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[Halo is Back]

Massive day in the markets today. At ATH high again.

Good news for markets too. Not surprisingly, Canada bailed from their tariff bravado. Most counter US tariffs not happening.

https://finance.yahoo.com/news/canada-drop-many-retaliatory-tariffs-144721808.html

The government is changing its tariff policy to align more closely with US measures. That means a broad range of US-made consumer products will no longer face a 25% tariff when imported into Canada, as of Sept. 1, as long as they're shipped in compliance with the provisions of the US-Mexico-Canada Agreement.

But Canada is keeping 25% import taxes on US steel and aluminum, as well as tariffs on US cars and trucks. President Donald Trump has imposed levies on all of those sectors.

Same, not quite with my ATH but pretty close now. Considering SPY is my biggest holding, my portfolio will most mirror the broader stock market. Since starting, I've added 4 new stocks to diversify, and I'm considering adding TSM, but a possible Chinese invasion of Taiwan keeps me from pulling the trigger, as I'm sure that will put the company's future in question.

 

[Go_Ly_Dow]

My UK penny stocks are bringing in the £££ wooo

 

[Nocty]

Powell all but admitted we've been in a recession since Aug 2024

"When I appeared at the podium 1yr ago, the economy was at an inflection point. Unemployment had increased by almost 1%. A development that historically has not occurred outside of recessions."

 

[Halo is Back]

Powell all but admitted we've been in a recession since Aug 2024

"When I appeared at the podium 1yr ago, the economy was at an inflection point. Unemployment had increased by almost 1%. A development that historically has not occurred outside of recessions."

Anyone paying attention knew this a while ago. It's the mainstream media that was trying to gaslight us for years by pretending that the economy was stronger than it really was.

 

[StreetsofBeige]

^ As for you guys talking Powell and US economy, I don't think many people closely follow metrics that can scream recession or downward trends.

Even when I got business channels on TV, they don't focus a lot of time on that stuff. Instead it's all about frantic stock index and stock prices whose up or down big today.

The channels could have 15 min segments alone hyping up nvda and chip sector or the AI train.

When stocks are flying green that's all what a lot if people see as they focus on their portfolio and don't care if jobless rates edge up or mortgages might go up. Myself included. I'm amped up on any news bites for any stocks or sectors I'm vested in and am not concerned about those other kinds of metrics and ratios.

 

[Halo is Back]

^ As for you guys talking Powell and US economy, I don't think many people closely follow metrics that can scream recession or downward trends.

Even when I got business channels on TV, they don't focus a lot of time on that stuff. Instead it's all about frantic stock index and stock prices whose up or down big today.

The channels could have 15 min segments alone hyping up nvda and chip sector or the AI train.

When stocks are flying green that's all what a lot if people see as they focus on their portfolio and don't care if jobless rates edge up or mortgages might go up. Myself included. I'm amped up on any news bites for any stocks or sectors I'm vested in and am not concerned about those other kinds of metrics and ratios.

Sure, but it does help to keep an eye on unemployment, inflation, interest rates, national debt, and so on, since they will inevitably affect the stock market. I'm currently building a decent position in a REIT stock, so I want to keep an eye on interest rate cuts, and I'm betting on them getting a cut by at least the end of this year because the us national debt and other sectors of the economy can not exist forever in a high-interest-rate environment.

 

[StreetsofBeige]

Sure, but it does help to keep an eye on unemployment, inflation, interest rates, national debt, and so on, since they will inevitably affect the stock market. I'm currently building a decent position in a REIT stock, so I want to keep an eye on interest rate cuts, and I'm betting on them getting a cut by at least the end of this year because the us national debt and other sectors of the economy can not exist forever in a high-interest-rate environment.

Agreed.

I've been building my portfolio to have some 5-8% divvy players. My hope is if I can boost my portfolio in the next couple years, I'm gonna retire and live off that.

 

[Grildon Tundy]

Net worth's at an all-time high today baby this bull market's never gonna stop!!!

 

[Nocty]

one of these days my $APLD is gonna get that damn short squeeze. It's coming. I hope.

 

[DrFigs]

Powell all but admitted we've been in a recession since Aug 2024

"When I appeared at the podium 1yr ago, the economy was at an inflection point. Unemployment had increased by almost 1%. A development that historically has not occurred outside of recessions."

things weren't great, but if there was an economic downturn, it probably happened in q1 2025 when gdp growth was actually negative. or sometime in may or june when job growth in a country of 300 mil people was ~30k jobs. i think people have been abusing the term recession for years, when things were just fine.

 

[Unknown?]

things weren't great, but if there was an economic downturn, it probably happened in q1 2025 when gdp growth was actually negative. or sometime in may or june when job growth in a country of 300 mil people was ~30k jobs. i think people have been abusing the term recession for years, when things were just fine.

We had two quarters of negative GDP growth in 2022, they just conveniently decided that wasn't a recession. GDP is a horrible metric for growth because inflation makes it go up. There could be no real growth or negative growth but GDP goes up due to inflation(which is mainly caused by government overspending). GDP also includes government spending. Not sure what percentage it is but I know at least 25% of GDP is government spending and since spending deficits are at record highs, GDP goes up. When deficits make up a big portion of GDP, debt is growing faster than the economy. Government spending is just taking away from the private sector and does not create real growth anyway, however.

Those paying attention know it wasn't rosey and I'm more inclined to believe we never really recovered from 2008.


Job growth has been terrible for awhile. 2024 alone had job growth revised down by 800,000 jobs. So all of those jobs we thought we had based on reports, weren't there!

 

[StreetsofBeige]

one of these days my $APLD is gonna get that damn short squeeze. It's coming. I hope.

I might hop back in. I chickened out days ago at about $15.50. Shoulda held! lol

 

[dave_d]

Job growth has been terrible for awhile. 2024 alone had job growth revised down by 800,000 jobs. So all of those jobs we thought we had based on reports, weren't there!

Just chiming in here. When I lost my job(software engineer) last year in a layoff all I heard in the news was how great the job market was. However the recruiters said something totally different, that it was a buyers (employers) job market. Myself and everybody I knew that was looking for a job was spending months looking so I was not surprised to hear those numbers gets revised down. I think it took my nephew over a year to find his first programming job after graduating last year and he didn't even get a 401k with it. Hell it took me 8 months to find something. So yeah, the stuff the news was reporting last year was complete horse***t

 

[Nocty]

I might hop back in. I chickened out days ago at about $15.50. Shoulda held! lol

I had to stop myself looking at the price. I got in around $9, so there was a ton of volatility I just never saw because I refused to look. Sometimes its for the best.

Long term there is just no way this doesn't go up mich higher. They have big comitments alreaedy in line from companies like corwewave for billions per year, and likely another huge deal from another hyperscaler juts announced though they have not yet revealed who it is