Boiler Room: The Official Stock Market Discussion

[BlaxOps]

As reported by Congresstrading, Pelosi and her husband sold 25,000 shares of NVIDIA Corporation on July 26 valued between $1 million and $5 million.
In the comment line of the filing, Pelosi said the shares were sold at an average price of $165.05 for a loss of $341,365.

The sale by Pelosi comes after public scrutiny over exercising calls of the leading semiconductor stock done ahead of a vote on the CHIPS Act by Congress, which Pelosi publicly supported. The CHIPS Act could directly benefit NVIDIA Corporation.

“I think this comes in response to public pressure and the conflict of interest her stock position posed,” the founder of Congresstrading.com, who asked to remain anonymous due to the sensitive nature of his site, told Benzinga.

 

[Pressure]

As reported by Congresstrading, Pelosi and her husband sold 25,000 shares of NVIDIA Corporation on July 26 valued between $1 million and $5 million.
In the comment line of the filing, Pelosi said the shares were sold at an average price of $165.05 for a loss of $341,365.

The sale by Pelosi comes after public scrutiny over exercising calls of the leading semiconductor stock done ahead of a vote on the CHIPS Act by Congress, which Pelosi publicly supported. The CHIPS Act could directly benefit NVIDIA Corporation.

“I think this comes in response to public pressure and the conflict of interest her stock position posed,” the founder of Congresstrading.com, who asked to remain anonymous due to the sensitive nature of his site, told Benzinga.

They bring this up, but hadn't she been taking losses like everyone else on her plays?

 

[Serious]

The FED is worried about Consumer Sentiment Index. This shows that people are worried about inflation. In the past when consumer sentiment drops, this usually means a recession is on the cusp.

Surveys of Consumers

Current pic:

Basically the FED acted too late in regards to inflation, now their best tool is to cause a recession to get inflation back under control.

Interesting term worth looking up: "Neutral Rate"

The Neutral Rate of Interest

This essay explores a number of the key issues associated with using the neutral rate concept in formulating monetary policy.

www.dallasfed.org

 

[chineebai]

Buy signal now but with fomc and earnings its difficult to pinpoint

 

[BlaxOps]

They bring this up, but hadn't she been taking losses like everyone else on her plays?

I thought her overall record was good. Pretty sure they would have held through the CHIPS ACT approval to reap the benefits. They had to sell early.

 

[Brolic]

Why is the market still green today?

 

[BlaxOps]

Loving this run up. Especially for $META...

before the fall?

 

[chineebai]

Last 3 fomc, the day after was a selloff.

But this is why you trade the tape and nothing else. Forget the news or anything else. The price is the best news. Feds announce rates go up,.market goes up, feds announce no increases, markets go up, makes no sense to listen to the feds. Best move is to wait how markets react in terms of pricing.

The game for these types of days for market makers is to hunt for stop losses, and crush option premiums which is why I always advise to wait and hold for any fomc, opex, and earnings.

 

[SleezyBigSlim]

Why is the market still green today?

Unemployment is at a near 50yr low that's why. The excellent labor market is keeping us out a recession. We're propping up the global economy.

 

[Serious]

Why is the market still green today?

Fed Rate Hike has been priced in.

Too many people have been anticipating this.

With that said, like I mentioned earlier. The market is still trading too rich.

Shiller PE Ratio - Multpl

Shiller PE Ratio chart, historic, and current data. Current Shiller PE Ratio is 33.88, a change of +0.36 from previous market close.

www.multpl.com

Q3 Earnings is where the market could real get interesting, that's usually a time when the market dips:

 

[ogc163]

 

[Brolic]

Fed Rate Hike has been priced in.

Too many people have been anticipating this.

With that said, like I mentioned earlier. The market is still trading too rich.

Shiller PE Ratio - Multpl

Shiller PE Ratio chart, historic, and current data. Current Shiller PE Ratio is 33.88, a change of +0.36 from previous market close.

www.multpl.com

Q3 Earnings is where the market could real get interesting, that's usually a time when the market dips:

I was waiting to getting 10 shares of apple below $140.

 

[Serious]

Meta reports earnings, revenue miss and forecasts second straight quarter of declining sales

Meta's second-quarter earnings report comes after a 50% plunge in the company's stock price this year.

www.cnbc.com

 

[BlaxOps]

 

[Rickdogg44]

GDP numbers out soon