DHUnplugged #598: Where Does It End?

Down and down she goes... Inflation hot, but the Fed is on tap - Rate decision Wednesday. Odd action in the VIX ETF - let's take a look. PLUS we are now on Spotify and Amazon Music/Podcasts!   Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up - Technical term - Crapfest - Nuclear Mentions freaking out people (and markets) - No end in sight for this war... - QQQ - NASDAQ 100 - Official 20% Correction - CORN, WHEAT, AGS, OIL - All start this week well off those highs - Big talks - China, Saudi Arabian, Venezuela, Brazil - Concern growing that China may help Russia - Another VIX dilemma Market Update - EVERY RALLY SOLD (But Setting up for another EPIC SHORT SQUEEZE - which may also be sold) - NASDAQ off 20%+ from highs. If history is a guide, may not be quite done yet - Oil off big! Everyone was talking energy... - Looking for a bottom - seems like a bad idea - Market Psychology getting pretty ugly (Fear Greed Index) - Supply Chain  - Worse than ever - DELL computer - June 24th (Optiplex) - Senate passes $1.5 trillion bill to keep Govy open and Ukraine - Raskin withdraws nomination to Federal Reserve board Starting off HOT - United Nations Secretary-General Antonio Guterres on Monday sounded the alarm over Russia raising the alert level for its nuclear forces after invading Ukraine, describing it as a "bone-chilling development." - "The prospect of nuclear conflict, once unthinkable, is now back within the realm of possibility," Guterres told reporters, and repeated his call for an immediate cessation of hostilities. VXX - WOW - Barclays stops the creation of shares due to some reason. - Shares can be traded but less liquidity and wonder why anyone would want to use this vehicle - LOTS of talk about PUT buying on the name on Monday -  VXX - HALTS up 20%, 30%, 40% throughout day - Market games in full play (no reason for this) Fed Day Tomorrow - What will Jay Powell Do? JCD QUIZ - How much is Facebook off its recent High in September 2021 - What about Zoom Media? - Bevy of names that are down really hard - keep a watch on basing patterns - could be good setups for L/T buys Fear Greed Index Fear/Greed Hint, Hint, Wink, Shove - Deutsche Bank has said it will wind down its Russia operations — a major U-turn that sent shares higher Monday. - In an announcement released late Friday, the German bank said it was joining a host of international peers in exiting the country in response to its invasion of Ukraine and resultant operational restrictions. - "Like some international peers and in line with our legal and regulatory obligations, we are in the process of winding down our remaining business in Russia while we help our non-Russian multinational clients in reducing their operations," the bank said in a statement announcing the departure. - Good boys  and girls - now we will buy your stock (Stock up 8% on news) If the War wasn't enough - China COVID count is up BIG - Hong Kong seeing record numbers of something - China shutting/locking down areas again --- This is a big problem for prices, supply chain ---- This is good for the transition to the selective isolationism - need to bring manufacturing back home - Shenzhen, the biggest city in the manufacturing hub of Guangdong province, told all businesses not involved with essential public services to suspend production or have employees work from home for a week starting Monday. Tesla/Musk - Chief Executive Officer Elon Musk said on Sunday the U.S. electric carmaker and his rocket company SpaceX are facing significant inflationary pressure in raw materials and logistics. More Inflation - Uber is adding a surcharge on fares and deliveries in the U.S.