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 ...
Inflation a mere 7.7 percent! Yippeeee!!
As of 10:56 the DOW is only down 8.75 % this year and the NASDAQ down over 30% this year.
Hope for disaster dies hard. I’ve watched people go through this so many times. The recovery from the last big decline (2007 etc.) was really fun. This is just the very beginning, and there will still be ups and downs.
Should I have added the /sarc?
Right everything is wonderful now and you peasants are too stupid to see that. Be assured folks that the powerful the wealthy and elite will not be affected in the slightest by the policies they force on us.
CELEBRATING THE RETURN OF ADULTS (HOPEFULLY) TO CONGRESS.
And oh boy, look at that, gas prices are down to $2.00 a gallon! Grocery prices are all down as well!
The Inflation Reduction Act is finally working!
Yeah, I’m not buying the S+P500 yet either. But preferred stocks and T-Bonds sure are looking good now.
Non-investors look at today, the static model fallacy. Investors look 9 months to 2 years ahead. Real estate investors look 5-20 years ahead.
A 7% inflation rate more than offsets the fed rates.
Indeed they won’t be so happy in January to march crash.
It has to start somewhere, sorry it didn’t go up instead of down but you’ll just have to live with it.
We’re lucky this didn’t happen a couple of weeks ago, Democrats would have benefited.
The stock market is complete baloney.
I just payed $6.19 for off road diesel. They haven’t started cutting it yet because of the warm fall and my supplier says they are having trouble getting kerosene. Once they finally start cutting the fuel I expect prices above $7.50 and road fuel $8.00. That should help bring down this “transitory inflation”.
“Indeed they won’t be so happy in January to march crash.”
But you will so you’ve got that going for you.
We’re in the money (Mr. Hat)
We’re in the money (Mr. Hat)
The market is cheering democrats losing control of the house and probably senate.
“The stock market is complete baloney.”
Generalizations are complete baloney.
“The market is cheering democrats losing control of the house and probably senate.”
That too, yes.
Diesel is a huge problem right now and it affect many things as we all know. It’s also a created problem, not one that can’t be solved.
This is a nightmare timeline.
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