It might go even lower but you have see this week conditions to signal go ahead after next week so I am just like you standing by to buy another round

Earnings are not the driver but the macro and geo is the current driver

If Big Tech earnings remain strong, you can expect the market strength to remain. You dont need all stocks to show strength. Big Tech alone can carry the weight of the market.

We'll kmow soon,... but in the last few days, whenever I switched on Bloomberg, I see the sentiment not being good,..... overall,....

Ive learnt over the years not to pay attention to the noise. The best strategy is to go against the sentiment.

WSJ ECONOMY

How the Highest Bond Yields in 16 Years Could Chill the Hot U.S. Economy
Sharp run-up in long term yields comes as economy faces several potential challenges

https://www.wsj.com/economy/how-the-highest...share_permalink

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WSJ FINANCE

Chevron and Exxon Might Have Kicked Off an Oil Land Grab
Few sizable targets remain after the oil supermajors’ mega acquisitions, setting off a scramble for what is left

https://www.wsj.com/finance/chevron-and-exx...share_permalink

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WSJ FINANCE | REGULATION

Banks Face Shake-Up of Low-Income Lending Rules
Top banking regulators are completing overhaul to Community Reinvestment Act rules

https://www.wsj.com/finance/regulation/bank...share_permalink

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WSJ FINANCE | BANKING

Is It Time To Worry About Banks’ Business Lending?
The market’s focus on offices and credit cards may miss what’s more important for many regional lenders

https://www.wsj.com/finance/banking/is-it-t...share_permalink

----------------------------------------

WSJ RISK & COMPLIANCE JOURNAL

U.S. Derivatives Regulator Plans Tougher Enforcement Approach
The CFTC said it intends to crack down in particular on recidivist firms

https://www.wsj.com/articles/u-s-derivative...share_permalink

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WSJ HEARD ON THE STREET

abcn1n
Nah for you to hear on Costco.
https://www.acquired.fm/episodes/costco
3h podcast on Costco.

Thanks

MSFT results: https://www.microsoft.com/en-us/investor/ea...release-webcast

GOOG results: https://abc.xyz/assets/4a/3e/3e08902c4a45b5...ngs-release.pdf

Visa results: https://investor.visa.com/financial-informa...gs/default.aspx

Earlier, one of the ABCD grain trading companies reported results as well: ADM

https://investors.adm.com/financials/quarte...ts/default.aspx

And I missed Novartis yesterday... but already sold my stake before the Sandoz spin-off.

https://www.novartis.com/investors/financia...arterly-results

This post has been edited by TOS: Oct 25 2023, 08:24 AM

To me,... Costco sells cheaper in Parramatta, Sydney, and at that store near where my daughter used to stay in Melbourne. Saw a Costco too in Seattle, Washington State when I was there but didn't go in,.... In Vancouver, visited Walmart instead abt 1 km from that station before Metrotown station, couldn't see Costco,.........

Costco pizza slices in Australia are lousy, but my son loves them,...

That's all I know abt Costco,......

BigTech is not the driver this round 🤦‍♀️ but overall macro and geo is the driver

Earnings will be bleh and market will just go up a bit and then come back crashing down 🤦‍♀️ and it will be sideways till year end

wait for bloodbath to end first before going in.. seems like possibility for market to drop even more till they see a stable interest rate outcome. Fed keep being hawkish and ongoing 2 wars adding more fuel to the fire.

That is why have to be patient because the bloodbath just starting and next week will be even more volatile than this week so get your shopping list ready 👏

There is no way you can time the bloodbath ends 🤦‍♀️ so it is just strap on and get ready to enter at the right price

Food for thought. The market hasn't gone anywhere for the past 2 years. The S&p500 level is back where is at at April 2021, we might not even see a profit for the next 3 years, 5 years

So far its Big Tech earnings which are causing the bloodbath on Nasdaq with Alphabet and Meta leading the way. Even the slightest miss or negative future earnings news is resulting in the sell off.

Thats why someone who made 1 lump sum investment in April 2021 and just sat n waited would not have made much. The idea is to keep investing on every major sell off of at least 5-15% or do it consistently every month to build the portfolio.

Correct. Ill add to my positions next week too

Add Alphabet 😄

You read too much on the headlines 🤦‍♀️ the bloodbath is caused by Fed impending hike and the geo wars sentiment which causes sell off 🤦‍♀️ even Meta and Amazon beat earnings expectation yet still falling

That is why wait next week Fed meeting to see whether Dec hike is impending or not 🤦‍♀️ but expect next no hike and there should opening to add on Big 3As

I am talking short position on this.Cut Loss around 422.57 (5% Loss)
How do u think on this technical analysis.

looks reasonable