The market opened lower, and it's been downhill since. Bond yields are higher, but there are other issues gnawing at investors. The hijinks in Washington, DC are so trying and old. The Democrats are going to get a deal somewhere between $1.5 and $3.5 trillion on spending. But I'm beginning to wonder if it might cost Jay Powell his job, as progressives will demand something for agreeing to a smaller package.
Certainly Senator Warren slammed the Fed chairman in the most embarrassing way today.
Inflation is an issue, but the consumer confidence report was a big miss, mostly because of the Delta variant and worries about the economy slowing.
On that note, I think it's a mistake to taper now and have to bring it back early next year.
Make sure you have some cash and stand by to make a move. If you are not a current subscriber to our premium Hotline service, email Info@wstreet.com to get started today.
Products & Services |
In The Media |
About Us |
All Rights Reserved.