I was up a bit most of the day but my two oils stocks, which had been up kind of big early, settled down. So ended up down yet again -- but a few $ instead of $20k plus.
Bought the Hussman Mutual Fund but will not see how that did today until tomorrow
Carmine you should look at your results and realize that you shouldn’t pick individual stocks. You’re going to lose a lot more money than you already have.
· Dow is now the only major index not in a bear market.· Bitcoin and Ethereum have a Black Monday.· Highest inflation in US history will be game changer for ...
I was up a bit most of the day but my two oils stocks, which had been up kind of big early, settled down. So ended up down yet again -- but a few $ instead of $20k plus.
Bought the Hussman Mutual Fund but will not see how that did today until tomorrow
Carmine you should look at your results and realize that you shouldn’t pick individual stocks. You’re going to lose a lot more money than you already have.
LONDON (Reuters) - El Salvador's bet on bitcoin was slashed on Tuesday by half as the more than $100 million in the country's publicly disclosed purchases dropped more than 50% in value. The 10 purchases announced by President Nayib Bukele via Twitter have a market value of just over $51 million, with the biggest single trade - 420 coins at more than $59,000 per coin - down almost 63%. Bukele has said on Twitter at least four times that El Salvador has bought a "dip", a term used by traders to mean they took advantage of a price dislocation that resets for a quick gain. One of the "dips" Bukele said El Salvador bought was 420 coins for more than $59,000 each in late October, a total of almost $25 million that is now worth $9.5 million. The government didn't respond to a request for comment on the value of its bitcoin portfolio.
hey Sally here's some video of a Republican on Jan 6 who bragged how he sharpened his flagpole in order to impale Pelosi and Schumer.
insurrection.
Surveillance footage shows a tour led by Loudermilk to areas in the House Office Buildings, as well as the entrances to Capitol tunnels.
Individuals on the tour photographed/recorded areas not typically of interest to tourists: hallways, staircases and security checkpoints. pic.twitter.com/Rjhf2BTdbc
— January 6th Committee (@January6thCmte) June 15, 2022
I think the takeaway from this is that the Fed and the Market generally agree now....after the market has been way ahead of the Fed. In terms of where the fed rate will end up next year.
Which is a positive...markets hate surprises.
But in the end...inflationary pressure from what the Fed can control is ending. Stocks down. GDP slowing. Housing most likely about to fall in price. interest rates have risen shockingly. Weird speculation like NFTs wiped out.
And supply chains are healing.
So the only major inflationary push left is energy. And the Fed can't control that one.
So seems to me that the Fed will fade as a factor from here, for a while. It's all about the price at the gas pump. Biden is working with refiners, he's going to Saudi Arabia to push them, just as their arch-enemy Iran gets their first nuke. Could be a setup for increased production.
growth stocks getting the push today so far...and beating value for the past month...starting to think this period of wild outperformance for value might be ending.
I think the takeaway from this is that the Fed and the Market generally agree now....after the market has been way ahead of the Fed. In terms of where the fed rate will end up next year.
Which is a positive...markets hate surprises.
But in the end...inflationary pressure from what the Fed can control is ending. Stocks down. GDP slowing. Housing most likely about to fall in price. interest rates have risen shockingly. Weird speculation like NFTs wiped out.
And supply chains are healing.
So the only major inflationary push left is energy. And the Fed can't control that one.
So seems to me that the Fed will fade as a factor from here, for a while. It's all about the price at the gas pump. Biden is working with refiners, he's going to Saudi Arabia to push them, just as their arch-enemy Iran gets their first nuke. Could be a setup for increased production.
growth stocks getting the push today so far...and beating value for the past month...starting to think this period of wild outperformance for value might be ending.
put better: the fed has to think it's done what it can do to slow inflation. It's done. Interest rates all along the curve have risen dramatically and historically. Everyone is terrified and prices have fallen among most assets. So Fed jawboning has worked very well. The Fed's credibility is safe. It doesn't have to do dramatic things anymore.
So now the fed can simply do what it said...raise 50 bps for 2-3 more meetings and then stop. Bonds already reflect that so rates may not go much higher, which should protect stocks.