iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
21,399 Blog Posts

Retail Shines; Everything Else Collapses

The retail trade is super strong today led by a double digit jump in M. Also, NVDA, QCOM and other mega caps are strong. However nice it is to see, everything else is collapsing.

Any questions?

I had strong trades overnight in NEGG, SNII, and others that propelled me to +1%; but I squandered it after chasing some bad stocks this morning and now I’m flat. I just sopped up a foray of stocks, mostly large capped, and expect to drawdown there too. The crypto trade has gone terribly wrong and pardon me for even suggesting this —- but is the run to Thanksgiving canceled?

Nevertheless, I’ll try my best. Wish me luck.

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One comment

  1. Mr. Cain Thaler

    So if retail is crushing sales but everything that supplies retail is in shambles, what is our best guess about where 4Q inflation numbers come in at?

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    • 0 Deem this to be "Fake News"