The stock market

[Chinacat]

Hey LC-
You forgot to post what a great day the market had as it looks like the fed rate hikes may be over now

 

[longcast]

Actually I usually post in the morning regarding the prior day. The morning post would not have had any of today's happenings. I was actually just looking at personal accounts to see what the day's activity had done.

Here you go................

Stock market news today: Dow rises more than 500 points as investors bet on end to Fed hikes

Investors are betting the Fed is done with its rate-hiking campaign, taking heart from Chair Jerome Powell's comments.

finance.yahoo.com

 

[longcast]

"Hey LC-
You forgot to post what a great day the market had as it looks like the fed rate hikes may be over now "

Fed leaves door open to more rate hikes. Markets think it’s done.

The Fed didn't openly commit to its next move for interest rates, but that hasn't stopped the market from speculating the central bank is done hiking.

finance.yahoo.com

 

[longcast]

Hey LC-
You forgot to post what a great day the market had as it looks like the fed rate hikes may be over now

Did not realize you read each day. Leave some comments or thoughts.

 

[Chinacat]

Did not realize you read each day. Leave some comments or thoughts.

Well, not everyday but I just enjoy looking at your input and I am in no way qualified to have a real discussion about the stock market as I don't really understand much of it....
Honestly, I only monitor it to keep an eye on my 401K

 

[Roccus7]

Surprised it took so long, 4 hours, but I guess that's how long it took to read all the charges. I never warmed to crypto currency...

Sam Bankman-Fried Is Found Guilty of 7 Counts of Fraud and Conspiracy​

The case against the founder of the failed FTX exchange had come to symbolize the excesses of the volatile cryptocurrency industry.

Sam Bankman-Fried, the tousle-haired mogul who founded the FTX cryptocurrency exchange, was convicted on Thursday of seven charges of fraud and conspiracy after a monthlong trial that laid bare the rampant hubris and risk-taking across the crypto industry.

Mr. Bankman-Fried became a symbol of crypto’s excesses last year when FTX collapsed and he was charged with stealing as much as $10 billion from customers to finance political contributions, venture capital investments and other extravagant spending. A jury of nine women and three men took just over four hours of deliberation on Thursday to reach a verdict, convicting Mr. Bankman-Fried of wire fraud, conspiracy and money laundering.

Together the counts carry a maximum sentence of 110 years. Mr. Bankman-Fried, 31, is expected to appeal. He’s scheduled to be sentenced on March 28.

Before the verdict was announced, Mr. Bankman-Fried, wearing a gray suit and purple tie, stood to face the jury, with his hands clasped in front of him. He showed little visible emotion as a juror repeated the word “guilty” seven times. He then took his seat, with his head angled down.

 

[longcast]

Analysis: WeWork's troubles darken outlook for embattled office market

The troubles faced by co-working titan WeWork are darkening the outlook for the world's largest business hubs, where rising office vacancies are already heaping pressure on investors set to refinance big-ticket mortgages next year.

www.reuters.com

 

[longcast]

October jobs report: US economy adds 150,000 jobs in October, unemployment rises as auto strikes weigh

Strikes weighed on job growth in October, but Friday's jobs report pointed to a broader slowdown in the US labor market.

finance.yahoo.com

 

[longcast]

Stock market news today: Stocks jump as jobs growth cools more than expected

The October jobs report showed a bigger slowdown in hiring than forecast, reinforcing hopes for an end to Fed hiking.

finance.yahoo.com

 

[longcast]

Dimon: The excess savings amassed by low-income consumers are now gone

JPMorgan Chase CEO Jamie Dimon and execs with other big banks are seeing a divergence between the two ends of their customer bases.

finance.yahoo.com

The "free" money dried up and has now been spent.

 

[longcast]

Stock market news today: Stocks rise as jobs growth cools more than expected

The October jobs report showed a bigger slowdown in hiring than forecast, reinforcing hopes for an end to Fed hiking.

finance.yahoo.com

 

[longcast]

Well, not everyday but I just enjoy looking at your input and I am in no way qualified to have a real discussion about the stock market as I don't really understand much of it....
Honestly, I only monitor it to keep an eye on my 401K

So how did it look at the end of the week?

Any moves? Changes? Reallocation?

 

[Chinacat]

So how did it look at the end of the week?

Any moves? Changes? Reallocation?

Not bad after the close of the day yesterday
It made up alot of the past couple of weeks losses this week.
The website for the company that manages it for us is a day behind so I can't see it it in real time. I have to check it tomorrow once all the data for today is in....

 

[longcast]

Not bad after the close of the day yesterday
It made up alot of the past couple of weeks losses this week.
The website for company that manages it for us is a day behind so I can't see it it in real time. I have to check it tomorrow once all the date for today is in....

Hopefully you are pleased. I missed out on a presentation today, but they were discussing 7+ % in the municipal market. Interesting.

Not for qualified money, but could fit nicely in a non qualified portfolio.

 

[longcast]

Stock market news today: US futures tick up with Fed hopes still in play

Confidence that the Fed is done with rate hikes is still encouraging investors into stocks.

finance.yahoo.com

 

[longcast]

Tesla to build 25,000-euro car in Germany - source

BERLIN (Reuters) -Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Tesla declined to comment. The steep...

finance.yahoo.com

 

[longcast]

Morgan Stanley’s Wilson warns stock gains are bear market rally

(Bloomberg) -- The S&P 500 Index’s best week in a year was just a bear market rally, according to Morgan Stanley’s top-ranked strategist.Most Read from BloombergAmazon’s Jeff Bezos Announces Move to Miami From SeattleSam Bankman-Fried Convicted of Fraud in Stunning FTX CrashBiggest Cross-Asset...

finance.yahoo.com

“The drop in Treasury yields was more related to the lower than expected coupon issuance guidance and weaker economic data as opposed to the bullish interpretation (for equities) that the Fed is going to cut rates earlier next year,” said Wilson, who was named as the best portfolio strategist by the latest Institutional Investor survey.

 

[longcast]

Iowa bank failure tied to bad trucking loans

Trucking bloodbath expands to lenders as industry experiences one of the sharpest downturns in history. The post Iowa bank failure tied to bad trucking loans appeared first on FreightWaves.

finance.yahoo.com

 

[longcast]

Overstock’s CEO plans to win Bed Bath & Beyond customers back

Bed Bath & Beyond.com CEO Jonathan Johnson said the company invested $150M to launch the brand, reignite the customer profile and ensure it maintained its core customers as it begins trading on the NYSE.

www.foxbusiness.com

 

[longcast]

Warren Buffett sits tight on cash as Berskhire investments take a hit: reports

Berkshire Hathaway reported a bigger loss in Q3 2023 than in the same quarter of 2022, but Warren Buffett argued that investors should judge the company on its operating earnings.

www.foxbusiness.com

Analysts expected Berkshire to report operating earnings of $6,540.23 per Class A share, but instead the company achieved $7,437.15 per Class A share.

Geico cited higher premiums as a result of increased car prices, and a decrease in both collision claims and its advertising budget as factors driving its change in fortunes, which have helped boost Berkshire in turn.

The other insurance holdings under Berkshire also benefited from a "quiet" Atlantic hurricane season, which meant fewer losses to handle, according to The New York Times.