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Yeah, look, we saw the market rally and the vibs rally earlier this week. Just a terrible sign the 6 0 the vix the vix is the gauge, supposed to go in opposite direction. And spear downturns. That said, over bought as we are, its actually good. I went back to 1985 when you have periods where you are as overboard as we were, you tend to have 3 corrections and no more so lets have the 3 correction. Lets watch out for the stocks trading. David portnoy, the most important force i believe in the market by gunning the cruise ships and in gunning the airlines oil. At least his cohort was doing so watching the robin hood margin features again, this is wa we have to do. If we think the market is run by people who trade through Goldman Sachs were fools. The people active, the people trading retail, trading cruise, airline. Trading low price oils its fun for them and great. A lot use big margin calls that are coming, but the market became fun ....
Were close to setting a record for Second Quarter and they did that here are the important numbers people are focusing on this afternoon. Total deliveries at 95,200 the model 3 numbers, this was what everybody was focused on of all of these, 77,550 for some context here, wall street expected 74,100 so they blew past that number. Model s and x stronger than expected, coming in just over 17,000 theres good news regarding the backlog. In the release, tesla says orders generated during the quarter exceeded our deliveries, thus we are entering q3 with an increase in order backlog. Elon musk said for sometime theres not a demand problem now theyre saying there really isnt a demand problem we are seeing an increase in the number of orders that are out there. This is the chart that shows the increase in model 3 deliveries remember how it fell off in the First Quarter . Thats what spar ....
On a china trade deal any time soon parliamentary election we begin with the trade pause, the u. S. Is not ready to make a deal with china. We got big mergers this morning, automakers and fin tech deal for more than 21 billion. We enter this holiday week the dow in the midst of fiveweek losing streak. S p and nasdaq is down about three week s in a row for the first time this year, the first losing month of the year and the first losing may in seven years. We are in a moment where michael corvat said when he was on our show. The more chatter i hear verses what mr. Wonderful was say, we said everything seemed fine, the more i get worried that was a brutal week last week if it is in the mall, it is not good it was great, i think fabulous growth and the stock was down. We had foot locker it just got crushed. So i mean the market when it starts to see on how much supply it is coming we have zoom and beyond meat zoom is 19 billion and beyond meat is 5 billion someone recommended beyond meat. ....