The market has still not confirmed the January rally. I believe the positive news about trade deals with China, if they actually do happen, are already priced in. The FOMC -- according to yesterday's minutes -- remains dovish, which to me means that they are seeing some beginning signs of weakness in the economy. Some of the disappointing news today included December durable goods orders, Leading Economic Indicators, existing-home sales, and the US Manufacturing PMI. Not all were horrible, but showed weakness. Sometimes Mr. Market has a mind of its own.
Portfolio Return as of 05/06/22:
2020: 25.65%
2021: 29.15%
YTD: 5.79%
Subscribe to:
Post Comments (Atom)
US Producer Prices Surge 11 Percent on Higher Food Costs
Wholesale prices in the U.S. soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for co...
-
Climate change activists are not just interested in reducing carbon emissions in order to "save the planet." Their underlying desi...
-
High-yield bonds are sending the stock market a warning sign. This is not a prediction, but a leading indicator. Just because it's happe...
-
There are numerous posts on this blog, and millions on other blogs and news sites, on the subject of what the rich do different, but it'...
No comments:
Post a Comment
Thanks for the comment. Will get back to you as soon as convenient, if necessary.