“Unless the [jobs] report comes in lower than expected, Wall Street will likely start to fully price in at least one more Fed rate hike before the end of the year,” said Ed Moya, senior market analyst at OANDA.
I didn’t feel a thing!........................
Bidenomics! Greatest economy eva!
Down around 2,000 since Biden announced the benefits of his “Bidenomics”. The stock market tells the truth.
Have had my assets in 4-wk T-bills for some time.
Let's see if we can get another historically high yield on them like we did last May when it crossed 6%.
It will be 4 years of no real return under Biden. Inflation crushing purchasing power, money going to illegals and Ukraine, what's not to like.
Nothing bad has happened to the DOW in October before…
Bribemonics-a form of Bidenomics and subset of Obamanomics which is closely related to Keynesian Economic model is a Democratic and Intelligence agency generated Economic model that enriches the aforementioned. The concept of printing money endlessly and devaluating it (called the inflation reduction act) and simultaneously funding foreign wars, while punishing those working Americans while lavishly supporting criminals and illegals aliens. All the while taking huge amounts of some recycled taxpayer money as kickbacks, as well as outright bribe money from hostile foreign governments, not paying your fair share of taxes, while aggressively pursuing your political opponent for non-crimes and forwarding classified briefings to foreign entities for the ‘family brand’.)
Example 1: Grandma used her Social Security check of 650 dollars a month to buy dogfood, because the inflation reduction act worked so well. Meanwhile, people from central america, that illegally entered the United States got free housing, cell phones, lawyers, healthcare, and 2200 dollars a month. The Drug Cartels, Chinese drug manufactures, Child traffickers all saw return on their bribe investments to Democrats by putting arm bands on the migrants crossing the border for tracking purposes.
Example 2: The Unions believed that a UAW strike to increase wages, at the same time US motor companies are struggling with the ‘Green new deal’ now makes cars so unafforadable that the plants shut down and they went on welfare. Meanwhile the kickback money from the Unions to the Democratic politicians, via the Union Pension funds, was reimbursed via taxpayer money and government debt. This resulted in more job losses and damaged economy.
Bribemonmics: Coming to a unemployment line, stagnant market, and probably real estate crash near you.
Piping hot job market? What’s in that pipe? Is this IT jobs, oil and gas jobs to Mickey D’s?
It seems most prognosticators are in a near perpetual state of stunned disbelief, at least when not telling us how to live our lives.
https://fred.stlouisfed.org/series/M1SL
As long as this mountain of printed money remains in the economy the value of the dollar will be down. All the FED is doing now is trying to create the illusion of removing money from the economy. Perhaps they are trying to employ it somewhere else like interest payments? Maybe they have some new theory. They seem to play on that a lot. This mountain of money has created a new territory.
You can't hit the accelerator on anything this much and not expect a major change to something different than you had before. Just not possible. This money, printed out of thin air, does not go away. You can either increase productivity to back it or devalue the currency. We are not increasing productivity.
The only thing that can save you from loss is hard assets. Equities might eventually compensate but probably not fully for a very long time. Anyone holding bonds before rates went up is going to take a permanent beating which is why I absolutely hate bonds. You may sell old bonds and replace them with higher return new ones buy you will have less to invest than what you paid for the old bonds. That is a going out of business model.
The FED is creating something they can't manage quickly. Each step they take to raise rates creates inertia in the direction they are taking. They can't unwind this without creating a worse problem than they are trying to solve.
Test me on these things. Show me where I am wrong.
The problem with the government massaging numbers is reality always wins in the end. They can massage statistics, they cannot massage outcomes.
They spike because investors lose confidence in the stability of the U.S. dollar.