Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Feb 17, 2023 2:01:50 GMT -8
Once again, it’s Friday. We have another red color in this mornings pre-market at -1.05% at this moment. So, how will this week end?
Todays events:
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Feb 17, 2023 2:59:53 GMT -8
Stock futures slip Friday as inflation data, Fed officials’ comments worry investors: Live updatesOur inflation problem is being driven by supply restraints and raising interest rates can only increase the problem. You can’t expand the availability of goods by making capital more expensive. This will not likely turn out well. This is coming from some of the same people that thought that they could shutdown the world’s greatest economy for months on end and just restart it at any time without something like this happening. Amazing.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 17, 2023 7:14:27 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 17, 2023 8:07:19 GMT -8
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Post by duckpins on Feb 17, 2023 12:44:08 GMT -8
Dividends today. That is something to grease the wheels of endless bad news.
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Post by duckpins on Feb 17, 2023 12:56:43 GMT -8
Looks like SPY and AAPL both gapped down today. Both charts don't look terrible, but AAPL has a gap to fill at 147. Something to watch for.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 17, 2023 12:57:37 GMT -8
Dividends today. That is something to grease the wheels of endless bad news. Well, Fabulous Spouse and I found it to be quite pleasant.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Feb 17, 2023 14:12:47 GMT -8
Our inflation problem is being driven by supply restraints and raising interest rates can only increase the problem. You can’t expand the availability of goods by making capital more expensive. What things are supply constrained these days? iPhone Pros were, until a month ago. That was due partially from plant closures, and the interest rate wasn't related. Eggs have had constraints. Partially from more states adding cage-free restrictions, and partially from a bird flu where a lot of chickens had to be killed. Not interest rate related. Cars still have some constraints, but it seems mostly just ones that get really good gas mileage, partially to offset high gas prices. Things are a lot better, and while the 20 year old's offhand comment at the Toyota dealer was that all hybrids were about a year out, I found plenty within 250 miles on the Toyota site, and only about half said they were pending (ie already have a likely buyer). (FWIW, we like our year old Sienna, which still gets 30+ mpg in the snow, up and over mountain tops on curvy roads, and sometimes driving faster than we "should") My understanding is that Teslas are available, and the Ford dealer said he didn't have any of the low end model, but had the Lightning in the XLT and above levels. I'm not really looking as the 700+ mile range of our non-electric is one of the things we want for that vehicle's usage, but they had egged me on with an email saying my trade-in would be worth even more, though when I went through their hoops their quote was for less. Housing has changed quite a bit, with inventory up and prices flat or down some. And that was more directly due to raising interest rates. I'm not really familiar with other constraints right now that are causing price inflation, though there probably are some. What are they?
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