The day (Bicycle day) in review mirror
Markets update
The reflation trade made a showing today:
- bonds a tiny bit lower (US TY 10Y yield up a few bp),
- most commodities up (except gold),
- bitcoin (‘digital gold’) down 7% to $56K, but Dogecoin (designed to be worthless) hits new ATHs,
- European equity indexes generally positive. Spain up 1%,
- US equities treading water (NDX down 1%),
- Some Ponzi sector stocks down a bit ($TSLA down 3.6%),
- $ORA, (Ormat Technologies ) down 2.4 SD. Some short sellers suggest it is a fraud stock, $ROOT and $INTZ also down heavily: both possible fraud stocks,
- $MO down 6% on news that Biden will reduce nicotine levels in cigarettes. Buying opportunity, as these are very international stocks?
Coca-Cola will raise prices to offset higher commodity costs, first increase since 2018 https://t.co/3KCANEnbbt
— CNBC (@CNBC) April 19, 2021
The #MysteryBroker went to a short-term Sell on stocks at Friday's close.
— Michael Santoli (@michaelsantoli) April 19, 2021
After a 90% surge in S&P 500 in 13 months, expects a tough correction lasting perhaps 3-6 months. Analogous to the deep 2010 correction, which was not previewed by serious divergences or other warnings.
who decided to call them NFTs instead of GIF Certificates???
— adam j. sontag (@ajpiano) April 18, 2021
So called fitness 'experts' warn Peloton owners may have still have to exercise to receive any benefit from the machines https://t.co/afyGsOMz2o
— ForexLive (@ForexLive) April 18, 2021
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