movetheboat
Well-Known Angler
oooops...down 16 today.....good thing you gave them away as a wedding gift....or did you?? hmmmmyeah - noticed that last night - seems to haver recovered prior to the open
The stock market
- Thread starter movetheboat
- Start date
movetheboat
Well-Known Angler
we will at least test those LOWSSSSSSSSSS
longcast
Well-Known Angler
Powell bracing Americans for job loss as inflation fight continues: Atlanta Fed president
Federal Reserve Bank of Atlanta President Raphael Bostic says his colleagues "don't know how much" job loss or economic impact could result from a hot inflation pace.
www.foxbusiness.com
Following Federal Reserve Chair Jerome Powell’s hawkish message at the annual Jackson Hole symposium, Atlanta’s Fed Bank President Raphael Bostic expanded on the economic "pain" Americans should brace for.
"I think the chair was trying to prepare people for the possibility that as the economy slows down, we might have some job loss and we might have some slow down in business, but we don't know exactly how much there will be," Bostic told FOX Business’ Edward Lawrence in an interview on "Varney & Co." Friday.
"I don't think it's in our interest to have people be surprised if that comes to pass."
NO SURPRISE!
movetheboat
Well-Known Angler
People have no clue lol
We have to take our medicine for the SINS of the past
We have to take our medicine for the SINS of the past
movetheboat
Well-Known Angler
where is the market going Monday you ask?
longcast
Well-Known Angler
Exactly!!! Good call!
longcast
Well-Known Angler
Powell?
longcast
Well-Known Angler
Lots of unnecessary PAIN!
wader
Well-Known Angler
don't know about that - something needed to be done - what doesn't kill you makes you stronger sorta thing..................
wader
Well-Known Angler
trying to blunt inflation
movetheboat
Well-Known Angler
August is about to come to a close, which means that the summer is almost over in the Northern Hemisphere. (Have fun in the sun, Australia!) If that's not enough to bum you out, then this might: September, which begins on Thursday, is historically the worst month of the year for the stock market.
The Dow and S&P 500 fell sharply in September last year and in 2020, even though the broader market rallied in both years. That doesn't mean stocks are doomed to finish this September in the red, of course. Stocks rallied in each of the three Septembers prior to the pandemic.
But here's another potentially ominous sign: This is a midterm election year. The Dow has fallen in 11 out of the last 18 pre-midterm Septembers going back to 1950, according to data from The Stock Trader's Almanac.
So don't count on past performance to dictate future results. At the end of the day, investors should focus on fundamentals instead of dates on the calendar. Earnings, the economy and Federal Reserve interest rate policy will matter far more to stock performance than what month it is.
Still, there's reason to be nervous.
The Fed's next meeting about rate hikes is on September 21. Several key economic reports are on tap that will give investors more clues about the health of the job market and whether inflation pressures are abating. Congress will be back in session just after Labor Day as well.
The Dow and S&P 500 fell sharply in September last year and in 2020, even though the broader market rallied in both years. That doesn't mean stocks are doomed to finish this September in the red, of course. Stocks rallied in each of the three Septembers prior to the pandemic.
But here's another potentially ominous sign: This is a midterm election year. The Dow has fallen in 11 out of the last 18 pre-midterm Septembers going back to 1950, according to data from The Stock Trader's Almanac.
So don't count on past performance to dictate future results. At the end of the day, investors should focus on fundamentals instead of dates on the calendar. Earnings, the economy and Federal Reserve interest rate policy will matter far more to stock performance than what month it is.
Still, there's reason to be nervous.
The Fed's next meeting about rate hikes is on September 21. Several key economic reports are on tap that will give investors more clues about the health of the job market and whether inflation pressures are abating. Congress will be back in session just after Labor Day as well.
longcast
Well-Known Angler
movetheboat
Well-Known Angler
The era of ever-rising prices may be over.
Hopes that inflation has begun to moderate gained steam after the Labor Department reported that the consumer price index (CPI) was relatively unchanged in July compared to June.
“This is a good number,” said Rusty Vanneman, chief investment strategist at Orion Advisor Solutions. “If this is truly the peak in inflation, this could officially signal an economic tide shift that both consumers and investors can appreciate.”
Still, the positive report doesn’t mean everything has suddenly become cheap. The CPI rose 8.5% in July compared to the prior year. While that’s an improvement from last month, it’s still very high.
The main reason for prices leveling off: energy. The gas price index fell by 7.7% in the month, which helped to overcome increases in the costs of food and housing.
In a twist, the news was worse for so-called core CPI, which strips out volatile food and energy prices, where prices gained by 0.3% in the month, and are 5.9% higher than last year.
The inflation report comes after the Federal Reserve raised interest rates to a range of 2.25%–2.5%, a dramatic increase in a short period. While this report won’t stop the Fed from increasing rates further, it may give the nation’s central bank hope that they’re making progress.
“The deceleration in the consumer price index for July is likely a big relief for the Federal Reserve, especially since the Fed insisted that inflation was transitory, which was incorrect,” said Nancy Davis, founder of Quadratic Capital Management.
Hopes that inflation has begun to moderate gained steam after the Labor Department reported that the consumer price index (CPI) was relatively unchanged in July compared to June.
“This is a good number,” said Rusty Vanneman, chief investment strategist at Orion Advisor Solutions. “If this is truly the peak in inflation, this could officially signal an economic tide shift that both consumers and investors can appreciate.”
Still, the positive report doesn’t mean everything has suddenly become cheap. The CPI rose 8.5% in July compared to the prior year. While that’s an improvement from last month, it’s still very high.
The main reason for prices leveling off: energy. The gas price index fell by 7.7% in the month, which helped to overcome increases in the costs of food and housing.
In a twist, the news was worse for so-called core CPI, which strips out volatile food and energy prices, where prices gained by 0.3% in the month, and are 5.9% higher than last year.
The inflation report comes after the Federal Reserve raised interest rates to a range of 2.25%–2.5%, a dramatic increase in a short period. While this report won’t stop the Fed from increasing rates further, it may give the nation’s central bank hope that they’re making progress.
“The deceleration in the consumer price index for July is likely a big relief for the Federal Reserve, especially since the Fed insisted that inflation was transitory, which was incorrect,” said Nancy Davis, founder of Quadratic Capital Management.
wader
Well-Known Angler
with this being the leading article on Yahoo Finance - tomorrow should just be a wonderful day for the Market....
finance.yahoo.com
This story was originally published on Tker.com.
You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power.
Consider this anecdote about Walmart evolving customer mix (via CNBC):
According to The Bank of America Institute, spending among households earning more than $125,000 has declined over the last three consecutive months.
BofA notes that the deterioration in spending for higher-income households was more pronounced in discretionary categories (emphasis added):
Inflation: Higher income Americans are pulling back on spending
You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power.
Inflation: Higher income Americans are pulling back on spending
This story was originally published on Tker.com.
You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power.
Consider this anecdote about Walmart evolving customer mix (via CNBC):
This is not an anomaly.
According to The Bank of America Institute, spending among households earning more than $125,000 has declined over the last three consecutive months.
BofA notes that the deterioration in spending for higher-income households was more pronounced in discretionary categories (emphasis added):
movetheboat
Well-Known Angler
God forbid
movetheboat
Well-Known Angler
futures are already down another 1% as predicted
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