The stock market

[Chinacat]

Stocks Fluctuate as Markets Brace for US Jobs Data: Markets Wrap

(Bloomberg) -- Stocks were subdued as investors prepared for another round of US jobs numbers to gauge if they will back new bets for more Federal Reserve interest rate hikes.Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With...

finance.yahoo.com

This whole thing confuses the piss out of me
Employment figures look good so that means everybody is doing well and has money to spend so thats a bad thing because it causes demand and inflation???

Thats the way Im interpreting it anyway?‍?‍

 

[longcast]

Anyone ever borrow from their 403b before the age of 59?

Just curious as a coworked said she did it. Took out money to buy a car and is paying back at 4% but shes basically paying herself principal and interest as the money goes back into her account. Reading conflicting information.........

I never did it but yes it can be done. Depends on the plan you are in. Some allow some do not. I speak most about a 401k. 403b are basically the same.

 

[longcast]

Tom Brady lost $30 million after FTX collapse: report

Tom Brady invested $30 million into the since-collapsed and now worthless cryptocurrency exchange FTX, according to a new report. His ex-wife lost $18 million.

www.foxbusiness.com

 

[longcast]

Stocks muted with inflation data in focus: Stock market news today

Stocks opened slightly lower Monday, kicking off a week where the focus will be on inflation, interest rates, and the start of the second-quarter earnings season.

finance.yahoo.com

 

[longcast]

Did Nvidia ruin earnings season for stock market bulls?: Morning Brief

Reminder: Not every S&P 500 company is a beast like Nvidia.

finance.yahoo.com

 

[longcast]

This whole thing confuses the piss out of me
Employment figures look good so that means everybody is doing well and has money to spend so thats a bad thing because it causes demand and inflation???

Thats the way Im interpreting it anyway?‍?‍

Blah blah blah - Here you go..........................

Federal debt explodes by $1 trillion in five weeks since deal suspending limit became law

The US national debt has jumped $1 trillion in the five weeks since President Biden signed a bill into law that suspends the debt ceiling and allows unlimited borrowing.

www.foxnews.com

The national debt has increased $4.7 trillion since Biden took office in January 2021, and is expected to keep rising in the face of annual budget shortfalls of at least $1 trillion per year. So far in fiscal year 2023, the government has spent $1.16 trillion more than it has collected and the Biden administration is predicting a $1.5 trillion budget deficit when the fiscal year ends in September.

 

[wader]

Whatever happened to that big recession we were supposed to have?

The same experts who used to swear that a 2023-24 recession was inevitable are no longer so sure. In fact, some now think the U.S. economy may have dodged a downturn entirely.

www.yahoo.com

 

[longcast]

Whatever happened to that big recession we were supposed to have?

The same experts who used to swear that a 2023-24 recession was inevitable are no longer so sure. In fact, some now think the U.S. economy may have dodged a downturn entirely.

www.yahoo.com

See above.

The national debt has increased $4.7 trillion since Biden took office in January 2021, and is expected to keep rising in the face of annual budget shortfalls of at least $1 trillion per year. So far in fiscal year 2023, the government has spent $1.16 trillion more than it has collected and the Biden administration is predicting a $1.5 trillion budget deficit when the fiscal year ends in September.

Too much money still being injected!!

 

[longcast]

Stock futures edge up in wait for inflation data: Stock market news today

Stock futures rose Tuesday in the countdown to inflation reports that could give the Federal Reserve cause to consider ending its interest-rate hikes more quickly.

finance.yahoo.com

 

[longcast]

One thought.

Baby boomers might tank the stock market - and the Fed can't escape a recession forever, a finance guru warns

Index funds may take a hit from the elderly yanking their cash, and the US economy is cyclical so a downturn is inevitable, Larry McDonald says.

finance.yahoo.com

 

[longcast]

Fed closing in on end of rate hiking cycle, central bank officials say

(Reuters) -The Federal Reserve will likely need to raise interest rates further to bring down inflation that is still too high, but the end to its current monetary policy tightening cycle is getting close, several U.S. central bank officials said on Monday. The Fed has raised interest rates by...

finance.yahoo.com

 

[longcast]

Microsoft announces more job cuts after January layoffs

Microsoft is laying off more workers, including more than 270 in Washington state. This comes after the tech giant announced 10,000 layoffs globally in January.

www.foxbusiness.com

 

[wader]

Inflation: Consumer prices in June rose at slowest annual rate since March 2021

Consumer prices rose at the slowest pace since March 2021 as inflation showed further signs of cooling in June, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.

finance.yahoo.com

Futures up this morning across the board..................

 

[Matts]

Blah blah blah - Here you go..........................

Federal debt explodes by $1 trillion in five weeks since deal suspending limit became law

The US national debt has jumped $1 trillion in the five weeks since President Biden signed a bill into law that suspends the debt ceiling and allows unlimited borrowing.

www.foxnews.com

The national debt has increased $4.7 trillion since Biden took office in January 2021, and is expected to keep rising in the face of annual budget shortfalls of at least $1 trillion per year. So far in fiscal year 2023, the government has spent $1.16 trillion more than it has collected and the Biden administration is predicting a $1.5 trillion budget deficit when the fiscal year ends in September.

If we could only undue that permanent tax cut the former administration gave to corporations and the wealthy, without any cuts to spending, but no politics...
The economy is not the stock market. In fact, recently, news of a strong economy has hurt the market on a scare that the fed would raise rates.

 

[longcast]

Dow futures pop amid upbeat Wall Street results: Stock market news today

Dow futures jumped on Friday as upbeat results from JPMorgan and Wells Fargo lifted those big banks' stocks, while the other major gauges traded little changed.

finance.yahoo.com

 

[longcast]

JPMorgan 2Q profits surge in show of strength for banking giant

The result kicked off an earnings season where banks of all sizes will be trying to show that they recovered from one of the most challenging periods since the 2008 financial crisis.

finance.yahoo.com

 

[longcast]

Citigroup profit drops 36% as trading slump casts cloud over earnings

Wall Street traders have hit a rough patch, joining investment bankers whose businesses have been weighed down for months by a slump in dealmaking. Citi's markets revenue fell 13% to $4.6 billion on more subdued activity in fixed income and equities, while its investment banking fees plunged...

finance.yahoo.com

 

[longcast]

Stocks muted with China GDP miss, earnings in focus: Stock market news today

Stock futures struggled for momentum ahead of the bell Monday after more signs that China's economic recovery is still lagging, as investors got set for a busy week of earnings reports.

finance.yahoo.com

 

[longcast]

Here's the secret to investing success this earnings season: Morning Brief

Feel out a company's culture this earnings season. It could be a worthwhile exercise down the line.

finance.yahoo.com

 

[longcast]

Tesla, Netflix, banks on tap as earnings season ramps up: What to know this week

After a cooler than expected inflation report sent stocks soaring, investor focus will shift to corporate earnings from the financial and tech sector in the week ahead.

finance.yahoo.com