Mark Cuban says this was his worst "Shark Tank" investment ever: "Next thing you know, all of the money’s gone." (via @CNBCMakeIt) https://cnb.cx/3CaIMcs
President Xi Jinping is set to extend his rule as Chinese delegates gather for the closely watched China Party Congress. Here's what you need to know and why it matters.
Follow this story as it develops ⬇️ https://trib.al/qBHbulG
Electrification is solving one of autumn's most annoying problems: the deafening drone of leaf blowers https://trib.al/CZX9vLK
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
$VIX Closed back in the BB's but no bounce, Market new lows Vix not making new highs..
To me this is one of the many broken instruments in this market. Says risk on here but has for 3 days...
https://schrts.co/bfmzQdYE
Current situation:
1. $SPX falling in 100 point gaps like its 2001
2. $VIX down like we are in a bull market
3. Commodities crashing like we have deflation
4. Treasury yields at 15 year high like inflation is 20%
5. Sentiment mixed like nothing is happening
Nothing adds up.
The S&P 500 is now officially down 25% from its all time high.
Meanwhile, the $VIX remains 40% below the 45+ level that has been needed every bear market in history to bottom.
Many investors are quickly learning a very valuable lesson.
Bear markets do not bottom overnight.
FEAR & GREED INDEX PLUMMETS TO 14, EXTREME FEAR.
Meanwhile, $VIX manipulation continues.
This is the first time all year that $VIX has closed ABOVE $VIX3M two consecutive days. During the washout phase of the Q4 2018 correction, $VIX closed above $VIX3M 12 days in a row and peaked at 125% of $VIX3M
We are finally beginning to see some real fear hit the markets with $VIX up to 34.
However, the $VIX still stands 32% below 45.
No bear market has bottomed without the $VIX at 45+.
We maintain our view that at least 1 limit down day is needed for a bottom.
Fear forms bottoms.
Events in the average bear market that have not happened yet:
1. 10 months pass before the bottom
2. $VIX hit 45+ before every bear market bottomed
3. Stocks fall 36%, the current low is just a 24% decline
4. Short trade gets crowded
This is not your average bear market.
One of the most alarming parts of this bear market is that $VIX has only just crossed 30.
$VIX has been trading as if there is nothing happening at all.
No bear market in history has bottomed without the $VIX hitting 45+.
History continues to suggest more volatility is coming.
Subscribe to our Youtube channel to get regular technical update and educational video at https://www.youtube.com/user/elliottwaveforecast1 #elliottwave #trading
$EURUSD video from 30 September looking at the #Elliottwave path https://youtu.be/7Y4_JVFGzpU #trading
$EURUSD weekend update 1 October to members at http://www.elliottwave-forecast.com shows pair turning lower from blue box as expected #elliottwave #trading
$EURUSD video from 30 September looking at the #Elliottwave path https://youtu.be/7Y4_JVFGzpU #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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