The Fed giveth. The Fed taketh away.
Since Brandon entered the WH the S&P 500 is up 3.3%
Printing trillions of gibs muh dat bucks has diluted the dollar. And interest rates are going to have to go up at some point. The wolf is at the door.
This is like a mirror image bull market. My holdings are going down, of course, but buying puts on the indexes has yielded a rich harvest.
Yeah, and to think many people and retirees watched helplessly as their 401K, etc. got wrecked under ObamaIdiot and the housing bubble pop...
Imagine them same people now.
Not seen anything yet, stay tuned.
I usually follow the S&P 500 and when I looked at the charts this afternoon, it appears the next level for any support is about 3400. That would be another 500 point drop.
Bond market was up today and that implies folks are getting scared and are moving their money into bonds.
Bitcoin = $29,185
Ya know one wonders? How far will the American public let this clown and his merry bunch of marxists cause decline of this country until sane people say that’s enough! What will be the breaking point?
But stand with Ukraine!
and Brent crude back up to $107....happy days aren’t here again
Year over year CPI was up 8.3%
Little mentioned is the month over month numbers.
April food was up 1% over March food. If that trend continues, food will be 12% higher this time next year.
Our trade deficit is also ballooning. Basically, we are now exporting mostly dollars.
Volatility is what it is.
Keep your eye on inflation, if you are evaluating the stock market. Inflation adjusted market value is down during Biden’s presidency.
The real deal is the money the stocks send back to you. The market price numbers are just a record of how much people have spent. A stock is worth what you are going to get back, not what you sent in.
Watch the dividend rates, adjust for inflation and ignore the market price.
Somebody ought to explain the difference between ‘whipsaw’ and ‘nosedive’ effects to Ms Schmidt! Sad that she is quoted in this article since she obviously can’t tell the difference between a hole in the ground and her.,, Nevermind!
The IRS and USG is the only winner. If it takes two years to get back to those highs after 30 December the USG with tax your profits annually and little does your losses matter.
The market never should have gone up 40% when the over reaction to coronavirus hit. Just my simpleton view of the world. It made no sense then and makes no sense now. Markets are illogical.