Futures very green due slow cool inflation Inflation slowed again last month, more than expected, as the Federal Reserve raised interest rates at the fastest pace in decades.
The Consumer Price Index (CPI) in November showed a 7.
1% increase over last year and 0.
1% increase over the month. Economists had expected prices rose at an annual 7.3% clip and 0.3% month-over-month, per Bloomberg data.
On a "core" basis, which strips out the volatile food and energy components of the report, prices rose 6.0% year-over-year and 0.2% over the month. Consensus estimates called for a 6.
1% annual increase and 0.3% monthly increase in the core CPI reading.
https://www.google.com/amp/s/www.cnbc.com/amp/2022/12/13/cpi-inflation-november-2022-.htmlMarkets loving the CPI print
Green candles everywhere in the stock marke
Spy near 200 days ma maybe slow uptick from there
Fomo tomorrow possible 0.5% and easing /back off rates possible slow pivots
Secure Act 2.0, Roth's, RMD's, 529 to Roth conversions, employer plans, etc.....changes Both Congressional (house) parties very much in favor of this legislation in a March, 2022 vote. Now, there are only a few days remaining for a vote in this calendar year. And a revised version has been introduced. A wait and see.
Add to the story, please.
Updates as available.....Secure Act 2.0
Ex-FTX CEO Bankman-Fried arrested in Bahamas as U.S. files charges
How are you positioned going into 23'? I performed a Portfolio X-Ray yesterday.
US Stocks___41.98%
Non-US Stocks___23.12%
Bonds___0.00%
Cash___34.83%
Other?___0.06%
I sold my intermediate core-plus bond fund late last year due to concerns about rising rates.
My ultra-short term bond fund was liquidated earlier this year for tax loss harvesting purposes.
I dumped my multisector bond fund because of an abrupt and unexpected manager departure.
The sales proceeds went to "cash" - stable value fund, Treasury Bills, money market funds.
Overall, I'm fairly satisfied with my allocation and holdings at the present time.
Next year I'll probably increase my equity allocation slightly to approximately 70%.
Will add to VPCCX and MIEIX CIT clone.
I also plan to buy back the intermediate core-plus bond fund (DOXIX)
and possibly purchase some other fixed-income investments.
Expect Volatility - More Government Shutdown Idiocy In an unprecedented move, S&P downgraded long-term federal debt from AAA to AA+
in 2011 when politicians were squabbling over the debt ceiling.
It's statement said in part:
"We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process."
Deja vu all over again?
TRP: Active Funds Outperformed Passive Peers
Mid & Small Another SV fund to consider is a relatively conservative approach QRSVX. Holds up well in down turns but won't blow the doors off if stocks decide to go full-bull again. 5* fund, mainly small and midcap, but holds about 14% large also and about the same in treasuries. Maybe you can call it multi-cap. The only domestic small cap I own... FWIW.
