We are back to thinking that changing the time gives us more daylight and saves on our electric bill.
How about getting up earlier and adjusting the thermostat.
It is amazing what’s sold to the public. But then again, that is why this world has some many con artists. Gullibility seems to have no limits when it comes to greed, which is synonymous with laziness and stupidity.
Please excuse my grumpiness but getting up an hour earlier and becoming another year older is not a good mix for being happy.
Getting back to the subject at hand, the markets had a setback last week.
Most point out that market leaders, aka Nvidia, have run too far.
We got good job numbers Friday and we will get both CPI and PPi this week.
The Fed is caught in a trap with wanting to fight inflation, but not hurting the economy.
I really don’t believe they will get to 2% inflation.
That means the earliest rate cut has been moved out to June.
Not sure that is a reality, but they will cut just to cut sometime this
year.
The cost of goods has significantly increased and it won’t give it back.
A friend in the restaurant business explained that prices may come back a bit, but they never go all the way back and then they move up again.
It is essentially a stair-step effect.
The problem for most is that salaries don’t keep up. Moreover, there will be tax increases to pay off the ever-increasing debt. Government is the only thing that does not tighten their belt.
Many analysts are watching retail companies’ reporting this week to see if consumers are still spending.
I see little sign of people cutting back.
I am not sure how long this can go on as it seems inevitable that the musical chairs game will have the music stop without enough chairs.
On a very positive side of investing, Bitcoin has climbed to $72,000.
It was literally almost half that level less than six months ago.
You could say that about a several technology stocks, which have doubled in price since October.
The whole AI scenario has been jet fuel for the stock market.
There are some warning signs akin to what happened in 2000.
Not to say one should panic, but a bit of concern is never a bad thing.
A pullback by the leaders may just be what the broader market needs to sustain or at least prop up this market.
I do know that spring is in the air, wild flowers are blooming, SXSW has kicked off and St Paddy’s day is just around the corner so I will hope for the best and try not to keep looking over my shoulder.
Reality never will go away, no matter how Pollyanna I want to portray.
