Share prices down 2% or more. People sold there Tech alot of commoditys today.
REITS were one asset class up today and yesterday. Bonds were up if they were short dated bonds and of course cash was doing ok too.
It looks like the inflation numbers were expected and people dont believe the Fed will cut rates anytime soon..
I think it maybe sooner than people think and that could hit the USD although not soon.
I think a weak dollar may come next month but not today but who knows...
I believe we will get a brief bond market rally but am not convinced it will last long.
Longer term the government will wont to debase the dollar but I think it will not go smoothly. .
So there will plenty of time to see a strong dollar but im not sure, markets are do volatile now.
With gold down over 4% it make me think the doller will rally but it didnt do much today.
The dollar is over bought but for how long I dont know.
In other news.
In other news its getting harder to find a full time job.
Wages arent really going up.
Its getting harder to find a full time job.
The best you can do is when your employed is max out 401K contributions and the same with ROTH contributions.
And hope you can get enough contributions built up to recieve enough monthly dividend income and bond income to pay the basic bills.
If thats not enough move to S.E. Asia and get a cheap place there and build up an online income to save for emergencies and then to build up dividend income. Assuming theres no exchange controls coming.
Tomorrow is Thursday it will be interesting to see how markets open and if we get another sell off before Friday when we get the SpaceX IPO.
Thankd for reading.
No comments:
Post a Comment