Happy Friday! If you're looking for something to read, and you like the Steampunk genre, here's a book recommendation. #CoSoFiction https://www.amazon.com/Gods-Steam-Sean-Brodrick-ebook/dp/B0BWSXT4LG/ref=sr_1_1
This morning, traders started pricing in a 5.5% fed funds rate by September. For reference, the Fed Funds rate is currently 4.5% to 4.75%. I believe traders are still too optimistic, and the Fed will likely go to 6%. #CoSoFinance
The market is a grand casino, to be sure. My bet is the S&P 500 $SPX rallies today after testing its 200-day moving average. That does not mean it is out of the woods. It's rare to break through the 200-day MA on the first try. The bigger test will be that uptrend I've marked. #CoSoFinance
An explainer for those who don't know the lingo (believe me, you're better off). M2 calculates aggregate currency and coins held by banks, travelersโ checks, balances in retail money-market funds, savings deposits, and more. January data shows a negative growth rate of 1.7% versus a year ago, the biggest year-over-year decline on record #CoSoFinance
January's M2 money supply data shows a negative growth rate of 1.7% versus a year ago, the biggest year-over-year decline on record and the first time it has contracted in back-to-back months. This does not mean the Fed is done hiking; far from it. #CoSoFinance https://www.barrons.com/articles/m2-money-supply-federal-reserve-53c64103?mod
Dutch #earthquake researcher Frank Hoogerbeets, who accurately predicted the Turkey earthquake three days earlier on Feb. 6, now says a mega-earthquake of magnitude 7 to 8 may occur in the first week of March, possibly on the west coast of North America,
Bloomberg: "Despite representing less affluent districts, the Republican Party has shown no interest in representing less affluent interests". But hey, at least those poor crackers get to own the libs, right? #Politics https://www.bloomberg.com/opinion/articles/2023-03-01/poor-voters-are-losing-out-in-the-culture-wars
Elon's plan to make Twitter pay for itself isn't going so well. https://www.bloomberg.com/opinion/articles/2023-02-28/sorry-twitter-elon-musk-found-his-next-shiny-object
@RealSeanBrodrick @Alfred Sorry, Rupert beat you to it.
@sfleetucker @Alfred Well, my followup question to @Alfred was going to be if naming my Republican-Snowflake-Tears Doomsday Device "Fox Something" would be redundant. ๐ But @Alfred has been curiously quiet on the topic. Answers! I need answers!
@Les76 @Nerdsleaze Nice to see someone my own age on the kids' playground. ๐
@RealSeanBrodrick @Nerdsleaze
I, as well, found a woman being cast as a young boy peculiar but then, suspended disbelief and enjoyed the play.
Putin is such a scab. Lol
In a world gone mad with chaos and blood, one man stands alone against the forces of evil. That man is Sean Brodrick #finance #stocks #resources