WorkFE's Account Talk

[WorkFE]

Well that turned to crap

 

[nasa1974]

Well that turned to crap

It sure did.

 

[WorkFE]

Maybe the "sell in May and go away" just came late this year.
Honestly though, 20-25 years ago (my take no prisoners years) it was market volatility like this that a lot of us made our bones.

 

[WorkFE]

A little fuel for the BULL side. Initial Jobless Claims came in at 233,000. Was forecasted for 240,000.
Richmond FED President speaks at 3, be kind.

 

[WorkFE]

Market is all over the place today in just a couple hours. Kind of strange considering it's a slow economic news day, that will however pick up later this week.

 

[WorkFE]

WMT is on fire today, I ain't complaining.

 

[WorkFE]

Probably should have followed FWM's lead out the door yesterday. Things may be a bit turbulent leading up to Powell's speech at Jackson Hole on Friday.

 

[tsptalk]

Here is S&P 500 returns last 13 years around Jackson Hole.

https://x.com/TradingThomas3/status/1825603977473569041

 

[WorkFE]

Thanks Tom

 

[WorkFE]

The C fund is currently sitting at $88.40, about .61 cents from its peak on 16 July. Trending that direction.
The S Fund is sitting at $83.49, about $2.04 from its peak on that same date. Also trending in that direction, long way to go.
The I fund is sitting at $44.47, as near as I can tell that is its all-time high.

 

[WorkFE]

While all the Indices looked ugly yesterday the NASDAQ is closing in on 10% off its July closing high. The other two only a percent or two.

 

[WorkFE]

The C fund is currently sitting at $89.97 / the S Fund is sitting at $86.34 and the I fund is sitting at $45.14. As near as I can tell that is its all-time highs for all three.
The DOW and S&P gained new all-time highs yesterday while the NASDAQ is still about 600 pts short of its July high.

While I'm not All-In, I am in enough to be seeing significant gains.

 

[WorkFE]

The C fund is currently sitting at $89.97 / $90.27- .30 gain
The S Fund is sitting at $86.34 / $85.93- .41 Loss
The I fund is sitting at $45.14 / $45.24- .10 Gain

Winners and losers

 

[WorkFE]

Aside from the Port Workers Strike there is this- Spruce Pine just got hit by Helene. The fallout on the tech industry could be huge : NPR

 

[WorkFE]

G Fund Rate slips to 3.875% :worried:
Gonna force my hand.

 

[WorkFE]

Been off the grid a bit helping one of our southern installations get power and water back up and running. All is right in the world.

 

[WorkFE]

This will take some getting used to.

 

[tsptalk]

For sure. I miss the links to the latest posts up top, but the "New Posts" or "What's New" links under the Forum tab up top seems to do the trick.

 

[WorkFE]

Market, the DOW to be specific, seems to have been leaking for the past 2 weeks. Down about 2.5%.
The NASDAQ and S&P are only slightly off their all-time highs. Lots of things could be factoring into this.
1. Election right around the corner.
2. This run could be taking a breather.
3. Its exhausted and due for a pull back or correction.
4. Folks are cautious of current world events.

Either way we need to stay nimble.

 

[felixthecat]

nosebleed level. Selloff on the table soon