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Off-Topic Stock Market & Crypto Discussion

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JD08 said:
I want mortgage rates to come down. This won't help.
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I’m not expecting rates to drop anytime soon. If they do, I’m ready to refi BUT my expectation is for higher rates for many years. Heck, 6.5 could be the new floor. If I see any rates below 6, I’m jumping on a refi!
 
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90scane said:
I’m not expecting rates to drop anytime soon. If they do, I’m ready to refi BUT my expectation is for higher rates for many years. Heck, 6.5 could be the new floor. If I see any rates before 6, I’m jumping on a refi!
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I suspect you're right. Right now, I'll be happy if we stay below 7 for 6 months or so.
 
90scane said:
I’m not expecting rates to drop anytime soon. If they do, I’m ready to refi BUT my expectation is for higher rates for many years. Heck, 6.5 could be the new floor. If I see any rates below 6, I’m jumping on a refi!
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With our debt, I would agree for the medium and term term, but as I have mentioned before, I dont really trust the data like I used to, especially employment which has been continually revised down, so short term I could see a drop with all of the layoffs, bankruptcies, etc. and I would definitely jump on that.
 
SpikeUM said:
With our debt, I would agree for the medium and term term, but as I have mentioned before, I dont really trust the data like I used to, especially employment which has been continually revised down, so short term I could see a drop with all of the layoffs, bankruptcies, etc. and I would definitely jump on that.
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What do you consider short, medium, and long terms?

My old primary I've dropped the price twice $50k each month. I'm still not seeing tons of activity but it does have a unique style which has been the #1 feedback for why they aren't interested. Overall, the RE market in Richmond is doing fine with many cash investors buying up deals.
 
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Nvidia after the bell
Trump tells Apple to drop diversity policies
Consumer confidence down
 
story of our times not reading that GIF by Trevor Moore


5-Bullet Points??

Lol
 
90scane said:
What do you consider short, medium, and long terms?

My old primary I've dropped the price twice $50k each month. I'm still not seeing tons of activity but it does have a unique style which has been the #1 feedback for why they aren't interested. Overall, the RE market in Richmond is doing fine with many cash investors buying up deals.
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Big picture, under 2-3 years is usually considered short term and 3-7 yrs intermediate. What I am thinking though is a 2025 event.....
 
I like to consider an idea first, and then determine whether to invest or avoid like the plague. California and ESG funds are in the latter category, and so is Europe, which has been uninvestable for most of this CENTURY. They might finally be getting the message though:

“The global reality has evolved, and we may need to think to what extent these things that were there need to be updated,” European Commission vice-president Teresa Ribera told the Financial Times. Ribera on Wednesday will set out the Commission’s plan for how to strike that balance between sticking to climate goals and improving the continent’s flagging competitiveness. Another area of action will be to drastically cut the number of small and medium companies affected by existing environmental regulations, reducing their reporting requirements and giving businesses more time to comply with the revised rules.
 
USD Core Personal Consumption Expenditures - Price Index (MoM) (Jan)
0.3% 0.00 0.3% 0.2%
13:30
USD Core Personal Consumption Expenditures - Price Index (YoY) (Jan)
2.6% 0.00 2.6% 2.9%
13:30
USD Goods Trade Balance (Jan) PREL
$-153.3B -4.79 $-114.7B $-123B
13:30
USD Personal Consumption Expenditures - Price Index (MoM) (Jan)
0.3% 0.00 0.3% 0.3%
13:30
USD Personal Consumption Expenditures - Price Index (YoY) (Jan)
2.5% 0.00 2.5% 2.6%
13:30
USD Personal Income (MoM) (Jan)
0.9% 3.59 0.3% 0.4%
13:30
USD Personal Spending (Jan)
-0.2% -2.50 0.1% 0.8%
13:30
USD Wholesale Inventories (Jan) PREL
0.7% 2.37 0.1% -0.4%

Personal consumption expenditures as expected
Personal income is up
Personal spending from last month is down
Wholesale inventories up.
The world is going to **** and all Americans are worried about is the price of eggs…..lol
 
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This Week's Major U.S. Economic Reports & Fed Speakers
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, MARCH 3
9:45 am S&P final U.S. manufacturing PMI Feb. -- 51.6
10:00 am Construction spending Jan. 0.1% 0.5%
10:00 am ISM manufacturing Feb. 50.6% 50.9%
12:35 pm St. Louis Fed President Musalem speaks
TBA Auto sales Feb. -- 15.6 million

TUESDAY, MARCH 4
2:20 pm New York Fed President Williams speaks
TBA Richmond Fed President Barkin speaks

WEDNESDAY, MARCH 5
8:15 am ADP employment Feb. 143,000 183,000
9:45 am S&P final U.S. services PMI Feb. -- 49.7
10:00 am Factory orders Jan. 1.6% -0.9%
10:00 am ISM services Feb. 52.9% 52.8%
2:00 pm Fed Beige Book

THURSDAY, MARCH 6
8:30 am Initial jobless claims March 1 243,000 242,000
8:30 am U.S. productivity (final) Q4 1.2% 1.2%
8:30 am U.S. trade deficit Jan. -$100B -$98.4B
10:00 am Wholesale inventories Jan. 0.3% -0.5%
3:30 pm Fed Governor Christopher Waller speaks
7:00 pm Atlanta Fed President Bostic speaks

FRIDAY, MARCH 7
8:30 am U.S. jobs report Feb. 160,000 143,000
8:30 am U.S. unemployment rate Feb. 4.1% 4.0%
8:30 am U.S. hourly wages Feb. 0.3% 0.5%
8:30 am Hourly wages year over year 4.1% 4.1%
 
This week: The February jobs report out Friday is expected to show hiring rose modestly last month while the unemployment rate held steady at 4%.
 
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