That's a soft cock soft landing piece from MSM pundits who won't starve when it all inevitably implodes into a big FU mushroom spore pop.

Don't expect a rate cut from the Fed this week.

Quote from: Herman on April 28, 2024, 11:09:14 PMDon't expect a rate cut from the Fed this week.

Metals traders are saying a rate increase before years end.

Quote from: Lokmar on April 28, 2024, 11:12:10 PMMetals traders are saying a rate increase before years end.

Maybe the Seoul brother will post his insights.

Quote from: Herman on April 28, 2024, 11:37:35 PMMaybe the Seoul brother will post his insights.

I'd  be interested in listening.

Quote from: Herman on April 28, 2024, 11:37:35 PMMaybe the Seoul brother will post his insights.

I am super busy until the end of corporate tax season at the end of June.

But, I can say that the market is looking for clues on rate cuts. At the beginning of the year, traders thought the Fed would rapidly unwind its historic bout of interest rate rises with as many as six interest rate cuts expected throughout 2024. Hot inflation and continued strong growth has dampened these bets, with some economists suggesting the Fed will wait until 2025 to cut interest rates.

Don't know if any of you own shares in TD or not.

This video says they aint doin' so great lately


...perhaps it would interest TheProwlerT he Prowler.

An analysis from University of Pennsylvania researchers estimates the U.S. has about 20 years before its debt levels become unsustainable.

Almost half of American families don't have a dedicated retirement savings account, according to the Federal Reserve's 2022 Survey of Consumer Finances. The survey, which includes the latest government data, reveals only 54.4% of American families reported having dedicated retirement accounts such as a 401(k) or IRA.

While it's possible they may be saving for retirement outside of these accounts, few survey respondents reported having other investments. For instance, only 1.1% directly hold bonds and only 21% directly hold stocks.

Many Americans relying solely on Social Security benefits to carry them through their golden years may be in for a rude awakening. The average benefit for a retired worker is $1,907 a month, according to the Social Security Administration, which works out to $22,884 per year. This isn't far above the 2022 poverty threshold of $17,710 for a person over 65 in a two-person household, per Census Bureau data.

I was reading an op-ed by real estate mogul Grant Cardone.

With elevated interest rates and persistently high home prices, American homebuyers have felt firsthand the squeeze on their budgets.

He thinks the savior of America will not be lower prices, it will be longer mortgages. He says we will see mortgages go from 30 to 40, 50 and maybe even 60 years.

US stocks dropped for a second day of the short trading week on Wednesday, with the Dow Jones Industrial Average declining by more than 300 points as Treasury yields continued to spike.

An auction of seven-year Treasury notes was met with weak demand, marking the third sale of US government bonds this week to spark fears of oversupply amid forecasts of higher-for-longer interest rates.

The sell-off in the bond market comes ahead of two important data points for investors as they try to assess the path of interest rates for the rest of this year. On Thursday, first-quarter GDP will see its first revision, with expectations for growth to be lower than initially reported for the first three months of the year.

More importantly, on Friday, the Bureau of Economic Analysis will publish the Federal Reserve's preferred inflation measure. Price increases as measured by the personal consumption expenditures index are expected to be on par with March figures, rising 2.7%, according to economists' estimates. However, a surprise to either the upside or downside could have a big impact on stocks and the broader market.

Asian shares retreated on Tuesday after a report showed that U.S. manufacturing contracted in May, in the latest sign the economy is slowing.

Treasury yields also slid in the bond market after the report by the Institute for Supply Management showed U.S. manufacturing shrank in May for the 18th time in 19 months. Manufacturing has been hit particularly hard by high interest rates meant to get high inflation under control. That can also hit Asian economies that rely on exports.

On Tuesday, the U.S. government will show how many job openings employers were advertising at the end of April. And on Friday, it will give the latest monthly update on overall growth for jobs and workers' wages.

Stocks of companies whose profits are most closely tied to the strength of the economy dropped to the market's worst losses. That included the oil-and-gas industry, as the price of crude tumbled on worries about weaker demand growth for fuel.

Global markets had a terrible day yesterday with concerns over global recession and low tech earnings.

Here in North America:
TSX was down 2.18%
The Dow was down 2.60%
Nasdaq was down 3.43%

Japan's benchmark Nikkei 225 index soared nearly 11% early Tuesday, a day after it set markets tumbling in Europe and on Wall Street.

The Japanese index advanced more than 3,300 points, not quite making up for the huge loss of more than 4,400 points the day before, when it plunged 12.4% in its worst single-day decline since 1987.

Markets had a recovery day in North America too. Though like the Nikkei they didn't get back all their previous losses over two days.

Quote from: DKG on August 07, 2024, 06:40:17 AMJapan's benchmark Nikkei 225 index soared nearly 11% early Tuesday, a day after it set markets tumbling in Europe and on Wall Street.

The Japanese index advanced more than 3,300 points, not quite making up for the huge loss of more than 4,400 points the day before, when it plunged 12.4% in its worst single-day decline since 1987.

Markets had a recovery day in North America too. Though like the Nikkei they didn't get back all their previous losses over two days.

Everything seems to be close to where it was last week Seoul..

I can't help but wonder if those two days will portend what is to come..

Canada's economy has been limping along for a few quarters....we aren't producing enough jobs.