It doesn’t get much worse than this, TGT cutting estimates for the second time in a month — promising to take pricing actions to correct inventory situation. Look for some clearance sales soon.
Target Plans ‘Pricing Actions’ To Cut High Transportation Costs
– Actions Include Removing Excess Inventory, Cancelling Orders
Look for broad weakness in consumer related names today. Also, bitcoin and Ethereum dumped out last night, producing a wonderful selling environment for COIN and other crypto related stocks today. There is a chance for a fucking full meltdown today. However, and as always, expect chicanery. Although I’d place the chance at the NASDAQ going green today at zero, crazier things have happened. But we need some good news, something, anything.
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I finally got it, the WECers, neocons, Pelosis and other warmonger front ran investing in thermal coal.
Duh, I’m long NRP here.