Bear Market Rally. We're likely in the sixth inning. July earnings guidance and CPI will be critical. If I had to guess, we're already in a recession, hopefully a shallow, brief one. But....
I guess I knew already but I’m anxious to move forward. We’ll have our answer in a month.
Now you are talking! :)
We just need that CPI inflection point and then we are off to the races! Be prepared.
Inflation nowcasting out of the Chicago Fed showing a tick up in inflation over last months reading. It's sort of like a real time inflation reading, but underestimated inflation so far this year (if I read the graphs correctly). Producer Price Index also at 10% and that's inflation in the pipeline. Real GDP from the Atlanta Fed (GDPNow) show 0% growth this quarter ... so, probably bear market rally during a few weeks where there's little financial news. But who knows, stranger things have happened, lots of money on the sidelines.
Down from a March high reading of 11.5% but its been over 10% since last November.
As long as it's moving in the right direction! :)
Bottom for now. Let's see what happens when the S&P 500 once gets between 4000-4100
Buying puts and shorting an equity, although betting in the same direction, are very different.
Ya I think we won't break those resistance levels...
... until we get a catalyst such as this.
weltwoche.ch
I think selling is their best option. Having said that, I wouldn’t acquire the company—too any unknowns and regulatory issues that won’t be uncovered in any due diligence since much of it is ongoing. I don’t know the statistics but I wonder how many customers they lost in the past year or so between the correction in the market overall and other factors.
Could be. But I have no idea of possible liabilities related to potential penalties, law suits, derivative suits, maybe accounting issues, etc. Never wanted to touch it, still wouldn’t.
No idea either.....regarding future liabilities.
And if payment for orders flow goes away, so does a majority of their income.
Energy and a handful of utilities (surprisingly) green and the rest red. Tech deep red.
Last week, the S&P short-term oscillator hit -10. The most oversold condition since March 2020. Wow!
Likely just a move to protect the stock price. He is on a very short lease and can be dumped at any time.
Russia controlled a portion of the territory they currently control before the invasion, and another large chunk was already contested. It's 4 months since the invasion and they have modest gains at best.Ukraine at tip point...about to lose refinery as Russia closes "the kettle" with artillery pulverization. US weapons "mysteriously" don't quite make it up the line - but they have been seen in Syria after being bought in Ukraine. The oligarchs and mafias having a good time. US forces/CIA sneaking around
The situation in Ukraine is 'overwhelmingly' in favor of Russia: Lt Col Daniel Davis
Ret. Lt. Col. Daniel Davis discusses how the Russian military is "destroying" Ukraine's armed forces in the Donbas Wednesday on "Jesse Watters Primetime."www.foxnews.com
«This war has been lost a long time ago» - Die Weltwoche
Before critics denounced him as “the voice of Vladimir Putin,” United States Army Colonel Douglas Macgregor was known for his daring military exploits. During the first Gulf War, his squadron famously demolished nearly seventy Iraqi Republican Guard vehicles in 23 minutes. Now, the West Point...
Commando Network Coordinates Flow of Weapons in Ukraine, Officials Say
A secretive operation involving U.S. Special Operations forces hints at the scale of the effort to assist Ukraine’s still outgunned military.www.nytimes.com
www.kitces.com
I will be moving to a Roth 401k option soon. Just waiting to see if the SECURE 2.0 act passes this summer, which would allow company matches to be paid out as after-tax Roth contributions. Also, we may transition our plan to Fidelity in a few months. Once the dust settles, we are going Roth.This is a good article for those folks that are doing or considering doing conversions from tIRA money to a Roth IRA. Essentially, the point is that market declines are often good opportunities for conversions.
Leveraging Tax Advantages Of Roth Conversion In Bear Markets
A market downturn could present an opportunity to convert a higher percentage of a pre-tax account to a Roth account for the same amount of taxable income.
Edit: I should mention that two points the article doesn’t adequately address are that your marginal tax rate could increase down the road either because the government raises rates and/or you or your spouse passes leaving the survivor with a higher single marginal rate and possible large RMDs.
Good plan. Keep in mind, though, that as a high income earner you may benefit from a mix of Roth and tIRA/401k, the latter giving you some tax deductibility in a high income year.
