I was surprised by 2 letters from the IRS in our mailbox. One was a letter talking about the prepayment of part of the child tax credit, and the other was a small check!
Unlike other recent checks the IRS sent to some people, a yahoo story says that these have to be paid back if an overpayment occurs, such as if you have a higher income than the limits. And it gives a link of where to check or change your eligibility.
Monday July 19: Japanese Trade Balance (June) Japanese National Consumer Price Index (CPI)
Tuesday July 20: Netflix (NFLX) Reports Earnings Market Holiday in Singapore for Hari Raya Haji German Producer Price Index (PPI) (June) U.S. Building Permits (June) U.S. Housing Starts (June) People's Bank of China (PBOC) Interest Rate Decision
Wednesday July 21: United Airlines Holdings (UAL) Reports Earnings Coca-Cola (KO) Reports Earnings Johnson & Johnson (JNJ) Reports Earnings Market Holiday in India for Eid al-Adha
Thursday July 22: AT&T (T), American Airlines Group (AAL), and Snap (SNAP) Report Earnings Market Holiday in Japan for Marine Day European Central Bank (ECB) Interest Rate and Monetary Policy Decisions U.S. Existing Home Sales (June)
Friday July 23: Market Holiday in Japan for Sport Day Canadian Retail Sales (May) U.K. Retail Sales (June)
Events Next Week The U.S. housing market takes center stage next week with the release of data on housing starts, building permits, mortgage applications, and existing home sales.
US Housing Starts After plummeting 9.5% in April, U.S. housing starts jumped 3.6% to an annualized rate of 1.57 million units in May, despite rising labor and materials costs. The price of lumber has dropped 60% from its recent highs but is still 40% higher than it was a year ago. But mortgage rates remain low, with the 30-year fixed rate at 2.88%. That's ridiculously low, and it should continue to push homebuilders back into the market. Keep an eye on homebuilder stocks like Toll Bros. and Pulte Homes for market reaction.
Existing Home Sales The red-hot housing market may be cooling just as the summer heats up. Existing home sales fell 0.9% in April as prices continued to soar in markets like Phoenix, San Diego, and Denver. The S&P Case-Shiller National Home Price Index was up more than 14% year over year in April, the largest gain in its 30-year history. Inventory has been tight across the country, but there are still plenty of buyers out there and ultra-low interest rates.
ECB Meets on Interest Rates The European Central Bank (ECB) meets on interest rates next Thursday, and while no one expects the central bank to start hiking rates, investors are waiting to see if and when it will start tapering its asset purchases and fiscal stimulus measures. The Eurozone recovery has stalled out in recent months, and the rise of the Delta COVID-19 variant may force partially closures of some countries to foreign visitors, right in the heart of tourism season. Expect the ECB to stay the course, just like its U.S. counterpart.
Nothing is ever a straight line. Like playing in the waves at an ocean or big lake, there's a sweet spot between small waves, medium, and too large. It's all fun and games, until it isn't.
Last fall's euphoric stretch was particularly long. This little market-wide bump might be what helps create that again in the future. This level was nice, but I'd really like to see the 40 P/E wave again. That was a nice one!
We have the choice to build this board up, or tear it down. Make the right choice, or don't post here.
To All: Keep non-Apple SPECIFIC political stuff out of the daily thread. Thanks to name-calling and a lack of discussion, it's no longer allowed in the Dungeon either.
8-24-20 I give a 40+% probability on 15+% annualized returns for the next 2 years. For Sept expirations, using today's ($125.75), that's roughly ($146) for Sept '21, ($169) for Sept '22
Covered calls on Apple etc. make money sometimes you get called out eventually. Spreads are dumb. WGAF if you are called out or get the stock a little cheaper? All of the corps with the most cash on hand which I follow are down today but Nivdia. Cramer said same would never hit 290 again a while ago. Chinese are mostly down but NIO is up/ that is a good sign. YINN is off the bottom even on a down day. Apple hit the 50 mark on the & day rsi. Usually goes up before the down continues. Dylan's concert was fantastic. That film noir look was a mood changer.
Our new iMac arrived today, basically a month late. I’ll head to the Cambridge store tomorrow to see what kind of help we can get with the transition process. Frankly, at this point I am not optimistic. The last few interactions have not lived up to the expectations developed through more than 30 years as an Apple user, customer and investor.
I want to sell at the absolute local peak, and then buy back at the next local low. Every time, again and again and again. Actually, it sounds exhausting, much easier to just buy, hold, and collect dividends. Besides, if I could accurately determine local lows and highs, I could make 10X+ the money trading options rather than stock.
SomeJuan: M1X... 16 cores of CPU, 16 cores of GPU, 4nm TSM fab, katy bar the door...
Jan 16, 2021 9:45:11 GMT -5
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5