{"id":65675,"date":"2022-12-28T09:03:30","date_gmt":"2022-12-28T14:03:30","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=65675"},"modified":"2022-12-28T09:03:30","modified_gmt":"2022-12-28T14:03:30","slug":"coffee-with-greta-teslas-big-losing-streak","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/12\/28\/coffee-with-greta-teslas-big-losing-streak\/","title":{"rendered":"Coffee With Greta: Tesla\u2019s Big Losing Streak"},"content":{"rendered":"

DJIA Futures: <\/b>+35 (+0.1%)<\/span><\/p>\n

SPX Futures: <\/b>+1 (+0.03%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-6 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are flat as traders look ahead to the new year.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Tesla Headed For Worst Year Ever<\/span><\/h2>\n

Tesla <\/b>(TSLA) shares are falling 3.6% ahead of the open, extending the company\u2019s recent losing streak to 8 days.\u00a0<\/span><\/p>\n

The drop comes after TSLA plunged 11.4% on Tuesday and is down 44% so far in December.\u00a0<\/span><\/p>\n

The tumbling stock price has the automaker on track for its worst quarter and year on record.\u00a0<\/span><\/p>\n

The stock is down 69% in 2022 and has fallen 73% from its record high in November 2021.\u00a0<\/span><\/p>\n

Tesla has only had one other negative year since its IPO in 2010, an 11% drop in 2016.<\/span><\/p>\n

Southwest Still Canceling Flights<\/span><\/h2>\n

Southwest Airlines <\/b>(LUV) shares are down 1.5% in premarket trade as the airline continues to cancel flights.<\/span><\/p>\n

The company announced on Tuesday it only planned to fly about a third of its schedule \u201cfor the next several days\u201d in an attempt to reset its operations.\u00a0<\/span><\/p>\n

That means more flight cancellations today after Southwest canceled more than 2,500 on Tuesday.\u00a0<\/span><\/p>\n

In a message to employees this week, the CEO said, \u201cwe\u2019ve got to get out of this. We\u2019ve got to get to the point where we\u2019re reliable and we get our Customers, our Crews, our aircraft, everything on track.\u201d<\/span><\/p>\n

Treasury Yields Mixed As Investors Look To 2023<\/span><\/h2>\n

Treasury yields are\u00a0 mixed this morning as investors look ahead to 2023 and brace for a recession.\u00a0<\/span><\/p>\n

The 2-year yield is down 2 basis points to 4.35% with the 10-year yield up 8 basis points to 3.83%.\u00a0<\/span><\/p>\n

There\u2019s uncertainty about what the Fed will do in the face of a recession and continued inflation pressures next year.\u00a0<\/span><\/p>\n

The first Fed meeting is not until February 1.\u00a0<\/span><\/p>\n

CME Group\u2019s <\/span>FedWatch<\/span><\/a> Tool show 69.8% of traders expecting just a 25 basis point rate hike at that meeting with 30.2% anticipating another 50 basis point move.<\/span><\/p>\n

Pending Home Sales Expected To Fall<\/span><\/h2>\n

The National Association of Realtors reports November pending home sales at 10:00 a.m. ET.\u00a0<\/span><\/p>\n

That report is expected to show pending sales fell 1.8% following the 4.6% decline in October.\u00a0<\/span><\/p>\n

Pending sales represent purchase contracts signed during the month with those sales expected to close in 30 to 60 days.<\/span><\/p>\n

The metric is a leading indicator for existing home sales.\u00a0<\/span><\/p>\n

In Case You Missed It<\/span><\/h2>\n
    \n
  • U.S. home prices fell for the fourth straight month in October. The S&P Case-Shiller national home price index fell 0.3% monthly and rose 9.2% year over year. That was a decline from the 10.7% annual gain in September and down sharply from the record price gains seen earlier this year. The Federal Housing Finance Agency\u2019s home price index was flat on a monthly basis and up 9.8% year over year.\u00a0<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    DJIA Futures: +35 (+0.1%) SPX Futures: +1 (+0.03%) NASDAQ Futures: -6 (-0.1%) Good morning friends! Futures are flat as traders look ahead to the new year. Let\u2019s get right to it! Tesla Headed For Worst Year Ever Tesla (TSLA) shares are falling 3.6% ahead of the open, extending the company\u2019s recent losing streak to 8 days.\u00a0 The drop comes after TSLA plunged 11.4% on Tuesday and is down 44% so far in December.\u00a0 The tumbling stock price has the automaker on track for its worst quarter and year on record.\u00a0 The stock is down 69% in 2022 and has fallen 73% from its record high in November 2021.\u00a0 Tesla has only had one other negative year since its IPO in 2010, an 11% drop in 2016. Southwest Still Canceling Flights Southwest Airlines (LUV) shares are down 1.5% in premarket trade as the airline continues to cancel flights. The company announced on Tuesday it only planned to fly about a third of its schedule \u201cfor the next several days\u201d in an attempt to reset its operations.\u00a0 That means more flight cancellations today after Southwest canceled more than 2,500 on Tuesday.\u00a0 In a message to employees this week, the CEO said, \u201cwe\u2019ve got to get out of this. We\u2019ve got to get to the point where we\u2019re reliable and we get our Customers, our Crews, our aircraft, everything on track.\u201d Treasury Yields Mixed As Investors Look To 2023 Treasury yields are\u00a0 mixed this morning as investors look ahead to 2023 and brace for a recession.\u00a0 The 2-year yield is down 2 basis points to 4.35% with the 10-year yield up 8 basis points to 3.83%.\u00a0 There\u2019s uncertainty about what the Fed will do in the face of a recession and continued inflation pressures next year.\u00a0 The first Fed meeting is not until February 1.\u00a0 CME Group\u2019s FedWatch Tool show 69.8% of traders expecting just a 25 basis point rate hike at that meeting with 30.2% anticipating another 50 basis point move. Pending Home Sales Expected To Fall The National Association of Realtors reports November pending home sales at 10:00 a.m. ET.\u00a0 That report is expected to show pending sales fell 1.8% following the 4.6% decline in October.\u00a0 Pending sales represent purchase contracts signed during the month with those sales expected to close in 30 to 60 days. The metric is a leading indicator for existing home sales.\u00a0 In Case You Missed It U.S. home prices fell for the fourth straight month in October. The S&P Case-Shiller national home price index fell 0.3% monthly and rose 9.2% year over year. That was a decline from the 10.7% annual gain in September and down sharply from the record price gains seen earlier this year. The Federal Housing Finance Agency\u2019s home price index was flat on a monthly basis and up 9.8% year over year.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":65678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-65675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=65675"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65675\/revisions"}],"predecessor-version":[{"id":65680,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/65675\/revisions\/65680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/65678"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=65675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=65675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=65675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}