-what we are doing is working, but inflation is still at elevates levels
So basically the same as always and the market is completely shocked! It's like the market sets itself up every time for JPow to land on an aircraft carrier with a big "Mission Accomplished" banner. I'm still calling for sub 100 TSLA brought down my macros.
Jpow as no credibility. From the transitory inflation fable, to now jaw boning the mkt at very opportunityMy working theory is Jpow purposefully creates negative sentiment every time he speaks, as he really wants to decimate the market and economy to the point where the Fed needs to make a sudden emergency U-turn in order to "save" it all.
If you notice, whenever he says something and the market reacts positively, he immediately says something sharply negative to axe it before it takes hold. I think its an accident whenever he says something and the market thinks its a positive.
He says he'd like a soft landing but in my opinion his actions speak otherwise.
Either way, we are along for the ride for now, and we'll see in an hour how he feels this morning.
No discussion on the outlook for the US economy or interest rate policy in his prepared remarks. So a bit of a nothing burger for the market so far and TSLA seems to be recovering. Now we need to break the resistance at $123 before we can push on towards $138-140.Jpow's speech was released early before he actually spoke, judging by the market movement in the past few minutes Wall Street seems to like it?
Speech by Chair Powell on central bank independence
I will address three main points. First, the Federal Reserve's monetary policy independence is an important and broadly supported institutional arrangement thawww.federalreserve.gov
Saw the same happen tp Apple on its first run to $700, then lost half its value with fear
IDRA supply globally but that does not change the fact that a new product that is co-developed with an external partner would be available on the free market immediately. It would be bad business practice to have this being the case. I would imagine the 9000T press would make it as generally available product in time. I would agree that the use barriers for this product are substantial and unlikely to have generated a non-TESLA order in this time scale.
maybe list the "China issues" with facts ? that would be contributing versus parroting narrative fallacies
The CT prototype was 5 lost foam castings joined together per Sandy Munro's analysis.
I ordered at launch and I believe it was the same then. Most discussion since then more or less agrees that the truck pricing was subject to change, but perhaps FSD pricing was locked in.
It's "cheaper" for him to sound Hawkish and talk the markets down than it is for him to actually do something with policy. Even if they are preparing to slow or even pivot, they will keep talking like this to keep everyone from getting too excited.My working theory is Jpow purposefully creates negative sentiment every time he speaks, as he really wants to decimate the market and economy to the point where the Fed needs to make a sudden emergency U-turn in order to "save" it all.
Yes, and I further speculate that this casting was produced on a 8,000 ton Gigapress that was already installed at Giga Texas by the time this picture was published on Dec 19, 2022:
Exactly this. The last thing the fed wants before inflation hits their targets is for everyone to celebrate by buying loads more assets.
Just 6 months ago the discussion was wrapped around whether or not the White House thought we needed a new definition for a recession. That should have been a good indicator to sell some shares in hindsight.
