Idea for AAPL: - AAPL falls below the 100 DMA and Cloud afterhours on news that productivity would be slashed due to chip shortages. - If Apple can't get chips, who do you think can? - Apple tends to lead market drawdowns. Watch tech for further weakness. 3 of FAANGM are now below 100D. - We are passed peak earnings of QE, and I believe it is foolish to not expect declining earnings to be a trend all around going forward. Underlying problems never went away, QE was just a band-aid for the stock market while the likes of Tim Cook distributed their bags. - Energy shortages remind of the Crisis in the 70s, except semiconductors are an addition. - Wage inflation spiral appears to be closing in, and this would solidify Stagflation in the US.
GLHF - DPT
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The bastards eked out an ATH today against fundamentals, but we marked this date for a reason for another turning point. AAPL still in the cloud.
SNAP collapses 30% AH on earnings, alongside FB, TWTR, GOOG, INTC, all suffering large drops:
This is likely the turning point, or very near it. These sort of earnings misses, as well as revisions down will be a trend from now through 2022. Of course any sort of bad news would be shrugged off in a strong bull market, but that's just not the case anymore.
Price on the daily, now in a measured move down (MMD). Where she stops, only the DMMs know.
Rumpelstiltskin_
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Continuous QE has pumped up the market since 2009. Political leaders in the past called China currency manipulators, but isn't the U.S. Government a market manipulator. What ever happened to market discovery. I would agree with Stagflation, with some claw backs in residential real estate.
UnknownUnicorn1043646
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@HarryBach, I'm actually still on the fence with stagflation and deflation, but wage inflation spiral would seal the deal for me. Politics are simply a joke.
muhtrades
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How to profit from stagflation?
UnknownUnicorn1043646
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@muhtrades, commodities until deflation, then bonds + dollar