The economy
- Thread starter Rastafarian
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This sh*t is getting old - the bleeding needs to stop.
www.cnbc.com
Dow tumbles almost 800 points and enters correction, S&P 500 posts fifth straight losing week: Live updates
Wall Street is coming off a losing session in which higher oil prices and spiking Treasury yields weighed on equities.
www.cnbc.com
This sh*t is getting old - the bleeding needs to stop.
Dow tumbles almost 800 points and enters correction, S&P 500 posts fifth straight losing week: Live updates
Wall Street is coming off a losing session in which higher oil prices and spiking Treasury yields weighed on equities.
And just a few months ago, Trump and his minions were arguing that we shouldn't even ask questions about Epstein because
THE DOW IS OVER $50,000 DOLLARS!!!!!!!
End of quarter rebalancing.
"So 6,475 strike behaves like kryptonite for the market; it can repel price from above and below,” Kizemchuk said. “The market wants to move away from 6,475 in either direction. Falling down to 6,475 from above increases the potential of sharp snap back rallies; breaking below 6,475 can trigger forced dealer selling, accelerating selloffs.”
A trap door could open up under the S&P 500 after this influential options trade expires on Tuesday: https://on.mktw.net/4lVIY4P
Current Q1 2026 Strategy Details
The fund reset its quarterly collar on March 31, 2026. The structure for the first quarter of 2026 was defined by the following strikes:
"So 6,475 strike behaves like kryptonite for the market; it can repel price from above and below,” Kizemchuk said. “The market wants to move away from 6,475 in either direction. Falling down to 6,475 from above increases the potential of sharp snap back rallies; breaking below 6,475 can trigger forced dealer selling, accelerating selloffs.”
A trap door could open up under the S&P 500 after this influential options trade expires on Tuesday: https://on.mktw.net/4lVIY4P
Current Q1 2026 Strategy Details
The fund reset its quarterly collar on March 31, 2026. The structure for the first quarter of 2026 was defined by the following strikes:
- Long Put (Support/Pivot): 6,475. This strike acts as a major support level or "magnet" for the market.
- Short Call (Upside Cap): 7,155. Gains for the fund are capped at this level for the quarter.
- Short Put (Tail Risk): 5,470. The fund sells this lower put to offset the cost of the 6,475 put, creating a "put spread" that limits protection if the index falls below this level.
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Home - World Uncertainty Index
World Sentiment Index (WSI): Global Index. GDP weighted average. January 2008 to February 2026 Note: The WSI quantifies the overall sentiment by considering the occurrence of positive and negative words in the Economist Intelligence Unit country reports. Each word in the text is assigned a...
worlduncertaintyindex.com
Yall should peruse what the nerds think.
Home - World Uncertainty Index
World Sentiment Index (WSI): Global Index. GDP weighted average. January 2008 to February 2026 Note: The WSI quantifies the overall sentiment by considering the occurrence of positive and negative words in the Economist Intelligence Unit country reports. Each word in the text is assigned a...
Yall should peruse what the nerds think.
Stuff like this is going to be a major issue no matter what party runs the nation.
Do you understand what Oracle just did..
they fired 30,000 people.. via 6 AM email.. while reporting a 95% increase in net income last quarter..
Oracle isn't a struggling company .. Oracle made MORE money than ever.. and still fired 30,000 people because they're spending $156 billion on AI data centres instead..
and Larry Ellison.. the guy who just fired 30,000 families.. is worth $200 billion.. the 3rd richest person on earth.. he owns an entire Hawaiian island.. Lanai.. 98% of it.. bought it for $300 million like it was a vacation home..
this is the same playbook every single time..
IBM fired 7,800 and replaced them with AI in 2023.. Amazon cut 27,000 the same year while reporting record revenue.. Atlassian cut thousands while profits climbed.. Google laid off 12,000 while sitting on $100 billion in cash..
they told you to learn to code.. you learned to code.. they told you to upskill.. you upskilled.. and then they replaced you with the thing you helped build and sent the termination letter before you woke up..
the company made record profits and decided the reward for that was firing the people who made it happen.
Do you understand what Oracle just did..they fired 30,000 people.. via 6 AM email.. while reporting a 95% increase in net income last quarter..
Oracle isn't a struggling company .. Oracle made MORE money than ever.. and still fired 30,000 people because they're spending $156 billion on AI data centres instead..
and Larry Ellison.. the guy who just fired 30,000 families.. is worth $200 billion.. the 3rd richest person on earth.. he owns an entire Hawaiian island.. Lanai.. 98% of it.. bought it for $300 million like it was a vacation home..
this is the same playbook every single time..
IBM fired 7,800 and replaced them with AI in 2023.. Amazon cut 27,000 the same year while reporting record revenue.. Atlassian cut thousands while profits climbed.. Google laid off 12,000 while sitting on $100 billion in cash..
they told you to learn to code.. you learned to code.. they told you to upskill.. you upskilled.. and then they replaced you with the thing you helped build and sent the termination letter before you woke up..
the company made record profits and decided the reward for that was firing the people who made it happen.
he couldn't tell that when we passed $35 trillion in debt?
Stuff like this is going to be a major issue no matter what party runs the nation.
they fired 30,000 people.. via 6 AM email.. while reporting a 95% increase in net income last quarter..
Oracle isn't a struggling company .. Oracle made MORE money than ever.. and still fired 30,000 people because they're spending $156 billion on AI data centres instead..
and Larry Ellison.. the guy who just fired 30,000 families.. is worth $200 billion.. the 3rd richest person on earth.. he owns an entire Hawaiian island.. Lanai.. 98% of it.. bought it for $300 million like it was a vacation home..
this is the same playbook every single time..
IBM fired 7,800 and replaced them with AI in 2023.. Amazon cut 27,000 the same year while reporting record revenue.. Atlassian cut thousands while profits climbed.. Google laid off 12,000 while sitting on $100 billion in cash..
they told you to learn to code.. you learned to code.. they told you to upskill.. you upskilled.. and then they replaced you with the thing you helped build and sent the termination letter before you woke up..
the company made record profits and decided the reward for that was firing the people who made it happen.
We can’t talk about this enough. We can argue political parties and job trends all we want. But it’s clear as day that AI will massively disrupt the labor market in a way that will completely reshape most sectors. I don’t have the answers, but planning for this shift needs to be a bipartisan effort as it’s a systemic threat to our economic structure.
I’m lost. What does a Jesus Loves You sign have to do with that dude not getting healthcare, housing or a job?
Healthcare and housing are things an individual should pay for unless they have a significant mental or physical handicap preventing them from working.
A job is obtained by being qualified and presenting yourself professionally and competently. It’s up to him if he wants to do that or attempt to force his personal life upon a professional business. I mean, if I’m interviewing at an investment bank, I’m not showing up in a Clemson hoodie even though I identify as a Clemson fan who enjoys wearing hoodies. I match their culture and wear a nice suit.
Stuff like this is going to be a major issue no matter what party runs the nation.
they fired 30,000 people.. via 6 AM email.. while reporting a 95% increase in net income last quarter..
Oracle isn't a struggling company .. Oracle made MORE money than ever.. and still fired 30,000 people because they're spending $156 billion on AI data centres instead..
and Larry Ellison.. the guy who just fired 30,000 families.. is worth $200 billion.. the 3rd richest person on earth.. he owns an entire Hawaiian island.. Lanai.. 98% of it.. bought it for $300 million like it was a vacation home..
this is the same playbook every single time..
IBM fired 7,800 and replaced them with AI in 2023.. Amazon cut 27,000 the same year while reporting record revenue.. Atlassian cut thousands while profits climbed.. Google laid off 12,000 while sitting on $100 billion in cash..
they told you to learn to code.. you learned to code.. they told you to upskill.. you upskilled.. and then they replaced you with the thing you helped build and sent the termination letter before you woke up..
the company made record profits and decided the reward for that was firing the people who made it happen.
Larry Ellison, trump's close friend and confidant. Didnt he just relocate to the mar a lago neighborhood?
Yup. And you will hate this but the majority of solutions are around UBI. I think the govt will have to tax compute like it does gas/diesel. Then those funds get allocated to a UBI program that provides basic necessities for people.
But you are going to have a lot of pissed off people who were making $500k+ who suddenly find themselves unable to land a job anywhere.
You’re right, I don’t like it. But if they do it, it should not be financed from personal income taxes and EVERYONE should receive an equal amount. Fair and all.
they said the same thing about the introduction of the personal computer...we used to have secretaries who took shorthand, we recorded into Dictaphone's and secretaries typed from those recordings.....I went from having two secretaries to one overnight....Believe it or not, we actually had to get off our butts and walk to pass information to one of our colleagues..no email, texts etc.
AI will disrupt the job market. We've been through this before, not that this time won't be different.
Tautalogical but the "U" stands for universal. So by definition...
UBI, as a concept, has been supported, or at least been discussed, by quite a few, including Elon Musk.
There have been some pilot programs and from what I have read, some have been successful and others have flopped. I really don't know they "why's" of factors contributing to success or failure. One thing for sure, the money has to come from somewhere, and if UBI is on top of existing benefits then we'll have a problem, if in lieu, we'll have different problems.
It's worth investigating, though, IMO. If there's a better way of getting people out of poverty, we should try it...but with a sunset.
I would find it hard to believe that UBI would actually be universal. I can't see anyone defending giving Bezos, Zuckerberg etc a UBI check
I'll use my cherished bullets to organize my thoughts (which are no in order)
- I'm fine giving literally everyone a check. Let's say we give everyone $10k a year. It makes no difference at all to Musk but a lot to others. Plus:
- Universal programs tend to garner more support and are more stable
- A means testing infrastructure may cost more money than it saves and it's another administrative burden
- I'm in a weird spot with UBI I think both:
- We will one day absolutely need it
- It's not needed today
- Huge swaths of the population can't get jobs while a handful become obscenely wealthy (plenty of sci-fi's deal with that as well but we tend to call them dystopias)
- We have UBI to ensure basic needs are met
- Money as a concept ceases to exist (post-scarcity luxury space communism)
all good thoughts. AI has some information on where UBI trials have been conducted - both US and internationally - and results seem to have been positive. Of course, the big question always comes back to where the money comes from
I think people need to have an open mind when discussing. I'm not sure this is a one size fits all concept.
Like I said, I don't think we're at a place where UBI really makes sense. There's enough jobs that there being a "need" to work makes sense to me. I'm down with testing out the concepts though (Alaska's oil refund thing sometimes gets described as a UBI but that's always seemed sort of weird to me).
Sovereign wealth funds are pretty cool but I think the United States may be too big to actually have one without causing major market disruptions.
Sure. But it could be interpreted different ways.
1. Everyone (universal) is handed an income level that covers basic needs, regardless of income.
Or
2. Everyone is entitled to a basic income level and those who do not earn X amount on their own will be given that basic income level.
Obviously #1 makes more sense, is more fair and doesn’t create the disincentives that #2 does.
I've only ever seen it be #1. It's really neither here nor there because we're nowhere close to seriously exploring something like UBI.
JP Morgan options whale was able to maximize their $$$ from the options collar by holding the spx put at the 6475 strike on Tuesday, the end of the quarter.
The deranged moron Cheeto has managed to pour gas on the global chaos he has promoted and killed many innocent people, including children.
NettyYahoo apparently played this ADHD malignant narcissist into an irrational decision to deflect attention from Epstein and the utter mess he has created on a global scale without regard for anyone else.
He
made a mess, but he was successful in temporarily changing the headline news while ,,..Mission accomplished
This is going to be different. AI in its current form is what the personal computer was, a tool that can maximize production from a person, but we are already getting into the agentic part, where AI agents are being created to do the work that humans used to do. They work 24/7. Don't ask for vacation. Don't ask for a break. Dont ask for a raise. And they don't complain.
A few years ago, one of my family members dropped out of college, and became a bartender and an aspiring chef. I gave him a real hard time about it then, but the last time I saw him, I said he probably has it right. Chefs are one job that AI won't replace, but a lot of the jobs he would have gotten out of college are going to be easily replaced.
Not a brag and just an observation with the disclaimer that anyone who jumps into futures trading in today’s markets has a gambling problem
That being said, Trumps actions have accentuated the value in understanding how time pivots through the globex markets effects the supply and demand balance.
With patience, the risk reward has been unparaalled since maybe the 2008 mess
That being said, Trumps actions have accentuated the value in understanding how time pivots through the globex markets effects the supply and demand balance.
With patience, the risk reward has been unparaalled since maybe the 2008 mess
Quick! Someone inform JinxyPat of this ^^^^. He needs to replenish his stock of auto-erotic toys.
WTI futures finish up 11.4% on the day to $111.50
Market was down almost 2% in the early morning hours but fought back to finish the day unchanged. That is a very strong close for a market that had been selling off hard into the weekends. This was a 3 day, religious holiday weekend with lots of headline risk, so to me that is a very bullish signal for the market.
Market was down almost 2% in the early morning hours but fought back to finish the day unchanged. That is a very strong close for a market that had been selling off hard into the weekends. This was a 3 day, religious holiday weekend with lots of headline risk, so to me that is a very bullish signal for the market.