Podcast EP 37 Don't Look Up (Aug 25)

Podcast Available onSpotify | Apple Podcast | Amazon MusicFollow on Substack NotesReferral Program for existing Subscribers* When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:“https://nyugrad.substack.com?r=1ec55c”* Once I launch a paywall, your referral credits earned will be retroactive immediatelyShow Notes“We are navigating by the stars under cloudy skies”I can’t make it up. See clip below…Breadth* 51 New highs* 285 New lows (Yet NQ was up 1% and dow up 274)* 58% Adv / 35% Dec* 71% below 50 dayWhat stuck out? Jackson hole was sold off but then bought back upEveryone perceived nothing new from Jackson Hole.NVDA still closed downStrong bounce in most areas after lunch. $NVDA was anchor all day dispite a bullish dayScanned hundreds of charts and many things are dead cat bouncing up to test 50 day moving day. SPACSBetter.com up to $17 then down to $1!!!If you recall back during lockdowns the CEO laid off workers in mass over a Zoom call. An email sent to staff that was read by Forbes showed that Garg had past controversy in the way he handled his workforce.You are TOO DAMN SLOW. You are a bunch of DUMB DOLPHINS…SO STOP IT. STOP IT. STOP IT RIGHT NOW. YOU ARE EMBARRASSING ME,” Garg wrote in a previous email.Vin fast auto has sold less than 1k cars and they were all recalled. Yet this co is worth more than GM!HousingAirbnb many cities are blocking short term rentals (STRs)Mortgage applications are as low as 2015 levels.230pmWe closed off the lows. But we also closed off the highs as well. Never exceeded the Powell Jackson Hole peakStrong* Afrm up 28% on earnings (buy now pay later. Another sign consumers are tapped out)* Cvna up 9%* Wday up 5%Weak* Extr* NvdaWhat to watch* Yields Yields Yields* China* Magnificent 7Thanks for reading NYUGrad Stocks and Finance! Subscribe for free to receive new posts and support my work. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.notyouradvisor.com/subscribe