News for Regards Dec 29

Submitted by NSIsmartnews t3_zy6ccc in wallstreetbets

TLDR: Market Sentiment at the Open:

Low volume means more swings; likely upward swings

Bulls may like this

  • China’s earlier reopening could hit supply chains in the short term, but boost growth in 2023

Bear thesis

  • Russia Rules Out Peace Talks With Ukraine. On Thursday morning launched more than 100 missiles at Ukraine, hitting capital Kyiv and other cities
  • Asia-Pacific markets fall but European markets mixed

Stock Specific

  • Musk tells Tesla employees don’t be ‘bothered by stock market craziness. Cathie added more TSLA on Tuesday
  • Southwest may be close to resuming relatively normal operations.
  • Apple is reportedly concerned over the performance of iPhone 14 Plus
  • Google employees are concerned over a new employee evaluation system that could be used to cull the workforce.
  • The US House of Representatives banned TikTok on government-issued phones- Could help META which is struggling with VR headset sale reduction

Significant Events Calendar:

Time >>>>> Event >>>>>>> Interpreting the report (Oversimplified)

08:30 ET >>> Jobless Claims >>> Dont expect any impact today

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VisualMod t1_j23y28r wrote

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1

VisualMod t1_j23y2od wrote

>Jobless claims are a lagging indicator, so they don't have much impact on the market today.

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Cutlercares t1_j2494f2 wrote

Appreciate the summary. Not sure I agree with China removing lockdowns being bullish (short or lobg term). I would link China's new covid policy direction to Asian market's downturn for a glimpse into how that's going.

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Spare-Competition-91 t1_j24zajj wrote

img A whole lot of molasses. Just nothing moving any good direction to give any indication of which way we will go. Ugh.

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unpeelingpeelable t1_j25ge3n wrote

China's reopening, especially international travel, pretty much guarantees outbreaks of whatever they're coughing from rn, elsewhere in the world (read: especially places like UK who have blatantly stated they're not going to test how dirty incoming travellers are).

Probably a good time to load up soon on garbage like NVAX, which just tanked itself begging for more alms.

Personally, once the rumors of a new spike in Chinese crematorium use came out, I started wondering at the time efficiency of a vacuum furnaces vs a normal industrial cremation furnace...

0

ChemDude999 t1_j2892mb wrote

No one uses social media on a government issued cell phone 😂. I worked for the give for ten years and I wouldn't even pull up Facebook on my office computer. Idk seems like some weird flex on Congress's part, but I highly doubt it'll have any effect on performance tbh

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