– Markets react to comments by Federal Reserve chairman Jerome Powell
– In response to a question on Twitter, I discuss the recent short interest numbers in more detail
Links:
Email > tesladailypodcast@gmail.com
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Executive producer Jerome Jorden
Executive producer Rob Gill
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock
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Raymond Luong
29 Nov 2018Hey, it’s noteworthy that the volume on Tesla today was very low (4M vs 10M daily average). I interpret this as majority of buyers shovelling money into things that are mostly oversold in the past 2 months. Usually low volume moves are very ephemeral and less meaningful from my observations. I see 5% climbs/drops on low volume days that are quickly reversed. As long as the economy doesn’t implode, that’s bullish for Tesla imo. Relative performance will be much stronger in the long term.