Most traders are focused on inflation, and how the Fed is reacting to it by raising interest rates. But that may not be the real piece of data the central bank is looking at. In order to crush inflation, demand has to take a hit. In order for that to happen, consumers need to pull back on spending.
That typically doesn’t happen voluntarily. What does cause a meaningful pullback in consumer spending is higher unemployment. That’s when hundreds of thousands, or even millions or people are unable to spend extra. While last week’s inflation read led to a big market jump, we’re still in a bear market. And until the job market gets worse, we can expect the rate hikes to continue – even if they slow.
Until that changes, use market jumps to take profits on long-side positions, and keep watching for trades on the short side.
Now here’s the rest of the news:
The Best Way To Defend Your Savings
We are living through an economic crisis that will earn an entire chapter in introductory economics textbooks in the future. Right now, many Americans are struggling with… [Read Here]
Why the Housing Market Is About to Get. Much Worse
The “American Dream” of home ownership is already out of reach of most Americans, thanks to the 50% increase in home prices over the last couple years… [Read Here]
November 15, 2021
If you’ve got a jet ski or boat, you might want to do your holiday shopping now by heading out West of Los Angeles harbour. That’s because a record 111 container ships are offshore waiting to offload their cargo. A few ships may have even dumped their cargo into international waters to move on to the next job.
If that’s not reason enough to see that supply chain issues will last well into 2022, trucking companies warn that the United States is short about 80,000 truck drivers to haul those goods from shore (or train) to their final destination. Almost 75 percent of all freight needs to be trucked at some point in the supply chain, so this represents a major choke point.
We’ve been warning for weeks to do your holiday shopping early this year. But now the best trade might be to stock up on essential goods to avoid your own personal disruption in the next few months.
Now here’s the rest of the news:
“Gimmicks” in Reconciliation Bill Hide Over $1 Trillion in Spending, U.S. Chamber of Commerce Says –Edmund DeMarche, FoxBusiness
Some provisions essentially expire after a certain amount of time, but then are likely to be extended. So the budget total looks smaller than the actual total cost… [Read Here]
November 15, 2020
Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday. A collection of the weeks videos from Darren Hardy. Enjoy!
Describing its beauty!!! Cape Bona Vista coastline in Newfoundland, Canada.
Lighthouse station atop the end of the cape ahead on the horizon.
November 15, 2019
The Season of Gift Giving is fast approaching … So knowing more about the person ‘receiving’ the gift makes the exchange special.
As wonderful as it would be to just magically convince another to share your views, love what you love, life doesn’t quite work that way. People value different things. Recognize what makes him/her tick. Some value money, some value freedom, while others value happiness in relationships. Whatever it is, know them and help people in accordance with their values.
If you want to know what someone values, pay attention to where (s)he spends most of his/her time. If you want to know what someone is thinking often, just observe his/her actions. To know what someone’s goals or dreams are, see what books or information materials (s)he reads/listens to.
No secret as to where my passion lies… 😉