DHUnplugged #624: Breaking Things - Publication Date |
- Sep 28, 2022
- Episode Duration |
- 01:03:33
- Egotistical Narcissists as as the the Stupidity Police are not doing their job.
Chinese living in ROTTING properties
Some amazing technicals - historic in fact. WOW!
The lowdown on Pumpkin Spice latte.. Big Business!
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Warm Up
- Egotistical Narcissists
- The Stupidity Police are not doing their job
- Chinese living in ROTTING properties
- We have another FRAMEWORK
- Sending Kamala to the DMZ line
Market Update
- B A D - Things are starting to break
- Confidence lost as things are breaking (Currencies)
---- Fed needs to chill - and I have a few tings to say..
- China opening up Macau (Casino stocks fly)
- Technical indicators!!!!!!!!!!!!!!!!!!!!!!
NEXT WEEK - YOM KIPPUR - NO SHOW
Rate Update
- High grade money markets >2.4%
- 2 year muni bond >2.5% 3.5%
- 12 month treasury >4.3%
- 10-year taps 4% today
- 1 year CD > 3.5%
JCD
- FYI - DJIA @ 30,706 29,500 29,134!!!!
Tropical Storm/Hurricane
- Storm looks nasty - in the middle of some of the bans right now
Technical as of Monday Morning (Charts)
- Some very severe oversold conditions
- KRI (-7) - only seen one time in recent history and that was 12/24/2019 when market bottomed
- RSI all over sold
- McClellan - LOW (-400)
- Spearman LOW (-98)
- 11 New 52 week highs -(most inverse ETFs)
- VIX >30
- 447 SP500 below 200 DMA
Boneheads
- Huge tax cuts in the UK apparently decided on overnight and the approval of massive debt issuance.
- Do we miss Boris Johnson Yet?
- More things breaking
The Cable
More on Brit Pound
- That currency move is NOT normal and should give a cold-water-slap-upside-the-head-punch-in-the-mouth wake-up call to Team Powell.
- The moves that they are making and the hard line they are shaking is a bit over the top.
- Unfortunately they have a much bigger regard for themselves than then should.
- In fact, it appears that Team Powell is made up a gaggle of egocentric narcissists that need to come down off their collective perch's and take a look at what is really going on and why we are seeing historic moves in some financial markets.
Sending Kamala
- Vice President Kamala Harris will visit the Demilitarized Zone (DMZ) separating the Koreas on Thursday in a bid to show Washington's commitment to the South's security
- The DMZ visit will underscore the strength of the alliance between Seoul and Washington "in the face of any threats posed" by North Korea
- Does not seem like a show of strength
FEELINGS ON THE FED (Not due to markets, due to policy)
- A bunch of two-toned, zebra headed, slime-coated, pimple-farming, paramecium brain, munching-on-their-own-mucus, all suffering from PETER PAN? ENVY!!! AND - lewd, crude, rude, bag of pre-chewed food, dudes! Lying, crying, spying, prying ultra-pigs! (From the movie Pan - Robin William)
China - Rotting
- A movement of home buyers around China who have moved into what they call "rotting" apartments, either to pressure developers and authorities to complete them or out of financial necessity.
- Shanghai E-House Real Estate Research Institute estimated in July that stalled projects accounted for 3.85% of China's housing market in the first half of 2022, equivalent to an area of 231 million square metres.
Can't Even
- Pumpkin spice latte (PSL)
- PSL industry was worth >$500 million -
- Starbucks has sold more than 600 million since inception
PSA
- Don't cook your chicken in NyQuil
- FDA now warning about this new TikTok challenge
- Possible that brands are behind this insanity?
- A number of videos challenged people to cook chicken in NyQuil, which contains acetaminophen,