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U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns Congress

Treasury Secretary Janet Yellen on Friday notified Congress that the U.S. will reach its statutory debt limit next Thursday.
After that, the Treasury Department this month will begin “taking certain extraordinary measures to prevent the United States from defaulting on its obligations,” Yellen wrote in a letter to new House Speaker Kevin McCarthy, R-Calif.
The Treasury “is not currently able” to esti...

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zcole1101

wrote a post · 01/13 17:33

US consumers still have about 6 months worth of "Excess Savings" compared to pre-covid level. We are entering a "Goldilocks Period". Few understand this.
$SPDR S&P 500 ETF(SPY.US)$$Invesco QQQ Trust(QQQ.US)$

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zcole1101

wrote a post · 01/12 17:54

Today's important data - CPI, Inflation Rate, Initial jobless claim - Are you ready?

$SPDR S&P 500 ETF(SPY.US)$$Invesco QQQ Trust(QQQ.US)$$Tesla(TSLA.US)$$Apple(AAPL.US)$

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efficentupup

wrote a post · 01/09 11:24

Wall St rallies as jobs, services data calm rate hike worries

- U.S. December payrolls up 223,000 vs est 200,000
- Dec. non-manufacturing PMI 49.6 vs November's 56.5 read
- Biogen closes higher as FDA approves Alzheimer's drug
- Indexes up: $Dow Jones Industrial Average(.DJI.US)$ 2.13%, $S&P 500 index(.SPX.US)$ 2.28%, $Nasdaq Composite Index(.IXIC.US)$ 2.56%
Wall Street's main indexes all gained more than 2% on Friday after December payrolls expanded more than expected even as wage increases slow...

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efficentupup

wrote a post · 01/11 11:47

Wall St Ends Higher, Powell Comments Avoid Rate Policy

- Investors await CPI data Thursday
- U.S. earnings season begins this week
- Jefferies shares rise after results
- Indexes: $Dow Jones Industrial Average(.DJI.US)$ up 0.6%, $S&P 500 index(.SPX.US)$ up 0.7%, Nasdaq up 1%
U.S. stocks ended solidly higher on Tuesday, led by a 1% gain in the Nasdaq, on relief that Federal Reserve Chair Jerome Powell refrained in a speech from commenting on rate policy.
In his first public appearance of the year,...

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zcole1101

wrote a post · 01/10 17:44

CPI number will be released on Thursday, Jan 12. In 2022, the S&P 500 traded down on 7/12 CPI release days but 4 out of the last 5 releases were up days (with strong moves). What will Thursday bring?
$SPDR S&P 500 ETF(SPY.US)$$Invesco QQQ Trust(QQQ.US)$$S&P 500 index(.SPX.US)$

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efficentupup

wrote a post · 01/10 15:59

USD and inflation: How will latest CPI data bear down on DXY?

The Federal Reserve has the one big gun – the loading of interest rates. For close to a year the Fed has attacked inflation without flinching, lifting rates from near zero to 4.25-4.5%.
The sheer brutality of the front-loading hasn’t been seen since the 1980s. Inflation once thought fleeting is now entrenched across every US supply chain and consumer spending sector.
On Thursday crucial December CPI data lands. Come the late January F...

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zcole1101

wrote a post · 01/06 11:34

my case for oil.

My current positions in my play account (not tax deferred): 20% oil, 80% sgov.
My case for oil.
Investment in oil production globally is down 2/3rds from 10 years ago. We are transitioning to green energy which is great but not much incentive to invest in oil knowing it's slowly being replaced.
Russia might be cutting. Whether its intentional or it's because they don't have the western parts they need is irrelevant to me.
Saudi Arabia might be cutting. They don't like oil under $...

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zcole1101

wrote a post · 01/05 17:12

The era is over

*BLOOMBERG NEGATIVE-YIELDING DEBT INDEX LOSES ITS LAST MEMBER
$SPDR S&P 500 ETF(SPY.US)$$Invesco QQQ Trust(QQQ.US)$$S&P 500 index(.SPX.US)$

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