Pretty solid earnings season made me think stocks would be heading higher but a rate cut and tariffs sure seemed to make the market change direction.
Pretty solid earnings season made me think stocks would be heading higher but a rate cut and tariffs sure seemed to make the market change direction.
I think the markets are looking for any excuse to go down at this point.
Yeah, wish I would have held off buying some of the stuff I did this week
I guess on a positive note the covered calls I sold won’t be in the money
I'm not even logging into my trading accounts
Maybe the trade war will finally matter..........but this is probably just another op to buy some stuff
Thanos was the hero
Well that was ugly today.
-60k for me, but there have been a whole lot of +20k days leading up to today. It ebs and flows no big deal over time the market rises more than it falls.
Are we witnessing the beginning of the fall of Communist China? I'm not a history buff, but hasn't many if not all the commy and socialist countries failed because of their currencies collapsing? China keeps their currency stable with dollars. They only have so much dollars, they could run out. They already have riots in the streets, once they lose control of their currency it's going to get really ugly.
We have the winning hand. I don't think China can wait and gamble on the upcoming election. They wait too long and more companies will be sourcing manufacturing and goods from other countries.
Thanos was the hero
Stocks fell big time over night .
What happens as more and more debt turns negatively yielding? There is $15 trillion in negative yielding debt around the world already and it appears to me that the world is racing to the bottom with lower yields. But I don't understand what happens. Why would you buy debt that is negative yielding. Is negative yielding debt not good for the govt issuing that debt?
Thanos was the hero
I think it is insurance companies, banks and other regulated businesses in Germany that may be required to buy German bonds that are buying them. I see no logical reason that anyone else would. However what happens to retirees that can’t live off of zero interest? And what happens if you have no bond buyers? Wouldn’t the bonds get bid down until there was demand thereby creating higher rates? Barrons has an article last week about Modern Monetary Theory. Scary stuff but it looks like where we are heading based on our debt levels.
https://global.pimco.com/en-gbl/insi...rally-negative
Worth a read about negative rates.
Of course I'm late to the party about rates and they will probably reverse from here, but this could be a longer term trend, looking out 10-20 years. If savers get punished with negative rates, IMO, the next best thing for savers would be precious metals. Again, late to the party in regards to gold, but boy is that a bullish weekly and monthly chart, especially the monthly.
Thanos was the hero
Interesting article from PIMCO. I have heard the demographic cause in quite a few articles lately ranging from Europe’s low birth rate to our aging population. Add on the student debt which reduces disposable income for years and I guess you have a big factor in why there is little inflation. Not sure I like where this is headed but we may be back to the TINA with stocks.