trading is entertainment

market vibes

August 28…) 

$0.65 cents per share on revenue of $28.86 billion… Revenue estimate $31.85 billion. (Don’t worry Jimmy. It’s not real ketchup.”)

In the news 

Nvida watch parties are becoming a bizarre imitation of Super Bowl bacchanalia. According to GS via BBG, options pricing suggests a potential 9% move in Nvidia in either direction based on the company’s $3.17 trillion market cap. Scott Rubner says, “[the bar for Nvidia] this earnings season is a lot lower than it has been in recent quarters,” due to fundamental selling in the tech sector. Nvidia holds the record for the biggest one-day market value swing at $330 billion, which occurred in late July. Before you know the kids are going to want to cut school to watch tech earnings in Mag 7 jerseys.

Reporting on items of lesser import, The Daily Shot posted a slew of ghastly charts on employment and jobs this morning, among them this gem below indicating inflation expectations for shelter on Main Street. “Whatever,” say I…. The poor know they are poor. Let them ogle the wealth of trillionaire democracy after the close today and dream of rate cuts.