@theMarket: Moving Forward After Tumultuous Stock Market WeekBy Bill Schmick,
04:22PM / Friday, September 30, 2022 | |
Stocks have made new yearly lows this week as fears of declining corporate earnings, higher interest rates, and a climbing dollar sent investors running for the hills. As we enter October, another relief rally may be in the offing.
This week, the countertrend bounce I predicted in the early part of the week happened on Wednesday. It was triggered by events in the United Kingdom. A sell-off in the Gilts (bond) market over there had reached such epic proportions this week that the Bank of England stepped into calm markets. The UK bond market rallied a record 5.6 percent and the global markets rallied with it. The U.S markets bounced as well with the S&P 500 Index gaining 0 Comments
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The Retired Investor: Can Neighborhood Ice Cream Man Keep Trucking?By Bill Schmick,
04:13PM / Thursday, September 29, 2022 | |
The demise of the neighborhood ice cream truck business has been predicted several times over the years. Higher costs, new delivery methods, and lots of competition from grocery stores and other sources threaten the business. But don't count them out quite yet.
Earlier this summer, The New York Times published an article, "Melting Profits Threaten the Ice Cream Man," which prompted me to delve a little deeper into this business on the local level.
Nationally, most ice cream vendors are individual entrepreneurs who lease their trucks from a regional company on a yearly basis. Many lessees also buy their ice cream products from the same company. 19 Comments
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@theMarket: Stocks Drop as Fed Delivers Same Dire MessageBy Bill Schmick,
03:25PM / Friday, September 23, 2022 | |
It was another "read my lips" moment for equity investors. Federal Reserve Chairman Jerome Powell out hawked the hawkish as he reiterated the Fed's tightening stance on monetary policy after the Federal Open Market Committee meeting on Sept. 21.
That should come as no surprise for those reading this column every week. A 75-basis-point hike, which was expected, was followed by a promise to continue raising interest rates higher, and longer than investors expected.
The eventual terminal rate where investors hope the tightening will be done, has now ratcheted higher to 4.6 percent. Expectations are now set for another 75-basis point increase in 0 Comments
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The Retired Investor: The Dishwasher DebatesBy Bill Schmick,
04:12PM / Thursday, September 22, 2022 | |
In most new homes there is a litany of appliances that buyers almost automatically purchase, one of which is the dishwasher. While ovens, refrigerators, washers, and dryers are used almost daily, the dishwasher is among the least-used appliances in American homes.
The global dishwasher market is well over $7 billion and projected to grow by 7.5 percent to $10 billion by 2025. Much of that future growth is due to smaller-sized food service organizations. This list includes companies, businesses, institutions, and organizations that prepare meals and serve them to consumers and other customers. Of course, restaurants, cafeterias, hotels, and catering businesses are included 0 Comments
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@theMarket: Consumer Price Index Triggers Market DeclineBy Bill Schmick,
03:33PM / Friday, September 16, 2022 | |
Sticky inflation, as represented by Tuesday's Consumer Price Index (CPI), caught most investors off guard. The resulting equity market rout drove the three main averages down over 4 percent. It was the worst market day in more than two years. Is the selling over?
I doubt it. The rampage lower spared few stocks. The dollar soared higher and most commodities as well as precious metals plummeted. That's what happens when you get everyone on one side of the rowboat.
Many analysts, traders, economists, and retail investors had bid up stocks in the days prior to the report in anticipation that the CPI would result in a cooler inflation print. The opposite 0 Comments
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