Off-Topic Stock Market & Crypto Discussion

[90scane]

Inflation can't go away. The US Government needs it to stay somewhat high (2-5%) for years to melt away the $32T deficit. If you really think we see 2% or less then we are heading for an economic meltdown which will bring more government spending.

The sooner the government stops over spending and the FED allows 3-5% inflation, the sooner we can move along with life.

 

[mr.h]

Curious!! How are Defense stocks doing??

Good..I own PPA..

 

[Tony4Canes]

So, good buy for Exxon??

ExxonMobil merges with Pioneer Natural Resources in $59.5 billion deal

Shareholders of Pioneer Natural Resources will receive 2.3234 shares of ExxonMobil for each Pioneer share they own at closing, Exxon said in a statement.

www.foxbusiness.com

 

[mr.h]

So, good buy for Exxon??

ExxonMobil merges with Pioneer Natural Resources in $59.5 billion deal

Shareholders of Pioneer Natural Resources will receive 2.3234 shares of ExxonMobil for each Pioneer share they own at closing, Exxon said in a statement.

www.foxbusiness.com

That gives them upstream, midstream and downstream facilities.

Fed recommending 1 last hike…idiots.
CPI tomorrow

 

[90scane]

Fed recommending 1 last hike…idiots.

Maybe they are just forcing congress to take corrective measures. Election year coming up so we know the pressure will grow a ton if the economy tanks.

 

[mr.h]

08:30		USD	Consumer Price Index (MoM)(Sep) **		0.4%	2.04	0.3%	0.6%
08:30		USD	Consumer Price Index (YoY)(Sep) **		3.7%	1.25	3.6%	3.7%
08:30		USD	Consumer Price Index Core s.a(Sep)		310.66	-	-	309.66
08:30		USD	Consumer Price Index ex Food & Energy (MoM)(Sep) **		0.3%	0.00	0.3%	0.3%
08:30		USD	Consumer Price Index ex Food & Energy (YoY)(Sep) **		4.1%	0.00	4.1%	4.3%
08:30		USD	Consumer Price Index n.s.a (MoM)(Sep)		307.789	4.04	307.386	307.026
08:30		USD	Continuing Jobless Claims(Sep 29)		1.702M	1.65	1.68M	1.672M
08:30		USD	Initial Jobless Claims(Oct 6)		209K	-0.13	210K	209K
08:30		USD	Initial Jobless Claims 4-week average(Oct 6)		206.25K	-	-	208.75K

The most important #’s are marked ***
CPI September Month over month down from last month
Year over Year equal from last month
CPI less food and energy (MOM) equal to last month’s
(YOY) down from last month
I don’t see a spike in CPI…

 

[Tony4Canes]

08:30		USD	Consumer Price Index (MoM)(Sep) **		0.4%	2.04	0.3%	0.6%
08:30		USD	Consumer Price Index (YoY)(Sep) **		3.7%	1.25	3.6%	3.7%
08:30		USD	Consumer Price Index Core s.a(Sep)		310.66	-	-	309.66
08:30		USD	Consumer Price Index ex Food & Energy (MoM)(Sep) **		0.3%	0.00	0.3%	0.3%
08:30		USD	Consumer Price Index ex Food & Energy (YoY)(Sep) **		4.1%	0.00	4.1%	4.3%
08:30		USD	Consumer Price Index n.s.a (MoM)(Sep)		307.789	4.04	307.386	307.026
08:30		USD	Continuing Jobless Claims(Sep 29)		1.702M	1.65	1.68M	1.672M
08:30		USD	Initial Jobless Claims(Oct 6)		209K	-0.13	210K	209K
08:30		USD	Initial Jobless Claims 4-week average(Oct 6)		206.25K	-	-	208.75K

The most important #’s are marked ***
CPI September Month over month down from last month
Year over Year equal from last month
CPI less food and energy (MOM) equal to last month’s
(YOY) down from last month
I don’t see a spike in CPI…

Could you share this in Town Hall Inflation thread? Someone is off on these numbers.

 

[mr.h]

Could you share this in Town Hall Inflation thread? Someone is off on these numbers.

@Tony4Canes …Someone has blocked me from the inflation forum. smh…sorry

 

[mr.h]

Maybe they are just forcing congress to take corrective measures. Election year coming up so we know the pressure will grow a ton if the economy tanks.

These measures will have to be used for election purposes. We can’t withhold paying our bills. Let Republicans and Democrats spell out what they want and let the voters decide. We are just one year away and nothing brought up will change the economy in the short term. The system is broken. No negotiations are going through.

 

[SpikeUM]

These measures will have to be used for election purposes. We can’t withhold paying our bills. Let Republicans and Democrats spell out what they want and let the voters decide. We are just one year away and nothing brought up will change the economy in the short term. The system is broken. No negotiations are going through.

Interest rates and the stock market are about the future, and today's 30 year auction is sobering. So to the extent the government caps or reduces spending, stops debt forgiveness, does no new spending bills, etc., that would be a positive for both markets and would give the Fed cover to stop raising. You simply cant function with a rapidly growing $32 Trillion deficit.

 

[SpikeUM]

@Tony4Canes …Someone has blocked me from the inflation forum. smh…sorry

@JD08 ?

 

[mr.h]

Yahoo finance

September inflation report shows Fed can 'remain patient'​

“Thursday's inflation report came in slightly hotter than projected. But when removing volatile categories like food, energy, and shelter, economists see a downward trajectory, a welcome sign for the Federal Reserve which spent the days before the inflation reading indicating a bias against hiking interest rates in November”.

 

[JD08]

@JD08 ?

@mr.h is allowed back in there. Just don't clutter it up with political crap that belongs in other threads.

 

[SpikeUM]

@mr.h is allowed back in there. Just don't clutter it up with political crap that belongs in other threads.

Gracias!

 

[JD08]

Gracias!

De nada.

Be careful what you ask for, you just might get it.

 

[mr.h]

De nada.

Be careful what you ask for, you just might get it.

I know..it’s just me…lol

 

[TheEye]

I know..it’s just me…lol

WTF are you thinking bringing politics into the Town Hall?!

 

[SpikeUM]

Yahoo finance

September inflation report shows Fed can 'remain patient'​

“Thursday's inflation report came in slightly hotter than projected. But when removing volatile categories like food, energy, and shelter, economists see a downward trajectory, a welcome sign for the Federal Reserve which spent the days before the inflation reading indicating a bias against hiking interest rates in November”.

Step back and follow the logic, not the politics or the PR. Taking food, energy and shelter out of the monthly numbers smooths out the monthly number, BUT at the end of the day, those are the three biggest expenses of almost all households. So when month after month they are higher than the "Core", we still have a big inflation problem.

 

[mr.h]

Step back and follow the logic, not the politics or the PR. Taking food, energy and shelter out of the monthly numbers smooths out the monthly number, BUT at the end of the day, those are the three biggest expenses of almost all households. So when month after month they are higher than the "Core", we still have a big inflation problem.

Yes, but it’s listed that way to eliminate the extreme volatility, beyond our control, due to extreme fluctuations in the short time, not giving an accurate reading. That is why it is calculated using both methods.
If you look at CPI month over month and year over year they are equal or better than the last posting, even if one was fractionally higher than expectations. I believe food prices will drop as people are buying the less expensive alternatives. Most retail stores, including Amazon, are seeing high end purchases dropping and lower end purchases rising…[supply and demand].
JMO as there were mixed reactions of yesterdays numbers.

 

[561caneforever]

Yes, but it’s listed that way to eliminate the extreme volatility, beyond our control, due to extreme fluctuations in the short time, not giving an accurate reading. That is why it is calculated using both methods.
If you look at CPI month over month and year over year they are equal or better than the last posting, even if one was fractionally higher than expectations. I believe food prices will drop as people are buying the less expensive alternatives. Most retail stores, including Amazon, are seeing high end purchases dropping and lower end purchases rising…[supply and demand].
JMO as there were mixed reactions of yesterdays numbers.

That is a bunch of BS right there.