Market Talk
The revised GDP data shows that the economy did indeed slow back when the politicians said we were not in a recession. And inflation is rising. Should we just get used to it? The market is thinking the Fed is done raising interest rates for awhile. Maybe so because it has gotten to the point where everyday people are starting to look for better return rates than the typical bank offers in a savings account. Couple that with bank runs and it adds a bit of risk to the banking industry as evident in recent falling share prices. There has been a flight, at least in the short run, to what is perceived as a "safer" or steady return of higher rate instruments such as the etf mentioned here, USFR.
Stagflation is when the economy is in a recession and yet inflation persists. Perhaps we should be more concerned about our adversary's planning world dominance. Maybe enjoy the Philadelphia 76ers play the Boston Celtics and forget about it today. But remember at the voting booth. Oh, "they" seem to want to eliminate the booth.
Stock Talk
The market is a dicey proposition. I won't bother to opine on prognostication today. However, here is an interesting tidbit that was posted on the business wire a few days ago on Ramaco Resources, Inc (METC). Magnetic rare earth minerals have been controlled by China with mining interests all over in Africa and other such places. A large find here in America in an existing coal mine could help us make a stand in the growing call for magnetic rare earth elements for electric motors.
Major Deposits of Magnetic Rare Earth Elements Discovered at Ramaco Resources Mine in Wyoming
I
close this post by noting that any view on the market and stocks on any
particular day may change the in the future days to come. That is why
we watch and see how our views match up with the reality of the time.
But trying to look ahead a few months into the future may be a way to do
things. If you think too deep about world events and the recent
alliances forming, projecting ahead can be a dicey endeavor. With all
the above caveats and attempted prognostications, I will close this
post.
Stay tuned for more opining on the market and stocks to watch.
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This site does NOT make Buy / Sell recommendations.
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