WorkFE's Account Talk

Not much on the calendar for today but the Fed Vice Chair and Atlanta Fed President do have speaking engagements today. Unfortunately, they are after the noon cutoff.
Next Thursday-Friday is an extremely busy calendar of data.

While I do still have one IFT, unless there is a significant down day, I'm sitting out the rest of the month. Maybe redeploy a small position on the 29th.
Happy Friday
 
While I do still have one IFT, unless there is a significant down day, I'm sitting out the rest of the month. Maybe redeploy a small position on the 29th.

Made the cutoff Thursday and moved my small position to the G. Friday was mostly down but somewhat of a mixed bag. Atlanta and Chicago Fed presidents speak today prior to noon as well as a Board member of the Fed Reserve. Thursday-Friday is packed with economic data reports. Sitting in the garage with my finger on the submit button.
 
Yesterday was a nice rebound after a couple of flatline to red days. While I was on the wrong side yesterday, I do not regret it.
It may be a different story heading into the close Friday. The Economic Calendar is chock full of reports today and tomorrow, very busy.
It could be the springboard for the next leg up or the catalyst for a pull back.
NOTHING is screaming correction, but there are several FEDS talking about a single rate cut this year. A far cry from the 4 they were talking about several months ago.
 
Will it close down or do we rally into the close (Dang Dip Buyers) :D
Is it worth chasing 1-1.5%, assuming snap back tomorrow.
Who's hiding the Magic 8 Ball.
 
Is it worth chasing 1-1.5%, assuming snap back tomorrow.
Who's hiding the Magic 8 Ball.

Original Magic 8 Ball

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Thanks tsptalk for finding the All-Important 8 Ball.
Thanks Epic for reminding me that if I do nothing, the G Fund is returning 4.250%. Slipped a hair.

I have pushed a few chips in. COB today G=91% / C=3% / S=3% / I=3%
Is we are down again tomorrow I will go long at 70/10/10/10. Maybe :rolleyes:
 
Some noticeable items of interest. Yesterday was tough, folks most likely trying to figure out which way the Fed is going. I’m not a stockholder but apparently Tesla had its first delivery decline in 4 years. There is a vote today by the shareholders for the future of the Disney board, some type of proxy battle. US health Insurers got beat up pretty good yesterday. Apparently, its tied to Medicare payments. Rising Treasury Yields and Oil prices never helps.
Could be we are just due for an overdue pullback. Maybe a buying opportunity.
 
Some noticeable items of interest. Yesterday was tough, folks most likely trying to figure out which way the Fed is going. I’m not a stockholder but apparently Tesla had its first delivery decline in 4 years. There is a vote today by the shareholders for the future of the Disney board, some type of proxy battle. US health Insurers got beat up pretty good yesterday. Apparently, its tied to Medicare payments. Rising Treasury Yields and Oil prices never helps.
Could be we are just due for an overdue pullback. Maybe a buying opportunity.

Tesla has the 2nd worst YTD return on the S&P 500.

Folks way smarter than me have been bearish on this stock for years. At it's current $166.63, my long-term guess, it's going to $100 in July...
 
At it's current $166.63, my long-term guess, it's going to $100 in July...

May be a buy at that point. I don't follow automotive stocks that closely. Years ago I dabbled in Ford when the other 2 Big Three were being bailed out and Ford was trading at about $5, I recall making a good bit off that. Tesla's stock cost are significantly higher than the Big Three, Honda, VW etc.
High Tech stocks, which one could throw Tesla into somewhat, are extremely risky due to there is a New Kid on the Block every few years.
 
Thought about jumping back out today for a quick hit but just not sure this will hold in the positive today. I was prepared to add to the C/S/I if we had a repeat of yesterday.

To wishy washy, will maintain 91/3/3/3.
 
A little bored today so I am looking over the top 10 holdings of the C Fund.
There are a few that stand out. The biggest dog in there is Tesla, about 2+ years ago Tesla was trading around $400. Its down about 58% since then. Apple is off about 15% and NVIDIA is off about 10%.
The remaining seven range anywhere from .5% to 3.5% off their respective all time highs, not bad.
 
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