It’s over for you bears. I was with you in spirit and with my money. But it’s over. There are a slew of movers to the upside this evening based off STRONG consumer spending. This is all the market needed to see.
Lyft beats by $0.17, reports revs in-line, adjusted EBITDA of $79.1 mln, easily exceeding its guidance of $10-$20 mln
Cloudflare beats by $0.01, beats on revs; guides Q3 EPS in-line, revs above consensus; reaffirms FY22 EPS guidance, guides FY22 revs above consensus
DoorDash misses by $0.32, beats on revs
Block beats by $0.02, beats on revs
Carvana misses by $0.37, misses on revs; continues to expect a return to >$4,000 total GPU and significant positive EBITDA in FY 2023
Yelp beats by $0.12, beats on revs; guides FY22 revs above consensus
Expedia Group beats by $0.40, beats on revs
Block beats by $0.02, beats on revs
Today’s highlights were all biotechs, up 4% for the session. It seems, as unbelievable as it might be, the rally will at least continue into tomorrow. God willing, sometime soon, we can get back to sharply higher energy prices and much much lower stocks.
I finished 85% long, 15% short via LABD.
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God willing, I want my 1000 %
This is bad news because it’s good news. The Fed pivot is delusional. Now we get higher commodity prices and higher rates.
Game over bulls.