The No. 1 city in the world to travel and work remotely is in the U.S.—and it isn't New York or LA. (via @CNBCMakeIt) https://cnb.cx/3ShoLH1
Australian Treasurer Jim Chalmers said he expects meetings later this month in Washington with Jerome Powell and other financial leaders will help inform decisions in the budget https://trib.al/tFQhqdy
The court decreed that Lidl can no longer sell its bunnies in Switzerland and “must destroy” the chocolate bunnies it still has in stock. https://www.nytimes.com/2022/10/01/business/lindt-lidl-chocolate-bunnies.html?smid=nytcore-ios-share&referringSource=articleShare
Things the Fed said 1 year ago:
1. Inflation is transitory, will hit 2% in 2022
2. Recession is very unlikely
3. Interest rates won’t rise until 2024
4. Inflation is actually good for you
5. They literally supported buying bonds/ETFs
Now, we are paying for these failures.
People are debating the definition of a recession while we have:
1. GDP down 2 straight quarters
2. Fastest falling housing market since 2008
3. Inflation at a 40 year high
4. Credit card debt up 20% YoY
5. Rising rates into slowing economy
Reality is beginning to set in.
As reported by @verge, @Square now lets merchants use @Apple's Tap to Pay to process transactions. In a press release, the company announced that sellers with a compatible #iPhone can use Square's Point of Sale (POS) app to accept contactless payments. 📲
https://bit.ly/3y5Pjms
Data Driven Marketing-> With #inflation concerns, shoppers are more particular than ever. Unlock automated responsive decision making to provide a personalized, customized experience for your customers! 📲
#coupons #promotions #retailtechnology https://bit.ly/3ntScHZ
Hybrid, or omnichannel, shoppers have become a key demographic for #food retailers over the past several years. These hybrid shoppers are becoming more typical in the #business & need to be accommodated!
@pgrocer #groceryindustry https://bit.ly/3BSl2Zr
9/2001 was an anomaly because of the attack on the Twin Towers. But, 1974 and 2002 are also in there with 2008 which are all 3 of the most recent bear markets. Incidentally, $SPX was WELL BELOW the 200-week SMA in September of all 3 of those years
The S&P 500 is down 8% in September.
2008 is in there, but other times its dropped 7% or more, stocks have done well in October.
The “Bear Stearns moment” occurred with $SPX sitting on its 200-week SMA - just where we’re at today. Its “Lehman moment” occurred WELL BELOW the 200-week SMA
Regarding Credit Suisse, I should point out that after the Bear Stearns bankruptcy on March 17th, 2008, the S&P 500 rallied 17% over the next three months.
Um, the CAPE ratio in 1982 was in single digits. In fact, at the market peak in 1980, CAPE was ALREADY in single digits. Yes, $SPX dropped 22.4% to get to the 200-week SMA then vs 25.6% now. But, to think we will only dip our toe below it with CAPE still >27 now is a little naïve
"The bull case has been really bloodied this year. It's been three quarters of disappointing market performance ... I think a lot of these headwinds that have been really tough on stocks, the odds are going to favor a big turn in Q4," says @fundstrat on his bull thesis.
$IBEX35 The Index is trading lower, as we were expecting in the middle of August 2022. Here is the 4 Hour view to members at https://elliottwave-forecast.com/, showing the path lower. We used the Index in late August to call a turn on the Indices. #elliottwave #trading $SPX $SPY $ES_F
Confirmation from the "other" weightings...
$RSP $YPS $SPX $SPY
We are only 0.1% below the 200-week SMA right now. In both Sep 1974 and 2002, we were WELL BELOW the 200-week SMA $SPX
Only 2 times in post WWII era has $SPX had an equal or greater decline compared to today
1⃣ 1974
2⃣2002
Funny thing is, as of September 30th for both years, it marked ultimate bear market lows. New bull market started on 1st trading day of October 1974 and 2002
$SPY $QQQ
MA breadth back to "washout" levels...Do we get another rally or do we get a flush? I'll let ya know in a few weeks.
$SPX $SPY $ES_F
Whatever #spx someone shows doesn't apply to current market conditions.
2022 is N=1 every stat
damn I wonder of there's a trading firm that had a time cycle peak yet again in to this blood bath. could it be possible?
BREAKING: Dow tumbles 500 points, S&P 500 down 1.4% — New 2022 Low
The DOW, S&P 500, and the Nasdaq are now ALL in a bear market
🔴 Dow is down 20.9% in 2022
🔴 S&P 500 is down 24.8% in 2022
🔴 Nasdaq is down 32.4% in 2022
$GBPUSD 4 hour update from 24 September shows pair ended wave 2 expanded flat and turn lower as expected #elliottwave #trading
$GBPUSD 4 hour update from 12 September looking for rally to fail below 1.229 for more downside #elliottwave #trading
This’ll rattle a few cages. https://www.wsj.com/articles/futures-giant-cme-considers-brokerage-taking-cue-from-crypto-rival-ftx-11664592510?reflink=share_mobilewebshare
09/30/22 - View today's #MarketOutlook from @MarketScholars here: https://wp.me/p9upfx-bvW Discussed: $SPY $IWM $EEM $EFA $GLD $TLT $USO $UUP $BTC $XLB $XLU $XLP $XLI $XLE $XLY $XLK $XLC $XLV $ABBV 🐻📉
Big deals dominate 31 FinTech deals this week
FINTECH GLOBAL
https://buff.ly/3LZYASB 👈 👈 👈
#fintech #banking #finance #crypto #payment #tech
@kalydeoo @nafisalam @Nicochan33 @RLDI_Lamy @Fabriziobustama @Shi4Tech @TrippBraden @mikeflache @Corix_JC @HaroldSinnott @danfeaheny
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