Our local banks and credit unions does not offer rates competitive to those found in brokerages.
Fidelity and Vanguard offer the same 1 year CDs that yield 3.05%.

Why is this so? In years past my CU's CD rates equaled or exceeded those of major firms.
Now they are far behind.

Sold all TCHP. Up 14+% since buying it about 4 weeks ago. Spread the proceeds around in cash & some more conservative holdings. (Suppose folks will start piling in now.)

way to go, @hank.

Our local banks and credit unions does not offer rates competitive to those found in brokerages.
Fidelity and Vanguard offer the same 1 year CDs that yield 3.05%.

This week's episode from YouTube -

If you prefer to watch at Bloomberg site, it is not yet uploaded there, but feel free to check later at
https://www.bloomberg.com/btv/series/wall-street-week

Realistic, I think. But one of his points is that stocks will underperform---- because they have over-performed for many years. Action, then Reaction. Then reversion to the Mean. 1,2,3.
"Not many stocks yield more than 3.2%." Huh? Did I just not hear him correctly? I went back and re-played it. I heard correctly. Does he have small-caps in mind? I dunno, but that statement is just incorrect. Erroneous. Right now, I own just three (3) single stocks. All of them yield well over 3.2%. ...I do not think it would be hard to find a great many others. I can certainly see his macro case. (I studied Hegel back in school!)
"Income (vs. cap gains) will be more important, going forward," for some time to come.
IQDG..... Hmmmmm. I took a look. Where does he see an 8% yield? I find 4.7%.
https://www.wsj.com/market-data/quotes/etf/IQDG
THANK YOU, @bee.

Jerome Powell recently stated that the current 2.25% - 2.50% Fed Funds Rate is neutral.
The Fed's preferred measure of inflation is the PCE Price Index.
Year over year, PCE prices increased 6.3% for the period ending in May (latest available stats).
Excluding food and energy, the increase was 4.7% during this period.
Rent and owners' equivalent rent are important PCE components which typically lag home price growth by approximately a year. Prices for these two components will increase in the months ahead.
Also, the Employment Cost Index indicated that private workers' wages and salaries increased 5.7% for the 12-month period ending in June.
Current monetary policy is still too accommodative.

Barron's published an article about buffered ETFs this week.
"Most issuers offer a monthly series of defined-outcome ETFs, with the outcome period typically starting on the first trading day of each month, although some offer quarterly products."
"While the ETFs can be bought or sold at any time, to receive the advertised buffer and cap when the ETF resets, investors have to hold the fund through the full outcome period, which is typically one year from the day that the outcome period starts, says Bruce Bond, CEO of Innovator ETFs, which pioneered the strategy."
"There are some caveats. The ETFs are significantly more expensive than the S&P 500 ETF or the Nasdaq-based Invesco QQQ ETF (QQQ), which annually cost 0.09% and 0.20%, respectively."
"The biggest caveat are the funds’ upside caps; in strong bull markets, such as 2021’s, they will underperform. That’s seen in the return of the Innovator U.S. Equity Buffer ETF–January (BJAN), which had an outcome period of Jan. 1, 2021 to Dec. 31, 2021. This fund had a 15% downside buffer and a 15% cap.
Its return was 14%, net of fees, versus the S&P 500 ETF Trust’s 2021 return of 27%."
Link

Prob buy more Meta qqqm xlf tsla lcid spy vang2050 monday
Bottom likely in
Becareful of double dip/stagnation and another 10% -15% leg down next 3 6 wks
Very difficult to tell so far but odds little lowered compared last wk
Good news usdollar downtrends and oil commodities little downtrends also last wk
https://mobile.twitter.com/WillieDelwiche/status/1553056509747236864?ref_src=twsrc^google|twcamp^serp|twgr^tweet
https://finance.yahoo.com/news/jpmorgan-says-market-bottom-near-120000886.html

+1.

Most credit unions are insured by NCUA, a federal agency.

One of the NCUA’s responsibilities is managing the National Credit Union Share Insurance Fund. It is the NCUSIF that guarantees money in credit union accounts is backed with the full faith and credit of the U.S. government.

https://www.bankrate.com/banking/credit-unions/ncua-how-your-savings-at-credit-unions-are-insured-by-the-government/
Some state-chartered credit unions like GASCU are not members of NCUA, but rather choose to buy private insurance. About 20 years ago, Patelco switched over to American Share Insurance, the same insurer that GASCU uses. It made the switch to get higher coverage limits. In 2009, it switched back, for reasons given in this piece:
https://www.depositaccounts.com/blog/2007/11/patelco-credit-union-is-scheduled-to-be.html

@Crash +1

From the Science piece:

scientists on both sides of the fracking debate agree that it is very unlikely that microfracturing of rock formation itself contributes to the vertical migration of gases. The problem, they say, is with a minority of badly cased or cemented wells—they just disagree on how often this occurs.

The second rebuttal piece likewise acknowledges that poor construction is the cause of whatever problems exist.
So the question is: how much do you trust the oil companies to spend the time and money needed to construct their wells safely?
https://www.nytimes.com/interactive/2019/12/12/climate/texas-methane-super-emitters.html
(The field that the NYTimes shows in its article, Permian Basin, is tapped via fracking.)
Back to the methane contaminated water ...
The supporting piece cited by the second rebuttal carries the headline: "No water-based contaminants found in Colorado wells". But the article reveals the headline to be spin:

Carlson’s team found that 2 percent of their sampled wells showed seepage of oil- and gas-related methane – a flammable greenhouse gas that’s the main component in natural gas.
And that’s not good, Carlson said. Methane, a concern for climate change emissions, can also be explosive (which is why coal mines blow up, and why the movie “Gasland” portrayed flaming taps). But it’s not toxic, and isn’t a huge factor in terms of drinking water safety. It also is found in large quantities in the basin from naturally occurring, biogenic sources.
With regard to the really bad stuff – the bariums, chromiums and other soluble contaminants that people have been worried about getting into their water – Carlson’s team didn’t find any.

It's not that there isn't methane seepage. It's just that methane isn't really the "bad stuff".
(And this piece isn't labeled opinion.)
As to the study cited by Science, "Chesapeake Energy Corp., which has large oil and gas stakes in Pennsylvania, supplied the researchers with the database, the largest of its kind, and also funded the work. "

Bonds are not CDs, but most CDs are guaranteed by the FDIC--- unless you belong to a Credit Union like I belong to, in the Los Angeles suburbs: deposits are PRIVATELY insured. (GASCU, not GASFCU.)
Anyhow, I hate to once again mention this, and I don't recommend it for political reasons: The State of Israel has never defaulted. In 2003, I snagged a 10-year Zero animal at 5.68%. After maturity, I almost doubled my money.
These bonds are offered Stateside, in DOLLARS. The offered rates might deserve your attention. I note a 5-year bond at 4.68%. (But it's not a "Zero." Perhaps it could be arranged to re-invest the dividends?)
There are no 10-year beasts being offered these days. And I do believe these bonds are non-callable, too.
https://www.israelbonds.com/Offerings-Rates/Current-Rates.aspx

ancient bill appears to be in subcommittee:
https://www.congress.gov/bill/117th-congress/house-bill/2202?s=1&r=5
like air pockets but not quite
https://www.propublica.org/article/scientific-study-links-flammable-drinking-water-to-fracking
(old)
rebuttal:
https://www.science.org/content/article/methane-drinking-water-unrelated-fracking-study-suggests
https://www.cred.org/is-fracking-connected-to-burning-tap-water/

Hi @Derf and @Old_Joe et al PBS Frontline produced Gasland in 2010 regarding the problems with fracking in the Marcellus range in Pennsylvania. The pressurized system used for fracking was pushing gases into the private/muni well systems........thus "burning water at the faucet". A Gasland, part 2 was also produced related to the mini earthquakes becoming frequent in the southwest from the fracking methods. There are numerous video sources; however, I don't know that one will find the full original, even with a PBS membership. For those who have access to OnDemand via a cable system, you may search the name and perhaps discover the program, as I recall HBO running the program, too.
The link below offers various online sources that are related to the problem.
GASLAND links

@hank +1
Have a good weekend, Derf

Yes, right now the 12/18 month issues seem to be the best choice. Extending from there doesn't get you much.

Fido has similar CD rates for the 1 year at 3%, but the 10-year new issue CDs aren't that much higher at 3.80%. Would be nice to see longer-term CD rates well above 4%, then I would nibble....or maybe gobble.

Thanks, @msf. Schwab is charging me 1.26% for my NTF A shares, SVFAX. I made an error in my post.

Sold all TCHP. Up 14+% since buying it about 4 weeks ago. Spread the proceeds around in cash & some more conservative holdings. (Suppose folks will start piling in now.)