Trump’s Treasury Choice Bessent Tells WSJ Tax Cuts a Priority…
What Does It Mean – Scott Bessent, Trump’s Treasury Secretary nominee, prioritizes tax cuts, spending reductions, and maintaining the dollar’s status as the world’s reserve currency. Bessent supports using tariffs as economic tools but advocates for a gradual approach to trade restrictions. His nomination has been well-received by Wall Street, with markets responding positively. Bessent’s main challenges include managing the Treasury’s vast bureaucracy and adapting to Trump’s unconventional policies. He aims to balance Trump’s aggressive economic proposals with pro-business policies, ensuring stability in financial markets.
Bond Market Halts Brutal Run as Buyers Pounce on 4.5% Yields…
What Does It Mean – The bond market experienced a significant shift as investors capitalized on 4.5% yields, halting a prolonged period of declining prices. This surge in demand was driven by expectations of stable interest rates and a potential economic slowdown. The influx of buyers led to a stabilization of bond prices, particularly in long-term Treasuries. Analysts suggest that this trend may continue if economic indicators point towards a recession, prompting further investment in bonds as a safe haven. The market’s response underscores the sensitivity of bond yields to macroeconomic conditions and investor sentiment.
Goldman’s Rubner Says US Stocks Are Set to Rally Into Year-End…
What Does It Mean – Goldman Sachs’ Scott Rubner predicts a year-end stock rally, driven by favorable market conditions and investor sentiment. He anticipates a 4% gain in the S&P 500, starting this week and continuing through the end of the year. Rubner attributes this optimism to strong economic indicators, reduced inflationary pressures, and robust corporate earnings. He also highlights the potential for increased market liquidity as investors reposition their portfolios for the new year. This forecast aligns with historical trends of year-end rallies, suggesting a positive outlook for equities in the near term.
Amazon’s Moonshot Plan to Rival Nvidia in AI Chips…
What Does It Mean – Amazon is developing its own AI chips to compete with Nvidia, aiming to enhance its AWS cloud services. These chips are designed to optimize AI workloads, offering higher performance and efficiency. Amazon’s strategy includes integrating these chips into its infrastructure to reduce dependency on Nvidia and provide customers with more options. The move is part of a broader effort to advance in the AI and cloud computing markets. Challenges include achieving competitive performance and managing the transition for existing customers reliant on Nvidia’s technology.
New Hampshire shelter faces enor-mouse problem after man surrenders nearly 1,000 rodents…
A group of mice is called a nest, but what do you call 1,000 of them in one animal shelter?
“Crippling,” said Lisa Dennison, executive director of the New Hampshire Society for the Prevention of Cruelty to Animals, which is scrambling to care for an overwhelming influx of rapidly reproducing rodents.
It all started Monday when a man arrived saying he wanted to give up 150 mice. But then he clarified: 150 containers of mice, not individual critters. He had 73 mice with him that day, and by Friday morning, about 450 had been transferred to the shelter. Another 500 or so were on the way.
Lined up nose to tail, they’d span more than a football field. There’s enough to give one mouse to every member of the U.S. Congress and the 424-member New Hampshire Legislature combined. And the total is growing thanks to some basic biology. Female mice are sexually mature at roughly six weeks old, gestation lasts about 20 days, and they can mate again 24 hours later.
“Even in the short time that we’ve had them, many of these mice have given birth,” Dennison said. “It’s an exponential problem that keeps growing.”
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What do you do?” ~ John Maynard Keynes
Our plan is “the plan will change.”
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Relative strength measures the price performance of a stock against a market average, a selected universe of stocks or a single alternative holding. Relative strength improves if it rises faster in an uptrend, or falls less in a downtrend. It is easily applied to individual positions in your portfolio and to sectors and asset classes.
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