SNAP CRACKLE POP PLUS

IвЂ™m still not sure how that environment is going to be constructive for equities though. The contradictory signals pouring into markets from all directions mean we can expect to see plenty of volatility across asset classes in the weeks ahead, even if we donвЂ™t get a thematic directional move. The FedвЂ™s quantitative tightening may yet see US 10-years and out heading well north of 3.0%, although the 5y-30y OIS Curve has been flirting with inversion for some time. Bond markets are running around like headless chickens, much like equities, as they try to price in much the same reasons as outlined above. Long-dated yields rose overnight, unwinding much of the falls from the day before. Likewise, US bond markets continued gyrating as well. The US DollarвЂ™s time will come again, and perhaps sooner than we think. Combined with the strong CNY fixing from the PBOC on Monday, the US Dollar is poised for a much deeper bull market correction.Д«ut, the Fed is just getting started on rate hikes, and will soon be selling $95 billion of bonds a month into the open market, something the Street seems to have forgotten or ignored. That saw the Euro rally by over 1.0% against the US Dollar, and it sparked a general risk sentiment rally through the G-10 and EM FX complex, sending the US Dollar lower across the board. The European financial system has been on QE-driven life support since the GFC anyway, so I suppose this does represent a shift of sorts. IвЂ™m not sure how raising the deposit rate from -0.50% to 0.00% represents an aggressive stance on controlling inflation, especially when you are still quantitatively easing at the same time. Ms Lagarde said the ECB policy rate would no longer be negative by September with rate hikes impending at the next meetings, all in the name of reigning in inflation. The ECBвЂ™s Christine Lagarde came out hawkishly swinging in a blog post overnight. It is not just stock marketвЂ™s of course that are chasing their tails.

But I am a mere pilot fish of the financial market, not an island in its ocean. The Fed, for example, hasnвЂ™t even started balance sheet reduction yet, least we all forget. It highlights how fleeting swings in sentiment are now, and also that investors are running at the first sign of trouble.ДЇrom my point of view, stagflation and food security keep me awake, with lower being the path of least resistance. ThatвЂ™s stopped all the вЂњworst is overвЂќ pundits in their tracks. After an extended run of down days, the brain-washed buy-the-dip FOMO gnomes were desperate for a reason to buy, and that was as good as any on a slow news day.Д«ut when the Snap story hit the wires, after-markets index futures were sold heavily, led by Nasdaq futures, which are down by 1.40% in Asia Tuesday morning. Stock markets had finally staged a broad rally overnight, after JP MorganвЂ™s Jamie Dimon said things werenвЂ™t as bad as everyone thought. By the way, Facebook is for old people in case you didnвЂ™t know. One of them has never heard of Bruce Springsteen heinous, but you canвЂ™t tell me that as she publishes across Snap, TikTok (the fav), or Instagram Stories, she is thinking about supply chain disruption. None of the factors mentioned above plays a part in their need to вЂњtell their story,вЂ™ making the memo complete nonsense.

SNAP CRACKLE POP PLUS

IвЂ™m reasonably confident that I can extrapolate the social media habits of my girls to their wider demographic, plus 5 years and minus 10 years, with 100% certainty.

I do know that my two millennials have the most inelastic of demand for selfies, other photos, and little stories. IвЂ™m not sure how any of that impacts a company that monetises self-destructing 24 hours selfies taken by вЂњthe kids,вЂќ but what would I know in my Boomer dotage? SnapвЂ™s stock price went snap, crackle, pop, as it fell by over 30% in extended trading after the CEO, in a note to employees, said it would miss quarterly guidance on growth and revenues.Д«lame was apportioned to the usual suspects, rising inflation and interest rates, supply chain shortages, and the impact of the Ukraine conflict amongst others. Snap, Crackle, Pop! may bring back memories of breakfast cereals, but for Snap Inc their quarterly guidance was more of a dogвЂ™s breakfast.

Snap crackle pop