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 ...
Hope that things work out well for you in the coming year.
Hope that things work out well for you in the coming year.
Then do tell us the intricacies.
A one-day move in stocks is not the story.
The Bond Market is the story and it’s much larger than the stock market and a good predicter of the future.
Inflation is like a giant ship, once it gets going, it’s hard to turn it away from its course. But once it starts to turn, it usually keeps turning, the momentum swing is hard to stop in either direction.
Think about how people felt when the Prime Rate was 14% in the mid-80’s. That was right before things started getting better for many years.
The fact that non-investors and perma-bears hate this is a very good sign.
Thanks, things are looking better all the time.
Inflation is 7.7% from a year ago. Wall Street predicted 7.9%, so I guess in their eyes that a good thing.
See #44.
We shall see if it gets “solved”.
Yes, see #44.
Going from 8.2 cpi to 7.7 is like going from 103 degree temperature to 102 degree temperature.
Post 44 is a gross generalization.
I thought you didn’t like generalizations?
Let's check back in with each other the end of March next year and see if you're still happy with direction. Deal?
Price inflation will keep dropping. It's not even the issue.
It's dropping because of growing global monetary deflation.
If the stock market goes up it is because there will be a Republican House and a good chance at a Republican Senate. Then energy independence will start again and the market can start climbing. That was the signal.
Bonds are still a sucker bet in this sucker-rich, 8%-inflation casino.
This is a joke. Nothing has changed. Large deficits, higher gasoline prices, higher food costs, strikes being considered, layoffs in the wings, spending out of control, people using credit cards and savings to meet expenses. If anyone thinks economy is on solid ground, suggest he or she see a shrink.
I am not sure I understand your point.
The Fed rates are not coming close to taming inflation. But, since wages are not keeping up with inflation, tax revenues won’t either.
And the import bump from last month was a one time “adjustment.”
As I wrote—the world isn’t ending. It’s just gonna suck for a while.
“Instead, it’s about monetary deflation (US dollars) on a global scale.”
Bravo! Tack that on to the end of the midterm and they can now re-adjust the only thing they actually have complete control of and you have a short timeout only. It’s just as easy to adjust after the election used for gaining votes as it is to exaggerate the predictions and then make them fit your scenario. People are seeing a light at the end of the tunnel with this. But the easiest way to determine that is ask yourself who’s shining it and how much power they have before the brown and then black out. (1929)
wy69
What went down?
😂 +1
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