Investing Strategies. What is your move?
- Thread starter PimTac
- Start date
PPI up 11.3% in June. That is not going to digest well for the markets.
www.cnbc.com
Wholesale prices shoot up near-record 11.3% in June on surge in energy costs
The producer price index, a measure of the prices received at the wholesale level, increased 11.3% from a year ago.
Must be Bad News Thursday. JP Morgan Chase going to the woodshed after reporting earnings were down 28%. Ouch.
www.cnbc.com
JPMorgan Chase earnings fell 28% after building reserves for bad loans, bank suspends buybacks
Chairman and CEO Jamie Dimon warned geopolitical tension, high inflation and waning consumer confidence could hurt the economy "sometime down the road."
it would be idiotic for the FED to raise rates more than a 1/4 point what with commods falling off a cliff and gold getting tarnished LOL
if they do raise more its so they can kill the labor market and drop wages
oils at 91 and according to my daily chart on its way to 75...since i made my last post gas only lowered a dime in my area while oil price is down almost 10 from last week
Last edited:
Pt off hard so I bought. Just an ounce though.
1 oz Platinum Bar - Valcambi Suisse - 999.5 Fine in Sealed Assay | eBay
Valcambi's headquarters and refining operations are located in Balerna, Switzerland and is one of the largest and most reputable refineries in the world. Platinum Bar - Valcambi Suisse - 999.5 Fine.
www.ebay.com
Gas makers and sellers need to hold on to the gouge factor as long as possible to fill their bank accounts. 92 octane here is still 5.92/gal ... just got some couple days ago.
My opinion:
FED needs to raise rates 1% even if it hurts the markets.
The chickens are now coming home to roost and lots of bad news on the horizon.
Latest commentary on the PPI from ShadowStats.
• I N F L A T I O N - FLASH (July 14): The original Finished Goods - Producer Price Index Series, which goes back to 1948, hit its second highest annual inflation level in history, at 18.6% in June 2022, the strongest showing since the historical record-high 19.6% of November 1974, while the current Final-Demand Goods PPI-FD series (created in 2009) hit another all-time (13-year) high of 17.4% in June 2022, up from the prior 16.6% series record in May 2022.
www.shadowstats.com
• I N F L A T I O N - FLASH (July 14): The original Finished Goods - Producer Price Index Series, which goes back to 1948, hit its second highest annual inflation level in history, at 18.6% in June 2022, the strongest showing since the historical record-high 19.6% of November 1974, while the current Final-Demand Goods PPI-FD series (created in 2009) hit another all-time (13-year) high of 17.4% in June 2022, up from the prior 16.6% series record in May 2022.
Shadow Government Statistics - Home Page
www.shadowstats.com
Homebuilder Sentiment plunged in July.
www.cnbc.com
Homebuilder sentiment plunges in July as buyers pull back
Homebuilder sentiment fell dramatically in July, as both builders and buyers contend with sky-high inflation.
www.cnbc.com
Ford to layoff 8000 workers.
www.barrons.com
Ford to Cut 8,000 Jobs as It Aims for EV Market, Report Says
Bloomberg reported the news, saying the positions will be lost at the company's traditional, internal combustion engine business.
My investments are up quite a bit so far in July. Have we passed the bottom?
I'm expecting earnings to be down right across the board over the next few months so stocks may go lower (but then again maybe not).
Remember that the stock market will turn around before the economy does. It has in the past anyway.
I've been buying a bit here and there but haven't put any serious money on the table yet. As a buy and hold investor, nothing I own is into capital loss territory so I haven't even had any capital losses to harvest.
I'm expecting earnings to be down right across the board over the next few months so stocks may go lower (but then again maybe not).
Remember that the stock market will turn around before the economy does. It has in the past anyway.
I've been buying a bit here and there but haven't put any serious money on the table yet. As a buy and hold investor, nothing I own is into capital loss territory so I haven't even had any capital losses to harvest.
I would not look at one months performance as a turnaround. The thing is, by the the time we figure the market has indeed turned around several months have passed. On the other hand the markets can be cruel. During secular bear markets you can have cyclical bull markets of 6-18 months within that bear market.
If you are in for the long haul just dollar cost average every month. Make sure your asset allocation matches your risk tolerance and age.
We're seeing a typical bear market rally. Commodities have come down from their peak but inflation is still HIGH. Supply chain issues aren't gone. Employment is starting to roll over. I don't see the light at the end of the tunnel.
I have 20 more years until retirement...who cares...
Similar threads
