Capitalism, The Fed and Economic Policy

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  • mickeyratmickeyrat Posts: 38,547
    Not sure where to put this so here goes.

    Intel was just pulled from the Dow Industrial average and replaced w Nvidia.  Intel was the big chip maker here in the US and now out w the old and in w the new.

    This is interesting to me as Intel is getting an 8 billion dollar grant to build new chip making facilities here which are already underway.

    Why on earth is everyone giving up on Intel?  I get they are the old guard and couldn't stay on top but man, they should be able to get something going...



    chips were spun off this year. ohio project and others still on pace.....

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • tempo_n_groovetempo_n_groove Posts: 40,350
    mickeyrat said:
    Not sure where to put this so here goes.

    Intel was just pulled from the Dow Industrial average and replaced w Nvidia.  Intel was the big chip maker here in the US and now out w the old and in w the new.

    This is interesting to me as Intel is getting an 8 billion dollar grant to build new chip making facilities here which are already underway.

    Why on earth is everyone giving up on Intel?  I get they are the old guard and couldn't stay on top but man, they should be able to get something going...



    chips were spun off this year. ohio project and others still on pace.....

    So that is a good article.  The Dow kicked them out.  Thats not good.  Their stocks are only going to go down further now. Doesnt mak a lot of sense...
  • mrussel1mrussel1 Posts: 29,666
    mickeyrat said:
    Not sure where to put this so here goes.

    Intel was just pulled from the Dow Industrial average and replaced w Nvidia.  Intel was the big chip maker here in the US and now out w the old and in w the new.

    This is interesting to me as Intel is getting an 8 billion dollar grant to build new chip making facilities here which are already underway.

    Why on earth is everyone giving up on Intel?  I get they are the old guard and couldn't stay on top but man, they should be able to get something going...



    chips were spun off this year. ohio project and others still on pace.....

    So that is a good article.  The Dow kicked them out.  Thats not good.  Their stocks are only going to go down further now. Doesnt mak a lot of sense...
    To be listed on the Dow, you're supposed to be a flagship of an industry.  In this case, Intel has consistently under-performed against others in the semi-conductor market.  Nvidia now represents the sector for purposes of evaluating the US market using price-weighted index, which the Dow is.  

    This is my understanding of why the committee chooses to select and de-select companies.  
  • tempo_n_groovetempo_n_groove Posts: 40,350
    mrussel1 said:
    mickeyrat said:
    Not sure where to put this so here goes.

    Intel was just pulled from the Dow Industrial average and replaced w Nvidia.  Intel was the big chip maker here in the US and now out w the old and in w the new.

    This is interesting to me as Intel is getting an 8 billion dollar grant to build new chip making facilities here which are already underway.

    Why on earth is everyone giving up on Intel?  I get they are the old guard and couldn't stay on top but man, they should be able to get something going...



    chips were spun off this year. ohio project and others still on pace.....

    So that is a good article.  The Dow kicked them out.  Thats not good.  Their stocks are only going to go down further now. Doesnt mak a lot of sense...
    To be listed on the Dow, you're supposed to be a flagship of an industry.  In this case, Intel has consistently under-performed against others in the semi-conductor market.  Nvidia now represents the sector for purposes of evaluating the US market using price-weighted index, which the Dow is.  

    This is my understanding of why the committee chooses to select and de-select companies.  
    I am well aware and u are correct.  The article Mick posted seems like they were on top of the world when they are truly not so I was surprised he posted it.  Seems like the writers were misinformed no?
  • mrussel1mrussel1 Posts: 29,666
    mrussel1 said:
    mickeyrat said:
    Not sure where to put this so here goes.

    Intel was just pulled from the Dow Industrial average and replaced w Nvidia.  Intel was the big chip maker here in the US and now out w the old and in w the new.

    This is interesting to me as Intel is getting an 8 billion dollar grant to build new chip making facilities here which are already underway.

    Why on earth is everyone giving up on Intel?  I get they are the old guard and couldn't stay on top but man, they should be able to get something going...



    chips were spun off this year. ohio project and others still on pace.....

    So that is a good article.  The Dow kicked them out.  Thats not good.  Their stocks are only going to go down further now. Doesnt mak a lot of sense...
    To be listed on the Dow, you're supposed to be a flagship of an industry.  In this case, Intel has consistently under-performed against others in the semi-conductor market.  Nvidia now represents the sector for purposes of evaluating the US market using price-weighted index, which the Dow is.  

    This is my understanding of why the committee chooses to select and de-select companies.  
    I am well aware and u are correct.  The article Mick posted seems like they were on top of the world when they are truly not so I was surprised he posted it.  Seems like the writers were misinformed no?
    Oh sorry. I didn’t read the article. I thought you were asking why they were pulled. 
  • The JugglerThe Juggler Posts: 48,903
    Bond market approaching 4.5% again. I just read an article talking about possibility of mortgage rates hitting 8%....

    Hopefully this fucking guy just doesn't do everything he said he was gonna do. lol. 
    www.myspace.com
  • tempo_n_groovetempo_n_groove Posts: 40,350
    Intel is now rising... Go figure.
  • mrussel1mrussel1 Posts: 29,666
    Buy the rumor, sell the news.  Fed cuts by a quarter.  My guess is a little pullback.  The financial stocks are already in "profit-taking" mode.  I'm heavily in on financial as that's my business and we gravitate to what we know.  I had the best day ever yesterday, and if I was a short-term guy, would have sold.  My second largest single equity is JPM and it went from like 221 to 247 yesterday.  That's crazy.  

    If you're looking for an ETF, highly recommend XLF.  It's the SPDR focused on banks.  
  • Halifax2TheMaxHalifax2TheMax Posts: 39,010
    Fuck these people.

    The world’s 10 richest people got a record $64 billion richer from Trump’s reelection

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  • mickeyratmickeyrat Posts: 38,547
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • The JugglerThe Juggler Posts: 48,903
    Bond market pricing in a return to higher inflation with Trump's policies...

    https://www.mortgagenewsdaily.com/markets/mbs-morning-11122024

    Two Ways to Look At This Morning's Sell-Off

    2 Hours, 37 Min ago

    In the run up to the election, we offered constant reminders that a 10bp move in Treasuries wasn't really a big deal, and that such volatility could be expected well into November.  That's the first way to view the overnight weakness.  In fact, it's almost perfectly central to the prevailing trend, and the previous 3 trading sessions look like the more volatile reaction. 

    Consider that there was a good amount of short covering (bond sellers becoming buyers to close their positions and book profits) after the election, and likely a push to get through it by Friday. That would leave today as a "back to business" day. 

    The other way to view this morning's selling is as an organic response to Trump cabinet appointees and the increased likelihood of GOP control of the House.  We maintain that such a thin margin of control is not quite as big of a deal as 10+ seat margin, but it's worth a bit of bond weakness nonetheless. 

    There are a few headlines circulating regarding European traders pricing in US inflation expectations and political outcomes.  That coincides with the most notable uptick in volume and volatility overnight.

    20241112 openpng

    In the bigger picture, yields are right in line with a linear regression (yellow line) going back to October 22nd (the day after the big mystery selling-spree that could only be tied to election speculation).  It's also fairly central to the prevailing trend channel since the October jobs report (white lines).


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  • mickeyratmickeyrat Posts: 38,547
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • DE4173DE4173 Posts: 748


    🤣
    1993: 11/22 Little Rock
    1996; 9/28 New York
    1997: 11/14 Oakland, 11/15 Oakland
    1998: 7/5 Dallas, 7/7 Albuquerque, 7/8 Phoenix, 7/10 San Diego, 7/11 Las Vegas
    2000: 10/17 Dallas
    2003: 4/3 OKC
    2012: 11/17 Tulsa(EV), 11/18 Tulsa(EV)
    2013: 11/16 OKC
    2014: 10/8 Tulsa
    2022: 9/20 OKC
    2023: 9/13 Ft Worth, 9/15 Ft Worth
  • mrussel1mrussel1 Posts: 29,666
    DE4173 said:


    🤣
    The premise is false. You only need to file taxes if income from that 1099 is greater than $599. It’s only been that way for about 30 years. 


  • DE4173DE4173 Posts: 748
    Thanks for sharing your knowledge and the facts.

    His account is a parody one.
    1993: 11/22 Little Rock
    1996; 9/28 New York
    1997: 11/14 Oakland, 11/15 Oakland
    1998: 7/5 Dallas, 7/7 Albuquerque, 7/8 Phoenix, 7/10 San Diego, 7/11 Las Vegas
    2000: 10/17 Dallas
    2003: 4/3 OKC
    2012: 11/17 Tulsa(EV), 11/18 Tulsa(EV)
    2013: 11/16 OKC
    2014: 10/8 Tulsa
    2022: 9/20 OKC
    2023: 9/13 Ft Worth, 9/15 Ft Worth
  • mrussel1mrussel1 Posts: 29,666
    DE4173 said:
    Thanks for sharing your knowledge and the facts.

    His account is a parody one.
    I don’t know how one is supposed to tell. Ignorance is both rampant and celebrated. 
  • mickeyratmickeyrat Posts: 38,547
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
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