We will all die, the water gets wet and the fire burns

Another beautiful day of open doors in the US markets yesterday. And above all about the technology that is becoming completely it was, nobody wants it anymore because we just realized that we are much better with a return of 2.8% for the 35 year olds that “we have life left and our retirement will be so much best with risk-free returns and quality borrowers like the US government that we all know we can have full confidence in. After all, they’re not the good guys in Hollywood movies while Russians and Chinese are ALWAYS VERY mean and belligerent.

The audio of April 12, 2022


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Slowdown in global growth

We are not going to cut corners, let’s go straight to the point and I speak to you frankly: YESTERDAY WE UNDERSTAND THAT IF WE TAKE INTO ACCOUNT THE FACT THAT THERE IS WAR IN EUROPE, THAT CHINA IS CLOSED BECAUSE OF THE COVID THAT INFLATION IS LOOKING FOR US, THAT OIL IS EXPENSIVE, THAT WE HAVE NO MORE WHEAT, CORN AND CEREALS, BUT WE HAVE ENOUGH PQ, GLOBAL GROWTH CAN SLOW DOWN.

Yes, we have been intercepted for months with this crisis looming over us, this COVID that does not let us go, then now the war in Ukraine for a few weeks and there suddenly, yesterday between bread and cheese we wondered if we were not in a global crisis that could ruin everything and then we would have to hunt rats on the streets of Paris to feed ourselves. In addition, we told ourselves that perhaps the Fed was lagging behind on rates and that the rate hike in question came too late, not fast enough and not violent enough. Once you are done exposing the anguish over the Fed’s inability, the ECB falling asleep on inflation, the global slowdown, add a strictly unknown analyst downgrading NVIDIA and saying the tech is fucked up because in context of rising rates nobody wants it anymore and you have a shit day.

Indeed, April 11, 2022 was a shit day. There are no other words.

tack

Yes, because in our great leniency, yesterday we remembered that if rates went up, yields went up and that if all of that went up, it really made the technology and growth sector less attractive. 4 days ago, we were ready to sell our grandmother and this same grandmother’s cat to buy Twitter, because Twitter was so cool, since the God of business and the electric car had put his little savings into it. And then yesterday we realized that it was really better to buy US 10-year bonds at 2.82% for the next 10 years (that’s right) and retire earlier with the huge and generous yields the latter offered us versus the stock market. in general and the technology stock market in particular.

In short, to put it simply, the Nasdaq is returning to where it was before the mysterious rebound of March 14 and in addition there is already the SOX, the semiconductor index. Nobody wants the technology anymore and the best representation we could get was the massive downgrade done by an American analyst on NVIDIA. Nvidia which, I remind you, was the best company in the world with the best CEO in the world and the best strategy in the world ten days ago. Yet analyst Baird estimated that global growth would ruin everything, slow orders and send the world back to the stone age, that we would no longer make video games, artificial intelligence and smartphones were more in fashion. Suddenly, he told himself that moving his target from $ 360 to $ 225 made perfect sense. Especially on the spreadsheet side of him excel that McKinsey sold him for a gold price.

Nvidia was therefore eliminated by 5.7% more, adding to the 14% already lost in the previous 4 sessions. If we still have doubts that techno is crap and semiconductors are useless and it’s even worse, I think we’ve proven it.

And in the end, the Bears win

So let’s not waste any more time, yesterday was a big blue sky from the meteorological point of view, but it was raining and snowing heavily on the world stock markets and this morning it continues. Futures are down 0.4% pending CPI data release this afternoon as Asian markets are on lockdown. Japan finds itself mirroring the Nasdaq and dropping 1.8% as rates are rising, because the FED is going crazy and if the CPI deteriorates at any time, which is very likely, it will be worse. China and Hong Kong also drop by just one percent because the COVID that should no longer pass through them is ONLY THROUGH them, but not only. Because Fauci said that contaminations and hospitalizations were resuming in the States and that, when we see the numbers in France, we tell ourselves that as soon as the McKinsey clown is re-elected in two weeks, they will put on a layer of health pass, masks and imprisonment to make people understand to voters who have taken it back for 5 years and who must be made to pay for not having elected King Micron Premier in the first round.

As for commodities, gold is at $ 1960 and is once again becoming a safe haven in the same way as Swiss pharmaceuticals and insurance products. Oil is at $ 96.28, down $ 35 in the past 30 days (except at the pump) and Bitcoin, which is OFFICIALLY related to Nasdaq, is back just below $ 40,000 and now everyone knows it’s up to $ 30,000. . Also, what’s good about Bitcoin and the predictions that come with it; is that with every prediction that comes out, we are sure of one thing … is that it will NEVER come true.

Daily News

In today’s news there is talk of Ukraine asking for money from the international community to ensure the country’s survival. We are talking about Mélenchon who has the power to give her votes to Marine Le Pen or Macron. And who can make or break a king or queen in France. With any luck, the French will end up with a far-right president and a far-left prime minister, or a king with a queen who might be his mother and a flute-playing jester next to him. In essence, the future French government risks being one giant Muppet Show. Whatever is next to the current government, the Muppet Show is even more serious.

We also note that JP Morgan is thinking about the future of his management and that of Jamie Dimon. He gives us a good leg, but offers at least one article in the FT. And then there’s Honda, which just announced it’s investing 40 billion in electric cars to catch up. Well, speaking of electric cars, I’m testing a BMW I4 eDrive 40. It’s a monstrous thing. I’m not saying I’m going to buy an electric car, but if I were to, I wouldn’t buy a Tesla.

Numbers of the day

And then, like this afternoon, there is the CPI that will be released, the White House has obviously already sacrificed a lamb and has read its guts with coffee grounds and bones, since they have already announced that the figure for the following would be “extraordinarily high “- well, at the same time it is the government that publishes this figure, don’t make me believe that Grandpa Joe doesn’t know in advance …

Finally, the expected figure will be very high. We will then have confirmation that the Fed is late and that if it wants to have a chance to get out it will have to raise rates by 0.5% for the next three meetings. It remains to be seen what we, the visionary geniuses of finance, have already anticipated !!! Reply in a few hours!

Good day everyone and see you tomorrow in excellent shape !!!

Finally, we will try. See you tomorrow.

Thomas Vellet
Investir.ch

“In twenty years you will be more disappointed by the things you haven’t done than by what you have done. So, throw off the windward, sail away from a safe harbor, catch the trade winds in your sails. Explore dream discover. »-Mark Twain

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