Podcast EP 55 The Boogie Man is Back, and he is PISSED! (Sep 22)

Podcast Available onSpotify | Apple Podcast | Amazon MusicFollow on Substack NotesReferral Program for existing Subscribers* When you use the “Refer a friend” link below or the “Share” button on any post, you’ll get credit for any new subscribers. Here is the link you can copy and paste into any email, text or social media platform:“https://nyugrad.substack.com?r=1ec55c”* Once I launch a paywall, your referral credits earned will be retroactive immediatelyShow NotesSummary of the week* VIX up 30%* Russell 2000 down 3.8%* Nasdaq Composite down 3.6%* Nasdaq 100 down 3.3%* S&P 500 down 2.9%* Dow down 1.9%Summary of the day* Magnificent 7 are all under their 50 day moving averages * UAW says it is prepared to strike for ‘months’ in leaked messages * They tried to rally mid day but that bounce failed miserably and closed near lowsBreadth* 69 new highs* 573 new lows* 41% advancing 54% declining* 79% below 50 day maStuck outYields were down a little on Friday, and yet risk was sold. Not a very good sign$ITB is relatively overprices in context of Housing starts. the two have been in lock step since 2006. There is a massive divergence and this will resolve one way or another. StrongCRUDE OIL$EXTRWeakAFRM -5%COIN -4.65%AI -4.44%TSLA -4.23%DKNG -3.3%ROKU -3.29%FRPT -3.17%What to watchWatch mag 7 Watch yields Economic datahttps://www.marketwatch.com/economy-politics/calendar Chart GalleryThanks for reading NYUGrad Stocks and Finance! Subscribe for free to receive new posts and support my work. <br/><br/>This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit nyugrad.substack.com