It’s a trap, believe me.
Markets have traded +200 from the open — because buying dips is an American past time. Let’s put things into perspective.
The trade war doesn’t officially begin until after May. China is giving talks a chance before starving their 700 million pigs to death by raising tariffs on our soybeans. With that in mind, much of the news flow now is rhetoric, scare tactics, and positioning ahead of talks.
However, there is a certain flair to Trump’s recent tweet storms and they’re overtly anti-globalist — which is what markets feared during the elections. The original assumption was a Trump administration could ruin foreign trade and disrupt the status quo. It appears he’s trying to do that now.
My sense, this is head fake and the Trump tweet storms are gaining steam, targeting all of his enemies which were dutifully described during his campaign. You’d be wise to raise cash, hedge, and wait this out.
If you enjoy the content at iBankCoin, please follow us on Twitter
Fed’s Bullard says no need for more rate hikes. Today will be looked back on as a great entry point for stocks this time next year.
Bullard has been a dove in the past, but more importantly he is not even a Member of the FED’s Open Market Committee so he has no vote
https://www.federalreserve.gov/monetarypolicy/fomc.htm
Trump is a perfect scapegoat for the central banksters’ crashing the markets. This is not Trump’s or some stupid trade war doings. This is your usual suspects setting Trump and Powell up for fall guys. Rigging markets up with (((filthy))) confetti and leveraged debt could not go on forever. Watch Europe for the next financial fiasco that will set off next global depression. I am loving it. I waited sooo long for this. And so did JPM with vaults heaping with phyzz silver as well as Russia and China up to their gills in phyzz gold.
Fairly confident that anyone buying the $SPOT bear market on the open is getting trapped.
As of 4/2/2018, 100% of $SPOT’s shares were held by employees, I believe (amybe a few investors, but no investment banks looking to give sahres to clients).
So Day 1 (as with more IPOs), you ahve alot of retail demand from reatil investors with more greed than investement sense. This is balanced with employess looking to cash out.
Based on the 1st day’s ugly trading (which was during an upmarket day), a lot of the other employees probbaly started to get itchy trigger fingers and want to sell their shares today. However, if $SPOT can level out during this first week, then Supply will probably wain while Demand continues, so $SPOT will probably do well next week (5-10%) – again assuming it can find a support level this week, which might be a big if.
Maybe. Has there ever been a reasonably valued IPO with no traditional lock up? Does valuation and popularity outweigh every major early investor dumping shares, instead of waiting the usual 180 days? I’d guess no.