Amazing to see so many Democratic lawmakers write to House leadership asking that the misguided crypto tax provisions in the infrastructure bill be fixed. Wonderful leadership by @RepDarrenSoto here. We're going to get this done. https://t.co/Xj5VsRlyz8— Jerry Brito (@jerrybrito) November 16, 2021
DTK reset to Blue: (1) other indicators aside, DTK has returned to its deep blue zone, indicating a rather quiet and uneventful next phase for at least 1-2 weeks. (2) RSI & MACD are still calling for some negative reading later this week, to create the divergence at daily level.
US Retail Sales hit another all-time high while Consumer Sentiment is at its lowest level in 10 years.— Charlie Bilello (@charliebilello) November 16, 2021
Watch what they do, not what they say. pic.twitter.com/x2Md4zFAj0
Electric Vehicle startup Rivian shares jumped as much as 12%, more than doubling from IPO price last week and surpassing industry giant Volkswagen in market value. Rivian shares touched a high of $167.51; stock’s IPO price was $78. RIVN is now worth $143bn vs VW's $139bn. pic.twitter.com/Hvody0V7CY— Holger Zschaepitz (@Schuldensuehner) November 16, 2021
We now have simultaneous demand pull forward in housing, autos, durable goods, semis/technology and retail sales.— Mac10 (@SuburbanDrone) November 16, 2021
All compliments of history's largest fake wealth bubble.
The hangover will be BRUTAL. pic.twitter.com/MdmBVlUxn4
$UPST - $233.78, down $168 from the high last month, or 42%.— Chris Perruna (@cperruna) November 16, 2021
Will it head to the 200d ma, currently at $171.13 (36% above there now).
Fund sponsorship +29% vs last qtr., at 313.
I think this is a nice r/r at the 200d ma, if it bases near there. pic.twitter.com/LRxtc38RTF