Inflation

[moXJO]

What did you get in at? I'm getting full on fomo/thinking about a rebuy now. Fomo usually means it's time to sell but we're also at the absolute peak of the euro summer right now so the weather is only going to get colder and colder and colder from here on out.

I'm on about 2.85
Generally I hate these etfs due to the decay.
I heard something about a 20-1 reverse split or something?

As for gas I'm hearing the big traders are starting to go long. But that's from a dubious source.

 

[over9k]

 

[waterbottle]

View attachment 158421

Not sure what they're fretting about. It's clear that they're still worried about inflation, even if headline CPI is heading down.

 

[Smurf1976]

As for gas I'm hearing the big traders are starting to go long.

Gas where?

North America?

EU / UK?

Spot market LNG?

Reason I'm asking is there's multiple different gas markets in practice and price can vary hugely between them simply due to the logistical constraints. Someone could plausibly get the direction of prices right in, say, the EU but stuff up the trade implementation if they don't realise that North America is a separate market. etc.

Caution is needed about the detail when it comes to gas. Specifically the location.

 

[waterbottle]

UK inflation at 8.7% v. 8.4% expected. That's despite crude being at pre Ukraine prices.... sticky icky?

 

[over9k]

Yep, and it's driven by an increase in core too.

So yeah, it's about as bad as it gets.

 

[moXJO]

Gas where?

North America?

EU / UK?

Spot market LNG?

Reason I'm asking is there's multiple different gas markets in practice and price can vary hugely between them simply due to the logistical constraints. Someone could plausibly get the direction of prices right in, say, the EU but stuff up the trade implementation if they don't realise that North America is a separate market. etc.

Caution is needed about the detail when it comes to gas. Specifically the location.

North america.

I was stopped out of the trade.
I probably should stop stirring general chat and pay attention.

 

[over9k]

North america.

I was stopped out of the trade.
I probably should stop stirring general chat and pay attention.

I'm likely rebuying a bit tonight

 

[moXJO]

I'm likely rebuying a bit tonight

Yeah I think there's a bigger hit here.

 

[moXJO]

Any newbs should know that BOIL decays over time. It's more of a trading punt rather than a buy and forget.

 

[over9k]

Any newbs should know that BOIL decays over time. It's more of a trading punt rather than a buy and forget.

Anything leveraged is. All leveraged plays have fees and downside biases built in to them. They're a trading instrument, not a buy & hold.

They even state as such in their PDS's if you look (just to make it 1000% clear so they don't get sued).

 

[moXJO]

Anything leveraged is. All leveraged plays have fees and downside biases built in to them. They're a trading instrument, not a buy & hold.

They even state as such in their PDS's if you look (just to make it 1000% clear so they don't get sued).

I remember people getting caught buying whatever they saw on stock forums before without checking.

 

[over9k]

I remember people getting caught buying whatever they saw on stock forums before without checking.

 

[moXJO]

I want all degen history delivered in sea shanty form.

 

[waterbottle]

BoE surprises with a 50bps hike v. 25bps expected, now at 5%.

And the same with Norway - 50bps hike v. 25bps expected....

This doesn't look like the end of tightening

 

[farmerge]

BoE surprises with a 50bps hike v. 25bps expected, now at 5%.

And the same with Norway - 50bps hike v. 25bps expected....

This doesn't look like the end of tightening

Hang on tight. The ride may get more bumpy yet.

 

[over9k]

View attachment 158237

"Here in europe we're about 6 months behind the U.S"

Aka "we started hiking 6 months too late".

They just need to throw a couple of 50's at it and get it over with. The yanks even gave us a 100 pointer at one point and the world didn't end so I'm sure europe can give it more than a pair of 25's.

I know europe's in a much more precarious position than the U.S but I'm still getting an overwhelming feeling of underaction from them nonetheless.

BoE surprises with a 50bps hike v. 25bps expected, now at 5%.

And the same with Norway - 50bps hike v. 25bps expected....

This doesn't look like the end of tightening

Called it.

 

[waterbottle]

German manufacturing PMI heading even lower, now at 40. Pretty reliable indicator for recession...

 

[qldfrog]

Any newbs should know that BOIL decays over time. It's more of a trading punt rather than a buy and forget.

Is not boil one of the "tools" which is taxed on sale for us , foreigners , under the new us tax laws.
I thought I saw this mentioned

 

[Telamelo]

Australians’ personal debt surpasses $70bn as inflation forces people onto credit cards and loans​

https://www.news.com.au/finance/money/costs/australians-personal-debt-surpasses-70bn-as-inflation-forces-people-onto-credit-cards-and-loans/news-story/614d0de044ec05b14b6d56acff5e25b8