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The Dow Jones seems to have a ceiling set since the close of April 3rd. Do we ever rise above it?
 
10:00 USD CB Consumer Confidence (Apr) 86.0 87.7 93.9
10:00 USD JOLTS Job Openings (Mar) 7.192M 7.490M 7.480M

April consumer confidence down-covid level low
March jolt job openings down
 
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mr.h said:
10:00 USD CB Consumer Confidence (Apr) 86.0 87.7 93.9
10:00 USD JOLTS Job Openings (Mar) 7.192M 7.490M 7.480M

April consumer confidence down-covid level low
March jolt job openings down
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Could this lead to lower inflation?
 
SpikeUM said:
The 2 year down today to 3.65% is huge, implying 2-3 rate cuts from the Fed. The 10 year down to 4.17% is also huge for home mortgages.
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Kinda hope equities sell into FOMC. Pretty sure Jerome gonna do the "no cut today, but *wink* am bringing the big scissors next meeting" presser. He and Trump have had their ****ing match, so I also don't see him sounding anything like he did at the central banker confab.
 
TheEye said:
Could this lead to lower inflation?
Click to expand...

I had an interesting chat with someone who imports a lot from China, mostly real estate related (lightbulbs, mirrors, toilets, kitchens, etc).

He mentioned that he bought a lot from his China vendors before the tariffs to avoid the costs and any shortages, and that many of the manufacturers were already moving their operations to other countries (Vietnam mostly in his case), where the labor was even cheaper. So in his opinion, any inflation/shortages would be temporary (this mostly applies to China and their lower end goods).
 
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SpikeUM said:
I had an interesting chat with someone who imports a lot from China, mostly real estate related (lightbulbs, mirrors, toilets, kitchens, etc).

He mentioned that he bought a lot from his China vendors before the tariffs to avoid the costs and any shortages, and that many of the manufacturers were already moving their operations to other countries (Vietnam mostly in his case), where the labor was even cheaper. So in his opinion, any inflation/shortages would be temporary (this mostly applies to China and their lower end goods).
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I have heard tell of these stories. Moving factories to India. Other countries backdooring Chinese products into the US.
The question is, how long is the transition. I was trying to explain my real estate concerns on tariffs in the Town Hall before the election, but I got shouted down and accused of lying.
 
Yahoo Finance

US economy contracts at 0.3% rate in Q1, first pullback in three years
GDP- -0.3
ADP employment-62K
Meta and Microsoft earnings this afternoon
 
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TheEye said:
I have heard tell of these stories. Moving factories to India. Other countries backdooring Chinese products into the US.
The question is, how long is the transition. I was trying to explain my real estate concerns on tariffs in the Town Hall before the election, but I got shouted down and accused of lying.
Click to expand...

Thats the reason I clarified China and lower end goods. China is no longer the low cost producer and of course there is lots of political risk, so the tariff situation gave companies an excuse to move their operations.

According to my guy (who is uber smart and uber successful), moving lower end factories is not a huge undertaking and can generally be done in 6-8 weeks (and has already started). However, that does not apply to upper end goods and other countries.
 
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