The Market 2022-2023-2024
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OP
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I'm back in the office with a promotion gents so I won't be as active during the day.
elindholm
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Buy more 3M! It needs all the help it can get!
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I'm only down 8.8% so it's one of my better performers. LOL!
elindholm
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It's down 27.4% YTD, which makes it my tenth-worst by that metric. There are a few big-name stocks I hold whose negative alpha is perplexing, INTC being one of the other notables.
By the way I just picked up BUG, a cybersecurity ETF. It's up 4.8% in two weeks, so I'd have to call that a success.
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I'm still bullish on INTC with high conviction. I'm adding to keep a 5% allocation. We'll get a Chips Act eventually and they're investing massively in foundries. They'll be vital to National Security. I'm willing to wait for the cash to start rolling in and the analysts to change their tune.
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Hells yeah
Not so much. IMO. The bond market tells the story. Always willing to call the Feds BS bluff. They sure did today. They know inflation is or has already swung in the other direction..
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Exactly. The fed right before any recession the past 50 years......
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Misery Index
The misery index shows how people are doing economically by adding the inflation and unemployment rate. Our chart also includes who was President.
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decent little Friday rally
Still in that head and shoulders pattern on the Dow along with this little channel that has been well respected since the market top in January. Have to break above this upper range trend line, or we likely have pain back down to the lower channel line..
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elindholm
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I picked up DIS earlier this week because I was surprised at how low it had gotten. I've shifted to thinking that the streaming entertainment world is going to be dominated by the big players, and the lesser names will get squeezed out of making much in the way of profit. So the plan is to dump PARA once and for all, if it ever gets to an exit point I can stomach.
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Nice! Watch DIS buy PARA after you dump them. LOL! I doubt the FTC would or even the FCC would allow it. Disney remains attractive as a streamer but also has so much more to the business with ESPN, parks, cruises, and so much more. I don't think you'll regret any entry point below $100 but what price did you get? It looks like it got down to around $90 yesterday. I still have an alert set for $85 I believe.
Good luck.
elindholm
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I got it for $93.76. Thanks!
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Maybe I should short it for a couple weeks.
elindholm
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I wouldn't blame you, but the safer bet is to wait for Unity to get back to the mid-40s, which it will, and then short that. The rebound effect when it gets there has been incredibly reliable.
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