The stock market

I think it will be a low key day to absorb this great rebound and then Monday...NEW ENERGY AND SUCKERS! LOL

So Donny my man I say down a wee bit i pick "A"
 
GDP rose by 2.6% in 3Q22 after two straight quarters of negative prints. Recession watch is still on however.

MarKET looks HIGHER!!
net trade contributed to 2.77% of this number, or 108% of the bottom line!


According to the BEA, the upturn in the third quarter, compared to the second quarter, primarily reflected a smaller decrease in private inventory investment, an upturn in government spending, and an acceleration in nonresidential fixed investment that were partly offset by a larger decrease in residential fixed investment and a deceleration in consumer spending. Imports turned down.

But, again, it was all about trade...

Net exports contributed 2.77ppt to GDP growth, or more than 100% of the total, as the trade deficit receded in the third quarter.
— Neil Irwin (@Neil_Irwin) October 27, 2022
... as the following breakdown shows:

  • Personal Consumption: 0.97% of the bottom line number, down from 1.38% and the lowest since 2019.
  • Fixed Investment subtracted -0.89% from the GDP, in line with last month's -0.92% as corporations continue to retrench ahead of the recession
  • The change in private inventories shrank for the 3rd quarter, this time shrinking GDP by -0.70%
  • On the positive side net exports rose by 2.77% courtesy of a 1.63% increase in exports and a decline in imports which contributed another 1.14% to the GDP print. As noted above, this alone was enough to explain the entire gain in Q3 GDP, and is a function of US support of the European war economy as the US exports record amount of commodities (oil and gas) as well as weapons to Europe.
  • Finally, government consumption - which was and remains an oxymoron - added 0.42% to the bottom line GDP.
 
UPDATED MON, OCT 31 20227:47 AM EDT
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Stock futures slide on Monday with the Dow on track for best month since 1976!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!​

 
FED DAY!!! Another interest rate increase and probably more to come.

Don't fight the fed when they go down...and don't fight them when they go up!!

TRANSLATION>> The stock market will head back down...S+P could easily got to around 2500 making a near 50% drop in the market

GOOD NEWS...You can make 3-4% on a savings account
BAD NEWS....Credit card and mortgage interest rates going up

INFLATION...CC RATES UP....MORTGAGE RATES UP...MARKET GOING DOWN

DESTINATION FUKKED!!! CAPITOL ONE IS 3% ON SAVINGS NOW AND WILL INCREASE AFTER TODAYS FED TALK....NOT BAD

Rough times ahead and in this environment things could get Dangerous.
 

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