Buy Sell Why: ad infinitum. Not Buy/Sell, but this thread is currently a popular watering hole. So, I add this for those who may not be aware: From an internal note at Fidelity:
On Friday, November 11, Fidelity Investor Centers, along with all major stock markets will be open for business. However, in observance of Veterans Day (originally known as Armistice Day) bond markets and banks will be closed. This will delay account settlements, distributions, withdrawals, transfers, and money market fund trading due to the bank closures.
Added Note: Not all banks/cu's will necessarily be closed.
Steady rising yields in CDs and treasuries @JD_co- thanks much for that info- I followed and did likewise:
• UBS Bank USA UT, Cusip 90348J7C8, 4.9%,
11/
18/24
• UBS Bank USA UT, Cusip 90348J7D6, 4.95%,
11/
17/25
OJ
Buy Sell Why: ad infinitum. I must have bought your PARA. $16 seemed like a good bet. I wonder what Mr. Buffett and/or his minions are thinking on this one. Also bought AMZN yesterday and DIS before the open. Those prices seemed to be getting a bit ridiculous. Not to say that they can't get anymore so.
Steady rising yields in CDs and treasuries @Sven, yes, looking for 3-
10 year CDs, and they are all disappearing fast. Snagged some 4.95% non-callables today (3 and 4 year CD terms).
You have any other ideas/suggestions?
Today's activity is spooking me out.
October Inflation Report Price Pressures Show Signs of Cooling
October Inflation Report Price Pressures Show Signs of Cooling TROW has not done well this year, so I am glad to see it turning around. Also Cathy Woods’ ARKK ETF which is up
13% ! But this ETF is still down 60% for the year.
Today is just one data point and there is still a way to go. Earning reports indicating business are slowing down, so the market is still not a bargain. The rate hike will continue well into 2023 but at a slower pace.
The chart of the article below indicates energy, food and housing are still the biggest drivers on inflation.
https://cnbc.com/2022/11/10/heres-the-inflation-breakdown-for-october-2022-in-one-chart.html
Steady rising yields in CDs and treasuries At Fido, the new issue CDs available just went from 187 to 111. The issuers are pulling them from the platform. The CD % rates are dropping off at the longer end, after barely budging this past week after the latest hike.
A CPI report issued today shows inflation is "only" 7.7% YOY, and the market flips. We have suddenly moderated, apparently?????
October Inflation Report Price Pressures Show Signs of Cooling
October Inflation Report Price Pressures Show Signs of Cooling The S&P500 was up 4% this morning. The 2 yr and 10 yr treasury yields also dropped that move that the broader bond index upward. It is encouraging to all investors.
October Inflation Report Price Pressures Show Signs of Cooling Consumer prices rose 7.7 percent in the year through October, slower than economists anticipated. Stocks jumped at the sign that the Federal Reserve’s campaign to tame inflation was taking effect.
September’s CPI was at 8.2%. The probability of a smaller rate hike, 50 bps, is likely in December FOMC meeting. Also lay-offs among large companies are taken place as business slows, that reduces the upward pressure on labor cost (service cost) and inflation.
https://nytimes.com/live/2022/11/10/business/inflation-cpi-report
Crypto Crash. 11/8/22 WSJ just now:
"Crypto exchange FTX lent billions of dollars worth of customer assets to fund risky bets by its affiliated trading firm, Alameda Research, setting the stage for the exchange’s implosion, a person familiar with the matter said.
FTX Chief Executive Sam Bankman-Fried told an investor this week that Alameda owes FTX about $
10 billion, the person said. FTX extended loans to Alameda using money that customers had deposited on the exchange for trading purposes, a decision that Mr. Bankman-Fried described as a poor judgment call, according to the person."
src:
https://www.wsj.com/articles/ftx-tapped-into-customer-accounts-to-fund-risky-bets-setting-up-its-downfall-11668093732This is like MF Global, redux....
Meta laying off more than 11,000 employees: Read Zuckerberg’s letter announcing the cuts
Buy Sell Why: ad infinitum. Post U.S. elections, +
1 day, doesn't mean much in the long term, but today's market actions may be interesting. Many global markets are decently higher overnight.
FINVIZ futures at 9am, EST. ....... Equity and Bonds strongly higher.
NOTE: For those unaware, this graphic will change through a business day.
AAII Sentiment Survey, 11/9/22 For the week ending on
11/9/22, a big shift for the worse: Bearish became the top sentiment (47.0%; very high) & bullish remained the bottom sentiment (25.
1%; low); neutral became the middle sentiment (27.9%; below average); Bull-Bear Spread was -22.
1% (very low). Investor concerns: Inflation; supply-chain disruptions; recession; the Fed; dollar; crypto-crash (FTX collapse); US election outcome; market volatility (VIX, VXN, MOVE); Russia-Ukraine war (37+ weeks); geopolitical. For the Survey week (Thursday-Wednesday), stocks were mixed (cyclicals up, growth down), bonds down, oil down sharply, gold up strongly, dollar down. #AAII #Sentiment #Markets
https://ybbpersonalfinance.proboards.com/thread/141/aaii-sentiment-survey-weekly?page=8&scrollTo=831
