?
The FED also has a private sheet, no? That we don't get to see... it's quite strange.

Also, somebody please explain to me why nobody is worried that BoA has cca 130B unrealized losses in bonds. If the losses are unrealized, it's a nothinburger but what would happen if suddenly they had to start dealing with the losses? Actually, is that even a problem for them?

>>56321386
THe chemical sector in Germany is taking a huge pounding, much more than other sectors. It has yet to find a bottom so I wouldn't go near it. I have no idea how they plan to fix their shit because this sector is facing a huge crisis. Haha, good luck m8. Still, I believe in a huge Christmas rally so you might be able to offload those bags soon enough
>>56321392
It's fuckin 1°C (33,8 F) here wtf? It's typically around 8-12. I always go to an outside gym at 05.30 AM and bloody hell... well, it's not that bad but you get my point

>Car makers keep raising guidance and sales
>Retail is doing better than expected
>doomertards keep spouting the same ol' same ol'
Inexplicably, normies are living the high life and consoooming at a rapid pace. Industrial output is also just fine. Interestingly, copper keeps falling off the cliff. According to some anons here, copper should start consolidating and getting ready for an uplift soon since it is unprofitable at these ridiculous levels but I don't quite see that happening.
I don't know, I think I am gonna start slurping some quality companies at these levels even though I think the trend has now reversed and we should now be in a clear downtrend (according to the TA at least). Pepsi should close the gap at 161 and that's when I am gonna start slurping.
Hopefully Eli Lilly drops meaningfully.
As a europoor, I should also investigate whether it is possible to get into the US treasuries. Getting 5-6% guaranteed sounds too fuckin good. I know someone here suggested a way to acquire them.

So that's it? This was the last desperate attack of the bobo? Pathetic. Indices are already pumping back up to quickly make up for this month. It's crazy how quickly the algos can turn tables. It takes a whole month to bring the index down a few % and then it's gone in a matter of days. Rip bobo as we are gonna go up to the 18 day average and rip through it

>lower bollinger to lower bollinger
haha that's bullish rr--r-r-ight bros? The european indices all look very bearish right now, especially the DAX and OMX.
I won't miss out on the bottom now. I am gonna slurp the crap out of all these undervalued stocks

>>56168170
Don't worry, Christmas is almost upon us and with that I see another +10% for all the indices :)

If the EU pumps today I am officially done with this market... nah it ain't gonna pump but I already know what is gonna happen. A gap down at opening only to be giga slurped and then we end at -0.2% by end of day.
Hell, if the Bank of England skips this hike (which they might and some "experts" are also supporting this view), we actually might pump across the entirety of the EU. Hurraaaay for 7% inflation (yeah yeah 6.7% whatever) forever bois

INTCchads, I have a question. What are the chances they will return to their glory days and start giving out nice divvies? The divvies kept on rising but then the last two Qs, they suddenly slashed them like crazy

>>56111358
Imagine a 30% food inflation, 30%+ recreation inflation, 30%+ gasoline inflation, 20%+ rent inflation, and 30%+ service inflation over the course of two years. Haha, can't be Europoors, haha. The service inflation in particular is insane here. Wage inflation has also completely soared. Tradies take INSANE amounts of money for the simplest jobs. As a result I've been learning myself to do most household stuff and man oh man did I realize that tradies are being overpaid like crazy. Their job is something a monkey can do (then again you can say that about 90%+ jobs).
Anyway, just look at real wage growth. Horrible... Interestingly, company profits have somehow beaten inflation. That really is inderasting

>>56102602
I was being a bit extreme. Of course the consoomer matters but unless there is a massive recession or a 2008 type event, peoples' spending habits won't really change all that much. Sure, the lower classes which are far more affected (negatively) by inflation/high rates could get fugged but the middle classes and above are enjoying a nice wage growth and low mortgages (due to ez re-financing during Covid) so they won't really care. I can't see consoooming habits drastically changing in the US (in some parts of EU though... that's another story)
>>56102619
The OMX is straight up retarded. Since inflation came in cooler than expected today, news are cropping up all over Sweden that the central bank is done raising rates and whatever. Sure sure let's just bomb the currency even harder. Every part of the inflation besides electricity prices is still massively up. Electricity has historically been cheap here but since they decided to export expensive electricity last year to make use of the dire situation in the electricity market last year, they left us with extremely expensive electricity. Just what in fegg even is this market?
It's a good time to come to visit though since the currency has gone down the drain and continues on its downward trajectory.
>We don't know why our currency is de-valuating so hard right now. It is undervalued
Yeah, my big juicy azz. As if the central bank doesn't know why its OWN currency is going to hell. Pathetic country and pathetic herd-like people

>>56085961
How the heck are these probabilities calculated? How do you know that a hike is priced in? How do they determine this sort of stuff? Seems like complete hogwash to me... or worse, pure manipulation.
I am also of the opinion that JPow won't have the stones to raise. People have adjusted to the inflation... oil and gas is expensive which will affect producer prices --> higher inflation but whatever right? And the service inflation is out of control (and will get even worse now that the annual parts will get updated soon)... but again, whatever right?
Inflation is bullish anyway and is bad only for the lower classes

>>56055137
The entire market is getting pulled deeper and deeper into double top inception. Extremely bearish for the future of the Brandon presidency.

>>56045241
The Swedish index has been behaving rather erratically as of late... don't know why. It's not as if the stocks there are undervalued since many of them have huge P/Es. The currency is dogshit and is about to get even worse considering the central banks have given up and will raise rates only ONCE MORE WTF. The currency will fall even more relative to EUR and USD. Then again, maybe that's what the slurpers are doing right now. They are betting on the strong export industry which benefits from the downfall of the Swedish crown.
Never mind me, just venting because of my hate for this pos country

>>56000956
Agreed. The people here really do like taking it up the butt. The central bank literally says "we have no tools to fix our currency", WTF? The central bank has two jobs: (1) maintain inflation at a steady pace of 2% (giga fail); (2) look after the currency (giga fail again).
This situation has only and only benefited large caps that export to the US and to EUR countries. The weak currency keeps importing inflation... yet, people keep swinging to the socialist party more and more.
Why would anyone invest into the Swedish currency when in times of desperation and economic difficulty you want to invest in a safe and big currency like the dollar (as we are seeing these last two years). There is literally no incentive for anyone to invest into Sweden.
And the people here are either oblivious or happy because they got their +4% raise... pathetic.
At least Sweden, just like Germany, has these "smaller" companies like Hanza, NOTE, NCAB which perform exceptionally well.

>>55997890
Sorry, I should have been more specific. War is bullish in a long-term outlook. Naturally, everything will dump as it starts but statistically, war is bullish for the stock market. Many reasons for that: it's inflationary, good for the defense sector (which is huge in the US), black market booms, and so on.
I personally believe the dump can be attributed mostly to pricing in the rates and the "recession" and of course oil prices driving up producer prices.
>>55997899
Heh, look at heating oil and gasoline. Expectations of higher CPI are already being priced in though since a m/m CPI of +0.8% is expected. JPow is gonna have a tough time deciding now.
Assuming the job market alleviates somewhat but CPI keeps coming in hotter and hotter, he's gonna be in a real pickle

>Sweden's core inflation at 8% after almost two years of insanely high inflation
>Lower than expected normal inflation because of lower electricity prices that are now rising again
>Higher food prices, higher gas prices, higher rent prices
Please, someone nuke just nuke this country to hell. Never ever have I met with a more sheep-like naive and dumb people. I mean, this is good for stocks though since we all know inflation is bullish but living here is hell

FUGG, Copper was looking so damn good yesterday. What the heck happened? Sell the news?
I really really hate commodities. Unpredictable pos. If I wasn't so much up, I would have sold a long time ago

>>55650635
Switch jobs immediately, bro. That guy is a dick... or well, maybe you are autistic?