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What Am I Thinking? Block Inc-- Symbol XYZ -- The Labor Market, Benchmark 10-Year Treasury YIELD, and the Fed...Block Inc's CEO Jack Dorsey tells the WSJ this AM, "Intelligence tools have changed what it means to build and run a company." In a letter to shareholders, Dorsey "alluded to artificial intelligence tools as the reason for the cuts in a letter to shareholders." Apart from the fact that Block Inc's stock (XYZ) spiked more than 20% from 9-month lows near 48 to as high as 69.
🎶If there's a bustle in your hedgerow, don't be alarmed nowIt's just a spring clean for the May queenYes, there are two paths you can go by, but in the long runThere's still time to change the road you're on🎶What exactly is a "hedge" and do I need one?Consider the following:1) What is the most probable move and what is the greatest risk?2) If we get said probable move what will my portfolio(s) look like?3) How will 2☝️make me feel? Will I be emotional and have decisions impaired?4) What should I do the avoid negative #3s?Let's
Today we saw the market turn sharply lower and then find support into the afternoon session. We are still trading well under the HOD but have yet to break micro support to the upside, which still leaves a number of possible paths on the table as we head into the close. I will note that I think the Nasdaq is painting a slightly cleaner picture at the moment, but we will need to see how things follow through in the days ahead before we really have a better idea as to the market's intentions as we move into March.
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