Posted on 11/10/2022 7:43:14 AM PST by SaxxonWoods
The yield on the 10-year Treasury is on track for its biggest daily decline since 2009
U.S. stocks traded sharply higher on Thursday with the Dow up more than 850 points, as investors cheered a softer-than-expected reading on the October consumer-price index.
Meanwhile, Treasury yields and the dollar retreated on expectations that the Fed might opt for a smaller interest-rate hike in December, with the yield on the 10-year note on track for its biggest daily drop since 2009.
(Excerpt) Read more at morningstar.com ...
Gold and silver up too.
Happy Days are here again!!!
"Correlation does not imply causation."
Yee Haw! I’ve gotta get to the store and buy a dozen eggs!
Bullshit !
Tell it to our budgets for groceries, gas, utilities, etc, etc . . .
I know, I know. The wet dream of total economic/financial collapse must live on.
The way my portfolio has been beaten up this year, I’ll take it.
Damn media getting ahead of things, OF COURSE.
I love it when any hint of good news makes people so angry.
The economic storm hitting us is not about price inflation caused by supply shock.
Instead, it's about monetary deflation (US dollars) on a global scale.
The hopium in the US will last a short while before it meets up with reality.
Watch China, then Europe, to see the true picture of what's taking place.
How you gonna finance that?
Not total collapse - but there is a very bad multi-year recession coming our way.
Ignore it if you desire.
The stock market is just a casino game and gambling addicts gamble as long as they have a stake.
The desperate hope for pain and hardship is hard to kill off, but better times are coming, I know it’s terrible news.
On signs of increased inflation? Sounds like a sucker rally [and not in gold and silver]
How much had diesel gone up since the end of October?
The supply chain is about to take a huge dump again.
And the layoffs are coming still.
This is a short squeeze. I doubt it lasts long.
Gold and Silver are up because the Governments will start talking about “stimulation” once the layoffs come.
The world isn’t ending, but watching and trading “tick by tick” is simply going to give you ulcers.
Multiply the national debt ($33T) by the average of the Treasury rates (approx 4.2%.) Its $1.3T per year in debt service. That’s insane.
“The average P/E for the S&P 500 has historically ranged from 13 to 15.”
“The current S&P500 10-year P/E Ratio is 27.4”
This is about the Bond Market and the slowing of inflation growth. Stocks are simply reacting to that.
My meaning was the stock market goes up, the stock market goes down. Were the markets reacting to "improving" inflation news? Who knows. Maybe they were reacting to the realization that the GOP is going to end up controlling both chambers. Maybe they were reacting to the gravitational effects of the waning blood moon phase. Maybe none of us can accurately predict anything when it comes to something like the stock market.
It's all informed guesses.
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