Wouldn't be surprised if Wall Street is holding out hope that the war in the Middle East really blows up.
CPI shmeepeeye. Stock market aint care.
On fire, now $50Apls looking good again. Bought back 100 shares yesterday at $39.50.
Your average retail investor really doesn't know either.See, as you all can tell, I really, really don't understand this stuff. News overnight said the Asian markets went into meltdown and dropped something like 2%.
But as of now the US markets are up over a point.
See, as you all can tell, I really, really don't understand this stuff. News overnight said the Asian markets went into meltdown and dropped something like 2%.
But as of now the US markets are up over a point.
I feel the same way. While the events in the Middle East do have weight, they are not the only news. I have Sirius XM that I stream at work. I've had to switch from CNBC, Fox Business to Bloomberg Business when the long ME topic comes up. At least one will be covering other business news.Since the Israel situation is hogging about 85% of cable news content (down from about 95% though), whether there's actual content or not, I've had to switch to financial news. So you'll probably get me spouting off for . . . oh, I'm guessing at least a few weeks.
The big news today was the sharp increase in yields. Looks like the market is anticipating the fed.
And some people wonder how politicians can get so wealthy.....Biden Admin finally got around to increasing the curbs on AI to China.
nVidia is down 5% right now.
Yup. Very strange since rates are so high. But this is the first time we've ever had a "soft landing," so I guess it makes sense.I've complained about this before, but another unit in my complex sold recently for waaaaaaay too much. Looks like they are going to try to rent it out too, it's not someone intending to live there.
Why? Inflation is down to around 3%, the economy continues to grow, unemployment remains low, and workers, especially lower down the totem pole have power to finally demand better wages.Interest rates should be 10%
Because we need prices to go back to 2019 levels. And I want more interest paid on my money. 😀Why? Inflation is down to around 3%, the economy continues to grow, unemployment remains low, and workers, especially lower down the totem pole have power to finally demand better wages.
Do you want more people to be unemployed, so that people are more desperate and willing to work for less and put up with more crap?