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    Home Unlabelled Stock Market - What happened last night? Like the whole market tanked at close

    Stock Market - What happened last night? Like the whole market tanked at close

    May 11, 2021

    Stock Market - What happened last night? Like the whole market tanked at close

    What happened last night? Like the whole market tanked at close

    Posted: 11 May 2021 05:44 AM PDT

    Days like today is what separates the boys from the Men.

    Posted: 11 May 2021 06:39 AM PDT

    Your portfolio is blown the Fuck up. We are aware. You're not the only one. Calm the fuck down, and think for a minute.

    What has changed about the company besides the stock price? If nothing has changed altering your view on the initial investment then there's no reason to freak out. If you answered yes then reevaluate your outlook on the company.

    The big difference between those who are or will become wealthy, is they take opportunities like today to create a stronger foundation. That means you buy the fucking dip. You lower your cost basis. Plenty of people are panic selling right now instead of panic buying. The true investors take opportunities like these by the balls and look to turn it into a positive.

    Leave your emotions out of this relationship and make some money.

    submitted by /u/Liteboyy
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    Down but not out! stop losses get shaken out. No stop losses here.

    Posted: 11 May 2021 04:56 PM PDT

    Nebraska Passed A Bill That Is Expected To Allow Banks To Provide Cryptocurrency Services

    Posted: 11 May 2021 01:37 PM PDT

    Market Heatmap - 5/11

    Posted: 11 May 2021 08:37 AM PDT

    Here is a Market Recap for today Tuesday, May 11, 2021

    Posted: 11 May 2021 01:31 PM PDT

    PsychoMarket Recap - Tuesday, May 11, 2021

    Bottom line, the extreme volatility in the market, particularly in tech stocks, continued today, with tech stocks opening deep in the red before recovering throughout the day, with the Nasdaq (QQQ) going from roughly 2% down at open to roughly break-even by close. With the market fluctuating so wildly, it is difficult to pinpoint the reasons behind this price action, but I think there are two main, competing factors contributing to the volatility the market has seen in the last two weeks or so. It seems that fears of inflationary pressures causing the Federal Reserve to tighten monetary policy sooner than expected are affecting the market to the downside while the April Job Report, which missed analyst estimates and marked a sharp declaration in job growth compared to March, bolsters the Fed's argument that it will not consider tightening monetary policy until it sees a "string" of strong labor reports.

    Looking ahead, market participants wait for the U.S. Bureau of Labor Statistics' April consumer price index (CPI) set to be released tomorrow and the producer price index (PPI), set to be released on Thursday. These reports will show the latest change in prices for consumers and suppliers, and are expected to show a significant jump over last year's pandemic-depressed levels as demand resurges as the economy in the US reopens.

    Last Friday, the April Job Report showed only 266,000 jobs added in the month of April, missing estimates of more than 1 million and marking a sharp deceleration from the 916,000 jobs added in March. Despite significant progress, the economy remains roughly 8.2 million jobs short compared to pre-pandemic levels, and both the unemployment rate and labor force participation rate remain well below February 2020. For months, members of the Federal Reserve, including Chairman Jerome Powell, have consistently said they expect any inflationary pressures to be "transitory" and want to see progress rather than projections in the labor market before they consider tightening monetary policy. In an April 28 meeting Powell said, "Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened. Inflation has risen, largely reflecting transitory factors. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses." Put simply, Powell is saying that after the severe decline of prices following the quarantine in March, a rise in inflation as the economy recovers is not surprising and reflects transitory factors (transitory meaning not permanent).

    On the other hand, market participants are spooked that as the economy reopens and comes out of the pandemic, a surge in demand and consumer spending could drive a surge in prices. This, in turn, may prompt the Federal Reserve to raise interest rates sooner-than-expected, pressuring the valuations of technology and growth stocks. Market participants are anxiously waiting for the Consumer Price Index (CPI) set to be released tomorrow and the Producers Price Index (PPI), which are both expected to show a significant jump. Expectations for CPI are 3.6% year-on-year for the headline print and 2.3% year-on-year for the Core Inflation Rate (Core inflation rate is the one most people think about when talking about inflation). PPI is expected to be 5.9% year-on-year for April. If the numbers come out much higher than predicted, some analysts wonder if the Fed will realistically be able to hold out on raising rates for the foreseeable future.

    In short, the sharp deceleration in job growth shown in the April report serves to allay concerns that the Federal Reserve will tighten rate anytime soon, which may be why tech was able to bounce back somewhat today. For months, Jerome Powell and other members have reiterated they want to see significant progress in the labor market before they consider tightening policy and will telegraph their intentions well in advance. On the other hand, if the CPI and PPI numbers come in way higher than consensus estimates, inflation may begin to become a real concern for the Federal Reserve.

    Highlights

    • Prices for single-family homes in the U.S. surged by the most on record in the first three months of the year, with tight inventory levels and a jump in demand generating a rise in prices. Prices rose 16.2% year-over-year to reach a record high of $319,200, the National Association of Realtors said Tuesday.
    • L Brands (LB) said it is spinning off Victoria's Secret. The move will result in the lingerie chain operating as its own publicly traded company
    • Lara Mendona, who led the design of Bumble's dating app (BMBL) is set to join Twitter (TWTR) as a senior manager of product design.
    • Tesla Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub due to uncertainty created by tensions between the US and China, people familiar to the matter told Reuters.
    • Boeing (BA) reported 737 MAX jet deliveries fell to just four airplanes in April from 19 the previous month, as the best-selling aircraft struggles with an electrical problem that has re-grounded part of the fleet. The planemaker started delivering the 737 MAX to airlines in December nearly two years after the jet returned to service following a lengthy safety ban, following two high profile accidents.
    • U.S. Commerce Secretary Gina Raimondo plans to hold a May 20 meeting with senior U.S. auto industry leaders and other industry officials regarding the semiconductor shortage that has resulted in production cuts, two sources briefed on the matter told Reuters.
    • No price target raises again due to technical issues on our end, will be resolved soon.

    "To bear trials with a calm mind robs misfortune of its strength and burden." - Seneca

    submitted by /u/psychotrader00
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    My Watchlist For 5/12/2021 - Let's Capitalize On Folks Selling...

    Posted: 11 May 2021 05:50 PM PDT

    Wild ride the last 4 months have been...

    Posted: 11 May 2021 07:57 PM PDT

    S&P 500 visual summary: May 11

    Posted: 11 May 2021 01:26 PM PDT

    Bezos Sold Another $1.7 Billion Worth Of Amazon Shares This Week, Together With $5 Billion Shares Sold Last Week, Accounting For $6.7 Billion Cash Out This Month

    Posted: 11 May 2021 09:01 PM PDT

    A Dead Power Station In New York Is Being 'Revived' To Become A Cryptocurrency Mining Factory

    Posted: 11 May 2021 05:12 AM PDT

    Catalyst!���� High potential, High risk! Big reward!!������Hemostemix��

    Posted: 11 May 2021 08:28 PM PDT

    Hemostemix ($HEM $HMTXF) Provides a Clinical Trial Update and Announces the Release and Filing of 2020 Year-end Audited Financial Statements and Management Discussion and Analysis

    Hemostemix announced that, with the last patient follow up completed in April, the Company is now focusing its efforts on completing the key areas of the trial including, but not limited to, data entry, source document verification, data base query management and validation as more fully described below, biostatistical analyses and final reporting documentation. This process is expected to take approximately three months.

    The Company has contracted a clinical data management services company to provide Hemostemix with clinical trial data base management services, including data base management plan adherence, data base edit checks, data base query management, data base integration and validation, data base reconciliations by events, data base analysis readiness reporting, data base hard lock, and data base closeout and delivery. Hemostemix is continuing with the data entry and source document verifications. As announced on April 23, the 65th (final) subject has completed their last follow-up visit and the Company has contracted two additional clinical research associates to assist with the completion of the source document verification process.

    Hemostemix filed on SEDAR its audited annual financial statements for the period ending December 31, 2020, with a comparison to the year earlier period, including the notes related thereto and also including the management discussion and analysis (MD&A).

    Disclaimer: this is not investment advice, please do your own DD.

    submitted by /u/DSPowerOfTheSun
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    How Porsche Tricked Hedge Funds out of BILLIONS - The Donut Media car guys explained The VW Squeeze better than some experts!

    Posted: 11 May 2021 06:29 AM PDT

    OXY - recent quarter working capital charge of $1.347 billion?

    Posted: 11 May 2021 03:31 PM PDT

    OXY's recent earnings report indicate a working capital charge of $1.347 billion for Q1 operating cash flow. Normal working capital charges for OXY have historically been in the $200 - 600 million range.

    In the conference call OXY stated "Our business incurred a negative working capital change in the quarter, which was largely driven by higher accounts receivable and inventory balances due to the commodity price recovery. Over half of the working capital change was due to commodity price, which reflects the timing difference between revenues recognized and when the cash is received."

    Confused by what this actually means. They had an out of the norm working capital charge because oil prices went up? Would appreciate it if anybody can shed some light on this for me.

    submitted by /u/JuanPabloElTres
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    Poll: Over 70% Of People Supports The Idea Of Tesla Accepting Payment With DOGE

    Posted: 11 May 2021 09:05 AM PDT

    First time uploading on this subreddit.I believe in Tesla �� $1000 one day hopefully ��

    Posted: 11 May 2021 12:29 PM PDT

    When half the market capitalization is red ( but only 15 names ). Heat matrix of S&P 100. Be on the right side!

    Posted: 10 May 2021 09:01 PM PDT

    Something I noticed with the efficient frontier

    Posted: 11 May 2021 10:20 AM PDT

    Something I noticed with the efficient frontier

    I recently built an efficient frontier app that is built on python and hosted on my github. App here.

    But sometimes I would run it an get a plot that would look something like this

    https://preview.redd.it/5njgwkt6uey61.png?width=1152&format=png&auto=webp&s=c72316eb317aac613177c8006489b421bf993907

    I thought it was interesting that I would get this shape with outlier points when I am used to this shape

    https://preview.redd.it/wp9mhjcauey61.png?width=1162&format=png&auto=webp&s=4813450df3e5b12d4255f7675b9401ae8fabd040

    So I started looking into the problem and my first assumption was the number of tickers. The first test was around 30 stocks and the second test was 6 stocks. Each used the same calculation method 10y of daily historical adjusted close data using mean returns and covariance with 100,000 simulations. I then built a function in python that drops tickers and then runs the efficient frontier and this is what the results look like.

    https://preview.redd.it/p5akvjyduey61.png?width=1080&format=png&auto=webp&s=10e235f6d1737d3a25745bb356f5008cf657252c

    The way that this function works is that it pulls stocks from S&P 500 and then it drops a random amount of tickers then runs the efficient frontier over and over. It uses 10y of historical adjusted close prices, mean returns for returns, covariance for risk, and 100,000 simulations. The title of each graph is how many tickers are used. Also the algorithm doesn't redraw after each calculation, it drops from the previous test.

    I ran around 10 test which you can find in my github repo (here). I also kept track of what tickers are used in which test. What I've noticed is that the efficient frontier starts to fit a more "curvy" shape as we decrease the numbers of tickers used. Later tests will involve using different groups of stocks separated by industry, risk, and return characteristics.

    I have also added this function to my app above which you can find by selecting the ticker drop function on the left side bar. It does take a long time with 16 efficient frontiers, more than 300 stocks, and 100,000 simulations each so it takes some time. You can also pull the code from my repo and run it in python yourself.

    Something that I've also started working on is using anomaly detection to get rid of the outlier points for the minimum-variance and the mean-markowitz portfolio.

    I was also wondering why this shape occurs. If anyone has any ideas that would be great. I'm not sure why with more stocks it looks this way.

    submitted by /u/dial0663
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    Tuesday's Stock Market & Trading Recap - Learn, Trade & Profit @ 6:30 PM...

    Posted: 11 May 2021 03:00 PM PDT

    It seems the market is set for another bloody day. What is pushing all the tech stocks down? There was no single news today!

    Posted: 10 May 2021 08:33 PM PDT

    Best app/program(s) for EU citizens ?

    Posted: 11 May 2021 01:16 PM PDT

    Hey i am looking to starting out at long term investing and i was wondering what are the best places to do so as a EU citizen , I have heard great things about trading212 , degiro and controversial opinions about revolut , etoro etc etc . I have been searching online and asking here and there but it seems everyone has a vast different opinion on that matter . Right now it seems that the first 2 (trading212,degiro) do not accept , so as a newbie that has access to both a phone and stable pc , what are my best options ? It can be an app , a site , a program ... i am open to any suggestions as well as any help that anyone is willing to give . Thank you .

    submitted by /u/SupremeLeaderYT
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    Can someone help me understand my first option purchase and what I have to do to make profit, thanks

    Posted: 11 May 2021 07:05 PM PDT

    Textbook Head & Shoulders on micro-cap stock ETF. I think it goes sideways here, not down. Notice Bonds at the bottom. Thoughts?

    Posted: 11 May 2021 05:12 PM PDT

    Copper is ‘the new oil’ and low inventories could push it to $20,000 per ton, analysts say, says CNBC. I would play this with $SMTS a copper miner in the $3-$4 range that would make a BIG upside jump as copper prices rise and could hit the mid to high $30’s.

    Posted: 11 May 2021 08:58 AM PDT
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