Epic's Account Talk

new rate comes out next month. good chance it will be less than 9% just like SS increase due to the demonrats playing with the value of the dollar and oil prices to bring the inflation rate down so the govt can pay a smaller increase and for bragging rights for the mid-terms. after that higher than carter interest rates. IMO.
 
We'll see. It depends on the "inflation rate", which has been on the rise since May 2020. With Inflation going crazy right now, I would make the assumption that it would at least stay in that same range if not higher, but you never know until it's announced. If the composite rate stays above 9%, I'd throw another 10k at it for 2023 and lock it in. A little diversification never hurt, and it should help offset my Fidelity account losses. :( LOL

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More info on this HERE >>>>>> https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#ex


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So much RED to start the day on a Friday . . . . :worried:
https://www.investing.com/indices/indices-futures
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https://www.nytimes.com/live/2022/10/07/business/jobs-report-september-economy

September Jobs Report
U.S. Job Growth Cools but Remains Solid
Labor participation was little changed in September, at 62.3 percent, around where it has hovered for the duration of the year but still below where it was before the pandemic. Wages rose 0.3 percent, matching the prior month’s gain.
Wage growth remained strong in September, a sign of continued labor market strength that is likely to keep the Federal Reserve squarely focused on fighting inflation in the months ahead.
 
I haven't checked up with https://twitter.com/spomboy in a while, so these are a month old, but I still found them interesting. And since all I do is sit in G-Fund, I still try and post stuff that you all may find interesting as well.
Also, since going to G-Fund after getting killed in Jan. of this year, I started at like -3.6% overall, and am now at something like -1.5% (auto-tracker), so maybe by end of year (if I stay put in G) I MAY brake even.
:banana::banana:

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Stuff for the G Crew . . . . . another tic higher. :D
https://www.tspfolio.com/tspgfundinterestrate

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This was an interesting read. It came out Nov 1st before the Fed spoke, but still worth 2 minutes of time. :D
https://zensecondlife.blogspot.com/2022/11/melt-up-to-meltdown.html

Since I'm clueless as to why the market reacts the way it has to different events and news driven information (it seems to do the opposite of what you would normally expect), it's nice to read and get other perspectives on why it does what it does, cause I sure don't understand it at all. Crazy ! ! ! ! ! :eek: :blink: :nuts: :sick:


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On the lighter side of things........
Potential superstitious disaster avoided (for now)
:laugh:

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:banana::banana::banana:


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So last week there were rumors of China relaxing it's Zero Covid policies, which then in turn got the Global Markets all jacked in anticipation of this happening. I especially noticed it in Copper and Oil, but also overall in general.
Well, this was shot down hard by China on Saturday:
Beijing (AFP) – China said on Saturday that it would "unswervingly" stick to its zero-Covid policy, dampening the outlook for global markets following their recent surge on hopes that Beijing would cast aside some of its economically damaging virus curbs.

​So with the rumors officially shut down, and with all the midterm election drama, it should be an interesting week to see how markets react.
Good Luck Everybody ! ! ! !
:D
 
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