Favorite team:Texas A&M 
Location:Lexington, KY
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Interests:Lipids, Lipoproteins, Golf, A&M & CATS Sports
Occupation:Scientist
Number of Posts:8103
Registered on:7/6/2020
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Tech earnings reports driving a 400pt gain in the futures market this morning.

That stat of <10% of traders beating the S&P 500 seems pretty relevant at the moment.
It's 7:30 EDT and the article is still top of their website.

LINK
Posted on the other thread, but wanted to bump this one as well.

So on the news of the first quarter contraction there was an early morning selloff, but by the close the market was up 146 points.

This is the worst recession ever.

:rotflmao:

re: -0.3% 1st Quarter GDP

Posted by Wildcat1996 on 4/30/25 at 3:54 pm
So on the news of the first quarter contraction there was an early morning selloff, but by the close the market was up 146 points.

This is the worst recession ever.

:rotflmao:
That guy is either BSC or this is an incredible bombshell.

Consider that leftists are still apologizing for Indian Schools of the 19th and early 20th century. This would be an unprecedented scandal.
quote:

He's not even Catholic.


People said that about the last Pope.

If they do decide to elect Trump, I see them moving the Vatican to Mar a Lago or to one of the newest US states.

:lol:
No. That clown is just making shite up...or simply cutting and pasting from somewhere else where another clown is just making shite up. Rumsfeld, Gates, and many others who effectively served in this role were none of those things either. Those things don't even exist in all branches of the military.

The thing about the internet is that any idiot can post anything they want at anytime.

:rotflmao:
quote:

He should resign because he isnt qualified for the job.


This talking point failed in Senate hearings.

Signal App talking point died last week..."The Pentagon is in chaos" talking point the week before that.

I have never seen a cabinet appointment get this much attention in the absence of a real scandal. Hell, Biden's Sec Def went AWOL and aside from a little carping, it was forgotten in a news cycle.

Why does "Handsome Pete" scare the shite out of everyone inside the Beltway?
Doesn't really sound like the people are listening given the lack of change in his approval ratings.

re: -0.3% 1st Quarter GDP

Posted by Wildcat1996 on 4/30/25 at 8:48 am
quote:

imminent by July


re: -0.3% 1st Quarter GDP

Posted by Wildcat1996 on 4/30/25 at 8:20 am
Some actual content: WSJ

quote:

U.S. Economy Contracts at 0.3% Rate in First Quarter
The reading fell short of the 0.4% growth that economists surveyed by The Wall Street Journal expected


quote:

The U.S. economy contracted in the first three months of 2025, as businesses rushed to stock up on imports ahead of tariffs.

The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—fell at a seasonally and inflation adjusted 0.3% annual rate in the first quarter. That was the steepest decline since the first quarter of 2022.

Net exports, the difference between imports and exports, were a large drag on growth in the first quarter, stripping 4.83 percentage points from headline GDP. Imports increased at a 41.3% pace in the first quarter as businesses tried to get ahead of tariffs that began to come into effect during the first three months of the year and were dramatically increased in the current, second quarter.

“The headline decline overstates weakness because a lot of that was tariff-induced pull-forward,” said Shannon Grein, an economist at Wells Fargo. “Overall, I think that it was a relatively solid underlying report when it comes to demand.”

The reading fell short of the 0.4% growth that economists surveyed by The Wall Street Journal expected.



A contraction is a contraction, but this is still not October of 1929 as some so desperately want it to be.
Safety from whom?

Two weeks ago he was supposed to resign because of Signalgate. Now he's in danger.

Man, they are really afraid of this guy.
Are Yassamin Ansari, Robert Garcia, Maxwell Frost, and Maxine Dexter still staying in El Salvador until this boy scout is returned?
Squeezing China is hardly isolation.
Having clutched their pearls for weeks and mocked "Liberation Day", the boys at the WSJ have been kind enough to explain why the markets haven't cratered as predicted and recovered from the sell-off earlier this month.

WSJ

quote:

Markets have staged a major rebound since President Trump’s trade war sent stocks reeling in early April.

The S&P 500 closed higher for a sixth consecutive session on Tuesday, and the tech-heavy Nasdaq Composite is now up for the month. It is a remarkable comeback from just three weeks ago, when plummeting stock and bond prices triggered a 90-day pause on many planned tariffs.

Here’s a look at what has been driving the recovery, and which assets are still hurting.


quote:

Apple’s reliance on Chinese manufacturing makes it one of the big tech companies most exposed to tariffs. So investors rejoiced earlier in April when the Trump administration said it would exempt phones, computers and other tech devices from its 145% tariffs on imports from China. The market darling Nvidia got a similar boost after the announcement.


quote:

The tariff-fueled market rout initially sparked a flight to safer investments, driving Treasury yields lower. Then, government debt began posting its own steep declines, raising worries about market stability that helped push the administration to delay some tariffs.

The market has stabilized since then. Investors are chalking that up to optimism that the Trump administration will back off from its most extreme trade policies. But yields remain relatively elevated, owing to lingering concern that tariffs could lift inflation and hurt foreign demand for U.S. debt.


Futures market is up this morning on the last day of April.
Assuming this is true, India is clearly preferable to China as a trading partner.

re: Men are in their simplest form

Posted by Wildcat1996 on 4/29/25 at 4:14 pm
I generally assume women are bad at comedy, but I would pay to see her show.

Not bad at all.