It was all about Nvidia’s earnings, and how the market would react to them, and… well, it left a bit to be desired.
After initially spiking as high as $128 on blowout Q2 earnings, NVDA then dumped instantly as the market was disappointed with the company’s Q3 guidance, before staging a modest rebound into the Thursday premarket, only to see the gains then fade, and slide more than 6%, and wiping out $200 billion in market cap.
Still, the move was not as big as the option straddle suggested – market was pricing in a 10% swing – so both calls and puts saw their value tumble as vol repriced dramatically lower.
While NVDA failed to reverse losses, the same can not be said for the Nasdaq which after tumbling almost 1.5% overnight, scrambled to rebound and even turned briefly green at one point, before it too also reversed and stumbled lower, dragging spoos with it. In fact, the only index that did well today was the Russell, because now that earnings season is officially over, all focus turns back to the Fed and the looming rate cut in September which will benefit heavily debt-laden small caps more than all other companies. […]
— Read More: www.zerohedge.com
Controlling Protein Is One of the Globalists’ Primary Goals
Between the globalists, corporate interests, and our own government, the food supply is being targeted from multiple angles. It isn’t just silly regulations and misguided subsidies driving natural foods away. Bird flu, sabotaged food processing plants, mysterious deaths of entire cattle herds, arson attacks, and an incessant push to make climate change the primary consideration for all things are combining for a perfect storm to exacerbate the ongoing food crisis.
The primary target is protein. Specifically, they’re going after beef as the environmental boogeyman. They want us eating vegetable-based proteins, lab-grown meat, or even bugs instead of anything that walked the pastures of America. This is why we launched a long-term storage prepper beef company that provides high-quality food that’s shelf-stable for up to 25-years.
At Prepper All-Naturals, we believe Americans should be eating real food today and into the future regardless of what the powers-that-be demand of us. We will never use lab-grown beef. We will never allow our cattle to be injected with mRNA vaccines. We will never bow to the draconian diktats of the climate change cult.
Visit Prepper All-Naturals and use promo code “veterans25” to get 25% off plus free shipping on Ribeye, NY Strip, Tenderloin, and other high-quality cuts of beef. It’s cooked sous vide, then freeze dried and packaged with no other ingredients, just beef. Stock up for the long haul today.
