*Investors Blog*

[PimTac]

Are Canadian equities better than Europe and Asia? They have been so far in this downturn, but who knows if that will continue.

Look at the companies that are in the index. They will give you an idea of which sector they represent. Usually a ETF or fund will show breakdowns of this information in graphs and percentages.

 

[PimTac]

My guess on the CPI numbers tomorrow, we will see an increase but not as much as previous months. The numbers will be mixed.

My fear is the October CPI. My early speculation on that is that the numbers will be much higher. Fuel prices will exacerbate things.

 

[ZeeOSix]

The oil production cut by Saudi Arabia will have rippling economic impacts here and most likely fuel more infation due to higher fuel costs. And their reasons for doing it are rather alarming.

 

[SC Maintenance]

The oil production cut by Saudi Arabia will have rippling economic impacts here and most likely fuel more infation due to higher fuel costs. And their reasons for doing it are rather alarming.

I watched an analyst that said OPEC+ had been consistently 2.8M BPD below there previous "cap". ie they can't or choose not to even make there previous higher cap. So in practical terms 2M BPD cut should do nothing.

Physiologically it obviously does lots. Also Russia production will slow at some point. You can't have all the oil majors pull out of doing your maintenance, etc and not have a affect long term. The Russians nor Chinese have any of the competence of Shell, BP, Halliburton etc.

So I presume its up from here until Powell puts the globe in a massive recession and everyone starts staying home because they have no job to drive to.

 

[GON]

Just a supplemental comment for this thread. Bitcoin is down four percent overnight. Bitcoin had fallen pretty hard over the past nine months, but over the last 30 days has performed much better than the major indexes.

This morning- the major indexes futures are up, yet bitcoin is down pretty hard.

Disclosure- I do not own any cryptocurrencies, and never have. I also do not own any stocks.

 

[PimTac]

September CPI report shows inflation hotter than expected. Dow futures were up 300+ now down over 400.

 

[GON]

September CPI report shows inflation hotter than expected. Dow futures were up 300+ now down over 400.

Wow, what a swing in the Dow futures. Just a hour ago the futures were green and looking healthy.

BTW- PT, you are up early for a semi retired guy.......

 

[Pablo]

Jacking rates won't directly help if it's not the root cause. I keep writing this.

https://seekingalpha.com/article/4546254-inflation-cause-solution-to-markets-problems

 

[PimTac]

Consider that the futures were up substantially because of good news out of the UK. Then the inflation report came out.

So far the Dow futures have dropped 800 points in short order.

 

[alarmguy]

September CPI report shows inflation hotter than expected. Dow futures were up 300+ now down over 400.

Social Security increase will be 8.7% for 2023

 

[PimTac]

Wow, what a swing in the Dow futures. Just a hour ago the futures were green and looking healthy.

BTW- PT, you are up early for a semi retired guy.......

Yep. I like to get up around 0430. Early breakfast and coffee then go on a walk while it’s still dark. I see the sun come up

 

[PimTac]

The oil production cut by Saudi Arabia will have rippling economic impacts here and most likely fuel more infation due to higher fuel costs. And their reasons for doing it are rather alarming.

It will indeed and the October report due In November will show this. My prediction, if you think today is bad wait until next month.

 

[Koainn]

If one compares the cpi numbers in a chart and not just the forecast headline numbers to grab and trap rubes the trend is still down the last 6 months..the year to year especially. I'm gonna be looking to go long like I said yesterday

 

[Pablo]

If one compares the cpi numbers in a chart and not just the forecast headline numbers to grab and trap rubes the trend is still down the last 6 months..the year to year especially. I'm gonna be looking to go long like I said yesterday

So you just called the FED rubes


Hahaha

 

[Koainn]

I'm out of my oil short...don't want to squirm thru the thrashing of price today

 

[Koainn]

https://www.forexfactory.com/

Click the chart feature on the cpi numbers to see what I meant

 

[Koainn]

Oils almost back to the price of the announcement lol...I'll look to get back into another short when price gets back to overnight 87.60

 

[Pablo]

Transitory. Temporary.

 

[Koainn]

People getting trapped now...es price should get to 3550, the midpoint of the 730 15 min. Candle...meant 3570...that looks like the midpoint by eyeballing...don't feel like putting on a fib retracement

 

[Koainn]

No buy sig on daily es still so will wait till tomorrow....seeing how how diabolic and dastardly the market is price will prolly drop to below 3560, diddle last months lows and take off from there so thats what I'll be watching and buying

Played out beautifully