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Hey Nerds: Blockchain

It’s nice to be rewarded for holding on for dear life on a long scary rollercoaster. It’d be even nicer if it only kept going up and didn’t lunge or loop anymore.
 
I'm a bit surprised by today. One would think with a nice jobs report (good news), rates going down imminently, and FB, Apple, Amazon, Google, and Netflix all having had nice to great earnings, that the rest of tech would be popping today.
 
LeafOfFaith said:
I'm a bit surprised by today. One would think with a nice jobs report (good news), rates going down imminently, and FB, Apple, Amazon, Google, and Netflix all having had nice to great earnings, that the rest of tech would be popping today.
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people worried the March cut is off the table

but tech is up 1.55 % so not sure how much higher you want
 
A couple days ago March was priced in as a 50% chance of a cut. And there was about a 98% chance that we get a cut by May.

Those odds have shifted dramatically to 20% and 70% respectively.
 
...and then the fear that FED won't cut close to election time as to not seem political

But I personally think we get cuts in the early part of the year....price index for personal consumption expenditures (PCE) is getting very close to Fed stated target
 
CH1 said:
people worried the March cut is off the table

but tech is up 1.55 % so not sure how much higher you want
Click to expand...
Not so much what I want (though obviously), moreso what I expected.

If high rates were expected to kill tech, and they not only didn't kill them but tech stepped up bigger and better, and now jobs are looking good and rates are going down, I'm not sure why the big boys didn't ride the ripples of the FB wave today.
 
The fucked up thing is that residential real estate barely got impacted. For the most part, inventory just kinda dried up and nobody could buy or sell here. Sure, prices dropped, but nowhere near enough to account for rates tripling, so everyone just sat it out. And now the rates will drop so prices will shoot right back up, I guess.
 
Market sells off a bit into the close as folks realize JPOW will hit the show 60 minutes on Sunday Night
 
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JPOW looks at PCE.

The Federal Open Market Committee (FOMC) judges that inflation of 2 percent over the longer run, as measured by the annual change in the price index for personal consumption expenditures, is most consistent with the Federal Reserve’s mandate for maximum employment and price stability.
 
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