Thread: Epic's Account Talk

Good Morning......
Just some random data from this mornings PPI report. Buckle up for what may be a bumpy ride. Futures have been Up, Down, Up, Down all morning, with US Tech looking the strongest.....

PPI for March came in at +2.1% YoY below expectations of +2.2% YoY

PPI for March came in at +0.2% MoM below expectations of +0.3% MoM

At 2.1%, annual PPI is now back at the highest level since September 2023.

U.S. core PPI rose 2.4% on an annual basis, compared to estimates for an increase of 2.3%, and up from 2.1% in February.

The chance of the Fed cuts this year rapidly abates

Moreover, June rate cut expectations fell from 56% to 15%

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https://www.investing.com/indices/indices-futures

Just FYI ..... A bit of Optimism maybe ? ? ? ?

Tom Lee: Market is in a good position to rally 'as long as inflation tracks better than expected'

Originally Posted by Epic

Tom Lee: Market is in a good position to rally 'as long as inflation tracks better than expected'

Dang, those insiders are good.

Originally Posted by tsptalk

Dang, those insiders are good.

Yeah.....Today looks pretty sweeeeeet so far. My only thought is that since today is Turnaround Tuesday, does that now work inversely and we give it all back and then some over the next three days???
Another thing is that all funds are going up at the same time. That's not "normal" behavior, and always makes me a bit cautious.

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Originally Posted by Epic

Another thing is that all funds are going up at the same time. That's not "normal" behavior

Other than the last week or so, where one of the three major market indices was up and the other two down, seems fairly normal to me.

Originally Posted by WorkFE

Other than the last week or so, where one of the three major market indices was up and the other two down, seems fairly normal to me.

By "normal", I mean Stocks go UP, Bonds go DOWN, but you are correct that Positive Correlation (where C, S, I, F prices move in the same direction) and not an inverse relationship between {C, S, I} and F does happen more frequently than in years gone by. Even with that being said, I still take notice. Maybe I shouldn't be so hyper nervous all the time.... LMAO
Must be the ADHD kickin in....... Where's my Ritalin????

Good Morning....... Still a ways to go before the Open, but jeeezzzzz.......
Stock Market Futures - Investing.com

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Markets Open in about 30 minutes. Futures very sporadic at the moment. Up, Down, Up, Down...... Plus, it's a Friday, plus it's end of month (almost). So maybe we can save face and regroup fresh in May, or do we heed the old saying "Sell in May and walk away"???? In these absolutely insane times that we're in, I have no idea. Anything can happen.
Good luck to everyone and have a great weekend !!!
Stock Market Futures - Investing.com

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Another random data FYI for the day.......

Read More HERE >>>>> Access Denied
or in more detail HERE >>>>> Access Denied
(I know it says "access denied", but it still works..... LOL)

04/30/2024
Compensation costs increased 1.2 percent for civilian workers, seasonally adjusted, from December 2023 to March 2024. Over the year, total compensation rose 4.2 percent, wages and salaries rose 4.4 percent, and benefit costs rose 3.7 percent.

Hey G-Fund Crew. How's an extra .50% sound to you guys ???
Up to 4.750% from the April 4.250%......... Works for me......
https://www.tspfolio.com/tspgfundinterestrate
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B&G.PNG . frog-chilling-on-a-lily-pad-paint-by-number.jpg ​Ahhhhh........ Soooo relaxing ............

That is certainly better than those 1% or lower days, or is it?

Playing devil's advocate, the reason we have this heathy rate of return in the G-fund is because of the rate of inflation.

This is not a bad thing for those with fixed expenses, for instance if you don't have a mortgage, a big car loan or credit card balances, or you're locked into a low rates.

Otherwise, the higher prices in things like rent, car insurance, food, energy, etc., caused by inflation will absorb this return. This probably negatively impacts younger people more than us older folks.