Pre-2020 U.S. election...
Post-2020 U.S. election...
UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. Oct. 20 @ 2:00 pm ET - Beige Book Report
* Tues. Oct. 26 @ 10:00 am ET - CB Consumer Confidence
* Fri. Oct. 29 @ 8:30 am ET - Core PCE Price Index m/m Data
* Wed. Nov. 3 @ 2:00 pm ET - FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET - Fed Chair Press Conference
* Fri. Nov. 5 @ 8:30 am ET - Employment Data
* Tues. Nov. 9 @ 8:30 am ET - PPI m/m & Core PPI m/m Data
* Wed. Nov. 10 @ 8:30 am ET - CPI m/m & Core CPI m/m Data
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Consumer Sentiment
* Fri. Nov. 12 @ 10:00 am ET - Prelim. UoM Inflation Expectations
* Tues. Nov. 16 @ 8:30 am ET - Retail Sales & Core Retail Sales Data
* Wed. Nov. 24 @ 2:00 pm ET - FOMC Meeting Minutes
*** CLICK HERE for link to Economic Calendars for all upcoming events.
Inflation is up. We don't know how long it will keep going up. At some point it will stop. But, prices will not go back down. 😕
LOL...that's his definition of 'transitory!'
Say goodbye to lower and middle-class America and small business owners...trying to recover from the world-wide crippling pandemic in the midst of all this rising inflation.
No wonder some members of Congress are fed up with all of this nonsense...I wonder why all of them aren't fed up and speaking out? Don't they care about their constituents?
In fact, why are any Republicans participating in any negotiations on any of Biden's legislative bills in the Senate (e.g., infrustructure) BEFORE insisting that he fix his border crisis, including finishing building the wall? How do they think they'll ever get a handle on ending the COVID pandemic until their southern border is secured, as it was when President Trump left office in January?
Biden completely wiped out all of Trump's border policies, even though they were working! How is that a smart or responsible action by the President, who is supposed to be in charge of national security and ending the COVID pandemic, and why is he ignoring those duties??? 😕
At what point do President Biden's executive orders and policies become a dereliction of duty and a national security threat?
I wouldn't count on the Democrats and Biden holding onto power...who are more interested in stoking racism against Jewish, Asian and Caucasian Americans and turning a blind eye to out-of-control violent riots and rampant crime sprees and murders that have been plaguing hundreds of cities across America since the summer of 2020, while their Mayors defund the police and their District Attorneys and prosecutors fail to incarcerate and prosecute these criminals (who continue to commit more horrific crimes), as well as Judges who fail to sentence criminals accordingly. Kamala Harris (Senator at the time) even urged people to donate to a bail fund for rioters last summer!
Seriously...what the hell is wrong with all of these politicians! It seems they're lying when they agree to uphold the laws when they're sworn into office following their election.
God help Americans and protect their security, freedom, liberty and the pursuit of happiness, to which they're entitled under their Constitution...because it seems as though Joe doesn't want that job after all.
Vintage Joe Biden: No doubt, this will be a shocking revelation for the thousands of Haitians who've recently entered the U.S. illegally via the southern border, with tens of thousands on the way, as I write this.
As we know, leopards don't change their spots, so it makes me wonder what his plans are for all of them...will he welcome and re-settle them all in his home state of Delaware, or will he dump them elsewhere? 🤔
Don't hold your breath that you'll ever see any of them in any Delaware neighbourhoods...instead, they're coming to yours.
Whether or not you should receive a COVID-19 vaccine is a private matter that is best discussed with your own doctor (who is familiar with your medical history).
That's what the Biden administration should be recommending and pursuing...not the policing and censoring of 'opinions' posted by every 'Tom, Dick and Harry' on those sites!
By the way, if you're wondering why people may be skeptical of taking a vaccine, take a look at this Twitter thread of past tweets when everyone from Joe Biden to Bill Gates (and, especially, the media) were questioning and/or denouncing it (simply because it was being developed by the drug companies during former President Trump's administration as part of their 'Operation Warp Speed' program)...none of whom ever did thank him for leading this monumental effort to combat this 'frankenvirus.'
* See UPDATE below...
A bit of humour provided while waiting for the SPX to roll over...
The diverging RSI, MACD, and PMO indicators, as well as the ratio price, on the SPX:VIX ratio are not confirming the rally in the SPX (from June 21)...something I reported on in my post of June 20...so, I'm thinking this latest rally may be a 'dead cat bounce,' and about to turn around.
However, as we know, markets have a habit of baiting, trapping and surprising.
So, we'll see what happens, and whether traders are at all bothered by inflation data.
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