The Retired Investor: Thanksgiving Dinner May Be Slightly Cheaper This YearBy Bill Schmick,
04:49PM / Thursday, November 21, 2024 | |
After several years of price increases, consumers have come to expect that the typical Turkey Day dinner will cost more this year. Depending on how astute a shopper you are, you could get away with paying less this year.
Some items on your dinner agenda may be more expensive than in 2023 but others may have dropped in price. The price may also depend on where you shop and whether you insist on buying only name brands or are willing to buy store brands instead.
Every year since the COVID pandemic, grocery store prices and costs have been going up with the largest contributors to the cost being transportation, labor, and climate change. In 2020 (plus-3.5 0 Comments
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@theMarket: Profit-Taking Trims Post-Election GainsBy Bill Schmick,
03:03PM / Friday, November 15, 2024 | |
A 5 percent gain in nine days on the benchmark S&P 500 Index was met by profit-taking. Traders booked gains in Trump trades as some had second thoughts about continued upside. Who can blame them?
The conviction by many that happy days are here again (or will be by next year) sent markets through the roof in a frenzy of FOMO-generated trades. Technology took a back seat for a change as small-cap stocks soared on the belief that tariffs would force consumers to buy made-in-America products from American companies.
Smaller capitalization companies are distinctly American and are listed on the Russell 2,000 Index. Traders know that a good 40 percent of these 0 Comments
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The Retired Investor: Jailhouse StocksBy Bill Schmick,
04:40PM / Thursday, November 14, 2024 | |
Investors appear to be "dancin' to the Jailhouse Rock" ever since the election of President-elect Donald Trump. Private prison stocks have roared back to life as the deportation of immigrants becomes a reality.
Day One, according to the Trump team, the new administration will launch its promised plan to deport millions of illegal immigrants. Criticisms that the cost of such an endeavor would bankrupt the country have gone largely unheeded. Trump has responded that he has "no choice" and "no price tag" when it comes to what the media terms as the largest deportation in U.S. history.
Wall Street believes that the 0 Comments
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The Retired Investor: The Trump TradesBy Bill Schmick,
04:20PM / Thursday, November 07, 2024 | |
Now that the election is over and a clear winner has emerged, it is time to take a closer look at how investors perceive the winners and losers in the weeks and months ahead. It appears that the economy was the top concern of voters and therefore Trump's future actions within the economy will be important.
In the last month, there was speculation on Wall Street that Donald Trump would win the presidency. Certain areas of the financial markets nicknamed the "Trump trade" started gaining momentum.
Certain sectors saw gains while others experienced losses. Investors base their decisions on the actions of his past presidency and his statements and 0 Comments
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@theMarket: Will Election Fears Trigger More DownsideBy Bill Schmick,
02:12PM / Friday, November 01, 2024 | |
Tuesday's presidential elections and the Fed's decision on interest rates have traders rushing to hedge their portfolios or go to cash. It is a little late in the day to take such action.
Over the last few weeks, I have been warning readers that the days surrounding the election could prove to be volatile. That situation appears to be taking center stage as we close this week's trading. I also urged investors not to get caught up in the panic and I hope you listened.
We are no further along in predicting the election outcomes than last month. The only thing we do know is that the race is too tight to call, and the popular vote will not be a 0 Comments
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