Dow falls 500 points, Treasury yields jump after strong inflation data: Live updates

https://www.cnbc.com/2024/04/09/stock-market-today-live-updates.html

HYPERLINK has full article

snip

Stocks tanked on Wednesday after March inflation data came in hotter than expected, likely pushing off interest rate cuts by the Federal Reserve that investors have been anticipating...........

The 10-year Treasury yield, a benchmark for mortgage and other loans, soared back above 4.5% as March CPI reaccelerated from the prior month, defying a Federal Reserve hoping for inflation to slow back to its 2% target. The 2-year Treasury yield spiked to nearly 5%.

end snip

and so it goes. The shining light from this is for those who have cash in high-yield savings accounts, you will get a few more months of greater than 5% interest rates.

For those who carry debt, the news isn't good.

 

Thanks to our federal government's poor handling of the peoples money we are all in debt. Our children and their children will be carrying this debt on their shoulders. I'm a retired baby boomer living on a fixed income and enjoying my days as part of the Leisure Class. I feel very bad for young families and anyone who wasted their time and money to get an over priced College Degree. A blue collar trade is where the jobs and money are.

 

Thanks, Joe!

 

Don't worry, someone will be along soon to tell us how great the economy is!

 

Your complaint is that the economy is too hot.

 

This is another flame bait thread, once again using a specific snap shot of news as the basis of economic interpolation. The main cause of last months inflation was gas prices.

 

huh?

try to debunk the facts in the article. I am deeply sorry if the facts disturb you

 

well, the answer is to just not hold folks accountable for the debt the chose to carry. Don't stop with college loans. We should forgive any debt that is held by Democrat voting folks and let non-Democrat voters pay for that debt.

 

Um, "snap shot of news", which you used, and the inflation was due to gas prices. The Dow is currently down 1.10%. at the end of day we will know more and of course there is tomorrow, and my money is on this small slide is no more than a hiccup.

 

ahh, so you moved away from the accusation of "flamebait"

imagine that

 

No I didn't but feel free to make incorrect accusations again. A little over 1% slide is not a doom and gloom indicator which you include in every one of your threads that you create. Going on 4 yrs now !!!

 

I knew that rate cuts were a far stretch. I just don't know how to use that information to make money on Wall Street.

Well, I do have a high-yield savings account, so what money I do have in it is earning me money.

I was looking at credit card offers as I checked my credit score the other day and it was the first time that a card with 28% interest was actually an underestimate rather than a win.

Wall Street has been fooling itself by talking to each other about a rate cut. That isn't going to happen soon. So, there's now a market correction as they have been investing for a rate cut and now must shift to an investment strategy of no rate-cuts anytime soon. I wish I knew what that strategy was because I could be making money on the stock market rather than lose every time I play that game.

 

PS I'm not investing in US Treasuries anymore because I don't view them as a safe investment. The US Congress has played brinksmanship on the debt one too many times and they've lost me.

 

That your excuse?

"Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7%."
https://www.cnbc.com/2024/04/10/cpi...-3point5percent-from-a-year-ago-in-march.html

What has Biden done to increase our domestic oil and gas supplies and production and refining? What policies and programs?

 

Well all you can do is vote for the most fiscally conservative member of Congress you can which by default will be on the Republican side. Just look at Biden's recent budget submission it will make you shiver.

 

Don't use a credit card for debt.

 

I've already shown you that the country has never produced as much oil as it does now.

And that oil imports are lower than when Trump was in office.

 

the Republican run FED is just looking for reasons to hurt the Biden economy, Investors know this

the same Republican run FED that did this under Trump in 2019, before Covid (And there was talk of negative rates)


"Fed Ups Its Wall Street Bailout to $690 Billion a Week as Media Snoozes" Oct 2019

https://wallstreetonparade.com/2019...ilout-to-690-billion-a-week-as-media-snoozes/

and

"The Federal Reserve Has Already Pumped $9-Trillion into Wall Street in the Past Six Months, and Now Is Offering Banks Another $1.5-Trillion" March 2020

https://needtoknow.news/2020/03/the...d-now-is-offering-banks-another-1-5-trillion/

 

please show me where "doom and gloom" was stated in the OP

go on, show us

if you get butt hurt over facts, I cannot help that.

 

dollar-cost-average in ETF's or mutual funds in sectors in which you are familiar. Over a few years, you generally come out ahead.

You could also track what Nancy and her hubby are buying as they know what legislation will help what sectors. Sure, it could be considered insider knowledge but what do you expect from any of those rascals in DC?
https://valueinvesting.io/nancy-pelosi-stock-trades-tracker

 

I never said anything about the validity of the article. As for your false assertions, your constant claim that only low end jobs are available for those who have been laid off is bogus. I get at least 5 emails from recruiters each day. There are millions of tech jobs out there, yet in one post you claimed you know or work with the tech industry.

So yes I am calling out your invalid editorials.

 

The interest on the national debt is coming up on a trillion dollars. Imagine that.

 

Gasoline rose 1.7% in March

Main reason; Ukraine attacks on Russian refineries increased the price of crude

YESTERDAY, I searched all the following info;

1. Our weekly oil production
2. Imports of crude
3. Exports of crude
4. Exports of gasoline
5. Imports of gasoline
6. Daily consumption of gasoline
7. Cushing Stocks
8. SPR
9. Ethanol production
10. Refinery capacity/utilization rate

Thus, I know the numbers, and you don’t.

Conclusion; March increase, the problem isn’t domestic oil production.

 

Some weeks lower, some weeks higher, however, irrelevant due to the fact that U.S. domestic crude oil has become extremely light, and our refineries need heavy crude, or a blend of heavy and light for processing purposes.

 

GEEEZZZ


"Excluding volatile food and energy components, core CPI also accelerated 0.4% on a monthly basis while rising 3.8% from a year ago, compared with respective estimates for 0.3% and 3.7%."


The Stubborn Child of Bidenomics
Inflation runs hotter than expected.

...
Today the Journal’s Sam Goldfarb and Nick Timiraos report:

The consumer-price index, a measure of goods and services prices across the economy, rose 3.5% in March from a year earlier, the Labor Department said Wednesday. That was a touch higher than economists had forecast and a pickup from February’s 3.2%. So-called core prices, which exclude volatile food and energy categories, also rose more than expected on a monthly and annual basis.
“Setbacks on Inflation Are No Longer Just a Blip” reads the headline on a Barron’s dispatch from Megan Leonhardt, who writes:

Wednesday’s higher-than-expected price growth points to a stalling of last year’s momentum in bringing U.S. inflation rates back down to the Federal Reserve’s 2% target…The March inflation data was the third consecutive strong reading…

“Inflation right now is like the stubborn child that refuses to heed the parent’s call to leave the playground,” wrote Jason Pride, chief of investment strategy and research at Glenmede.
https://www.wsj.com/articles/the-stubborn-child-of-bidenomics-7c74fa16?mod=djemBestOfTheWeb