• Sun. Apr 14th, 2024

Short-lived Rally – Apple (NASDAQ:AAPL), Bed Bath & Beyond (NASDAQ:BBBY)

ByGRIT Capital

Sep 29, 2022
Short-lived Rally - Apple (NASDAQ:AAPL), Bed Bath & Beyond (NASDAQ:BBBY)

MARKET UPDATE

Global fixed income and equity markets rallied yesterday on UK intervention

Cracks in housing

Source: @M_McDonough

Source: RSM

Big jobs numbers

  • Initial jobless claims 193k vs 215k expected

  • Labor market remains strong, no signs of real weakness

Crude   $82

Source: LPL Reserach

Nord Stream update

Apple AAPL

Retail capitulation?

  • Retail sold net $2.9 billion past week

  • Second largest outflows since March 2020

  • Bulk of outflows from single stocks

Source: JPMorgan Retail Radar

Earnings


He has 1.8MM subscribers on YouTube and…

👉 his own place

👉 a good job

👉 doesn’t talk to ex

👉 a well-diversified portfolio of high-quality companies and not unprofitable tech stocks!

Watch my conversation with Meet Kevin on yesterday’s Bullpen!


CRYPTO UPDATE

Bitcoin has been outperforming over the past week

Source: Daily Shot

Potential regulations catalysts

“a massive opportunity for institutional inflows that will only occur if there’s a regulatory structure.”

  • Behnam supports legislation that would make CFTC overseer of crypto industry

  • If traded in CFTC-regulated market, said Bitcoin could “double in price”


MEME OF THE DAY



Image and article originally from www.benzinga.com. Read the original article here.