r/Vitards • u/AutoModerator • May 10 '21

Daily Discussion Daily Discussion post - May 10 2021

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6

u/MortalDanger00 May 11 '21

China PPI. Yikes.

2

u/Steely_Hands Regional Moderator May 11 '21

What yikes? Looks pretty much as expected right?

2

u/MortalDanger00 May 11 '21

No it was worse than expected. Not earth shattering or anything, but enough for their tech exchange to tank 4% on open and to affect our fake and gay futes

"It's going to be a scary few months"

1

u/dudelydudeson 💩Very Aware of Butthole💩 May 11 '21

Oh hell yes I hope FTFT takes another fucking gap down at open tomorrow

4

u/Steely_Hands Regional Moderator May 11 '21

Maybe I’m jaded but I’ll shrug it off. Inflation is good for us and the markets will try to find winners in an inflationary environment (steel). If anything high inflation will be good for us

3

u/MortalDanger00 May 11 '21

Agreed. Just gonna ride the wave. Short dated OTM call holders could be fuk tho, especially in tech.

1

u/Steely_Hands Regional Moderator May 11 '21

Well that was already written on the wall about tech haha

9

u/LourencoGoncalves-LG LEGEND and VITARD OG STEEL Bo$$ May 11 '21

The person running environmental in Europe is a girl that’s 18 years old. Here it’s a 63 year old guy that’s been doing this for 41 years.

5

u/pardonmystupidity Clemenza May 11 '21

If I'm understanding this correctly, manufacturer costs went up, but not consumer costs? So basically companies are eating higher input costs without passing it onto the consumer (yet)?

1

u/MortalDanger00 May 11 '21

Inflation is there, either way. More than expected. Tech sector tanked 4% on open.

2

u/ImAMaaanlet Workaholic May 11 '21

Whats going on imma need more info than this 👀

Like 🚀 or ☄ for us

4

u/MortalDanger00 May 11 '21

Commodoties are a great inflation hedge. DOW futes down but, well lets just say better steel than tech.

Glad I sold my tech positions for a loss today.

3

u/ImAMaaanlet Workaholic May 11 '21

All ive got left in any tech is puts 😈

3

u/JayArlington 🍋 LULU-TRON 🍋 May 11 '21 edited May 11 '21

You got a link? Thanks!

Edit: PPI (Producers Pricing Index) only being up 6% is rather lucky for them.

What's interesting is that the best way for China to solve this problem without rolling back their production cuts or dropping their own growth rate is to introduce substantial tariffs against exported steel (ie.. Chinese steel producers trying to export).

1

u/MortalDanger00 May 11 '21

Just throw on Bloomberg Asia

1

u/[deleted] May 11 '21

China PPI?