Inflation is still strong - SHORT ETF'S and Energy have upside - Still buy Energy - Market update

Support the podcast - https://anchor.fm/dailystockpick/support

Social Links and more - https://linktr.ee/dailystockpick

Every reaction in the market is an over reaction - so listen to the podcast and watch the Youtube Live (link above) to see the charts and why I'm not overly concerned with the downturn but I do think this continues. 

$DUK energy sliding pretty hard. At yearly lows rn. Might be a good thing to bring up for tomorrow

$Eqnr for Alex on Instagram

Wall Street journal story that the administration is negotiating with the saudis and opec on buying enough oil to refill the strategic reserves and in return the pullback and price gain won’t go until December (after the elections)

$Ccj cameco buying Westinghouse ccj nuclear for $8billion …. Way down on news but may be a good rebound

$Vz - may be for a bounce

$Amt - back to covid lows - bounce

$Spy we aren’t over sold - he says sell spy

Jim Cramer says these 14 stocks are ‘about to pop’ - Here's why he's a hypocrite saying today's buys are dumb - he just said buy last night. 

https://www.cnbc.com/2022/10/12/jim-cramer-says-these-14-stocks-are-about-to-pop.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

$Dal - beat earnings with higher guidance -

Airlines are trades though

$Msft surface pro 9 will ditch the $INTC and $amd chips and will choose qcom chips …. $AAPL makes their own chips - because it’s operating system eco system is closed … most likely nobody is getting in this market … with pcs it’s game on

Futures shot up with news that British govt is about to do a uturn and reversing their tax cut plan because the pound has gotten too weak

Then inflation came out hotter than before (which the Biden admin had said) crashed the market …. Thr fed will be raising even more … this happened in 1982 … significant moves in the bond market ..

Higher inflation in rents and nothing in the report says they will slow down … expected fund rate goes to 4.83% in 2023 which is a huge move

Buy quality companies with good cash flow - leesman brought up a good point - $DAL releases earnings and no seats available … and they don’t have pilots to fly the planes … so demand has not been destroyed and ticket prices are going up so people will pay it … fed wants people to question if they should pay it

This is what will take the s&p to 3200 for that gap fill

Social security announced an 8% increase for 2023 … the highest ever and this is how govt runs out of money

Jim Cramer saying people buying stocks are dumb … let’s go to the video tape last week and check his club buying - he’s been saying things could bounce and even put out a list of bounce stocks last night … he rewrites his own history

ENERGY

$Cop

$Dvn

$Oxy

$Xom

$Cvx

$Fang

$PXD

$UPRO - bull

$SPXU - bear

$SPXL - bull

$TQQQ - bull
$SQQQ - bear

$SARK - bear

$Mara with crypto decline

$Bac under $30

I don’t think there’s support to buy things long now

SCANS

$TLRY