7bps, futes(futures), RedBox and unemployment are trending on Reddit today
Jun. 17, 2022 05:33 pm ET


75 bps is seeing a increased chatter. Comments below:



Premier_Legacy - 42 upvotes
Bulls have to be retarded right ? ![img](emote|t5_2th52|6880) middle of the largest crash in decades, on a Friday before a 3 day weekend after a 75 basis point hike on quad witch day. Like you have to be fucking kidding me. Mouth breathers, see the door

-C20H24O3 - 26 upvotes
How many times are they gonna say “the biggest rate hike since 1994” every time they mention the 75 basis point increase? #WE KNOW

LongJohnBitcoin - 17 upvotes
The amount of people still talking about ‘limit up’ or ‘bounce incoming’ or similar is just mindblowing to me. We’re in for pretty much continuous dumping for the coming days if not weeks. Any mini rally will get sold off. There is nothing that suggests we bottom here. The fed is restricting the economy while a lot of analysts are doubting it would even meaningfully impact inflation. Beyond that oil and supply chains are still fucked. Spy is barely below the 385 where it was a month ago when .75 was ‘not on the table’ and inflation was supposed to be slowing. TLDR your stocks and calls are fucked and if you buy either you’re setting yourself up to get royally fucked as well

meatstick94 - 12 upvotes
if you’ve lost money, just remember someone is holding GME calls while the fed is hiking rates by .75

DangerousRide7 - 7 upvotes
Mark your calendars for Jul. That's when Q2 earnings will reflect the mess that has been building up the past 6 months. Especially Jul 13 27 28. 13th is CPI and we know how that's going to go. It'd be hilarious if Fed hikes 75 bps on 27th and then GDP prints another negative number on the 28th. Shocked Pikachu faces everywhere.
 

Futes is another popular topic. Here's what they're saying:



azdweller - 18 upvotes
Those are some nice green futes you got there bulls, would be a shame if they ever faded into open… ![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)![img](emote|t5_2th52|4271)

tacobellman19 - 12 upvotes
futes taking an amber heard

etrulzz - 9 upvotes
Almost -4% yesterday, +1% futes today, bulls celebrating lol

bearhunter429 - 9 upvotes
Another night futes faded from +1% to flat.

oouncolaoo - 9 upvotes
Unless futes are up +1% or down -1% just shut the fuck up. Weak signals don’t mean shit.

cenaluc - 8 upvotes
Futes mooning = green day ahead ![img](emote|t5_2th52|4258)

pakkaa_ - 8 upvotes
Futes r different this time, 100% organic, non GMO , gluten free Futes

EvaUnit343 - 8 upvotes
FUTES. DO. NOT. MATTER.

KilltheK03 - 8 upvotes
Lot of bulls gonna have insomnia tonight from yesterday's futes



Redbox is another popular topic. Here's what they're saying:



Marginalimprovent - 10 upvotes
Redbox is a a stupid stock and it’s still going up

jloy88 - 9 upvotes
Feel like not enough anger and attention is being made to what the brokerages did to cripple that Redbox squeeze. They took away the buy and crippled the option chain the day before expiry. After printing their money as they collected premiums for the past month off of it. Someone got caught with their pants down, dick out, selling naked unhedged options that far exceeded the float and they once again get to change the rules mid fight once it became a problem this week.

fomoandyoloandnogrow - 7 upvotes
Lmao options exchanges have closed Redbox options to closing positions only. GG they just got Vlad the Impaler treatment

Secure-Internet-6695 - 7 upvotes
Selling my Redbox options on eBay

ColdBostonPerson77 - 6 upvotes
I find it funny they stopped all Redbox options.

WallStreetlegend_1 - 5 upvotes
I just saw some crazy homeless guy talking to a Redbox machine like it’s a full on human![img](emote|t5_2th52|4271)

Any-Zookeepergame221 - 5 upvotes
Stop trying to delay the inevitable… Turn off the buy button on all stocks like you did for Redbox options!!!

CocaineFarmer1 - 5 upvotes
They won’t let you trade options on [Redbox entertainment](https://imgur.com/a/DcVkRiS)

TrophyWifeAspiration - 4 upvotes
3D systems, ARK invest, Redbox

CONSPIRATORIAL_IDIOT - 2 upvotes
Redbox
 

Unemployment is another popular topic. Here's what they're saying:



WaifuHunterPlus - 534 upvotes
Big brain move: Unemployment numbers go down when people starve to death.

jetforcegemini - 77 upvotes
Big shout out to Grand Moff Tarkin for bringing unemployment to 0% on Alderaan

FatEarther147 - 60 upvotes
This will just be a recession with low unemployment.

ImFedUpWithItAll - 35 upvotes
You see that's the trap. With the job market being hot people believe they'll have no trouble getting another job, so they start extending themselves in debt. In the meantime the fed is actively trying to increase unemployment to tame inflation. Combine the two and people will find themselves unemployed just as they've taken on more debt. Sweet

Future_of_Amerika - 21 upvotes
Yeah they're trying to push wages back down and raise unemployment as well.

Oracle619 - 19 upvotes
This is the correct take. The Fed has TONS of room to raise prime rates when compared to the early 1980’s. This will ultimately lead to a recession, unemployment, and a massive correction in multiple markets but it should curb inflation and hopefully force a correction to the housing market too. Buy puts, hold cash, and buy the dip in discounted stocks next until 2024 imo.

lemenick - 19 upvotes
Everytime weve had unemployment below 4% and inflation above 4%, we’ve had a recession.

jojoyahoo - 18 upvotes
Not that it makes it sound much better, but it's more like "Unemployment is low enough that we think some of you can take one for the team".

darthij - 15 upvotes
"if it's not hurting it's not working" The only way to stop inflation is to cause unemployment, stop wages/costs spiralling. That's what interest rate rises do. 2008 was a different crisis with different causes.

-C20H24O3 - 13 upvotes
I want interest rates sooooooooo fucking jacked to the tits, that every lazy POS entitled person who hasn’t worked during the last 2 years bc they could get more on unemployment or living off savings is begging for a job to suck dicks at Wendy’s.