BRICS just added Saudi Arabia...
Keep an eye on this and the US Dollar as well.
BRICS just added Saudi Arabia...
That kicks in January 2024 I thoughtBRICS just added Saudi Arabia...
Not in the non_BRICS world. I'm guessing they will be put under more sanctions in the near future.An ETF for BRICS might be a good idea ?
I don't think they go back to 0.5% either. They might fall in the next 12-24 months though. Bonds had a historically bad 2022, so if not late 23, perhaps in 2024 they could do well. Even if the Fed rates plateau soon instead of actually falling that will boost them. Its sentiment driven to some degree.If I have this right you seem to be saying interest rates are almost to their inflection points, which will mean that yields will drop creating a bond bull market? Except T10 is at 4.32% today, which is still 3% below its historical norm. So you think there going up a little more then going to have a long term bull market?
I actually looked at this a month ago - but as a hedge. My idea was buy a T10. If stocks go up I don't care that it looses some money.
If stocks go down and rates plummet, I make some money.
My issue was the spread. At 4.32% what's the possible floor? There never going back go 0.5% like in the depths of covid, IMHO.
So you have maybe a 2% yield drop, which is like a 20% market improvement in your bond pricing.
However if we revert to mean of 7% yields you loose 30%. The risk no longer seemed worth the reward - to me at least.
Just trying to understand your trade?
I am a contrarian investor, so that's a good thing IMO. Might be "darkest just before the dawn" in Europe.Economic data in Europe just went from bad to worse
European business activity contracted once again in the month of August to its lowest level since November 2020.www.cnbc.com
Big time!Housing in a good location makes inflation work for you.
Frontier, Peloton, and Old Navy among More Exposed Brands As Student Loan Payments set to Resume - Earnest Analytics
Student loan payers who suspended payments during Covid will have to resume those payments come October. What does that mean for consumer spend?www.earnestanalytics.com
Maybe my next investing move should be to buy something from Stihl. I’ve kind of wanted a pole saw. Or an MS362 (which I don’t really need).Stihl Furloughs 30% of US Workforce; Sends Employees Home Via Text
STIHL Inc., the world’s top chainsaw manufacturer, has announced plans to furlough approximately 30% of its workforce at its Virginiathedeepdive.ca
Stimulus cash gone and less folks buying Stihl equipment.
That "whopping" stimulus cash to individuals was gone a long time ago. I doubt most were running out to buy chainsaws with their $1200 stimulus payments, lol.Stimulus cash gone and less folks buying Stihl equipment.
Meh, I only clicked on that because "via text"Stihl Furloughs 30% of US Workforce; Sends Employees Home Via Text
STIHL Inc., the world’s top chainsaw manufacturer, has announced plans to furlough approximately 30% of its workforce at its Virginiathedeepdive.ca
Stimulus cash gone and less folks buying Stihl equipment.
There are also cheaper options. You can get a Chinese made Stihl clone for half the price that is a really nice saw.Stihl Furloughs 30% of US Workforce; Sends Employees Home Via Text
STIHL Inc., the world’s top chainsaw manufacturer, has announced plans to furlough approximately 30% of its workforce at its Virginiathedeepdive.ca
Stimulus cash gone and less folks buying Stihl equipment.