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nycfan said:


“… White House press secretary Karoline Leavitt also accused the BLS of having “failed the American people,” but said the report showing the U.S. economy added 911,000 fewer jobs than previously reported between April of last year and March of this year proves “that President Trump was right: Biden’s economy was a disaster and the BLS is broken.”…

… The BLS released a preliminary report Tuesday that found employers added 849,000 total jobs for the year ending in March, opposed to previous data that showed 1.76 million new jobs. The Treasury Department and analysts at major U.S. banks predicted the revision, which was slightly higher than the revision issued for last year’s annual data, when the BLS lowered jobs growth by 818,000 jobs….”



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The erroneous data proves Trump was right about everything.
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Well of course, blame Biden is their go to move.
 
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🎁 —> https://www.wsj.com/economy/central...b?st=NVVKfi&reflink=desktopwebshare_permalink

“… Cobb said Cook is “substantially likely” to succeed on her claim that Trump violated the Federal Reserve Act because her purported termination didn’t comply with the statute’s requirement that officials can only be removed for cause.

“Removal was not meant to be based on the President’s assumptions about the official’s future performance as extrapolated from unproven conduct dating from before they assumed the office,” Cobb wrote.
 


The producer price index—measuring costs across several goods and services—decreased 0.1% in August from July, the Bureau of Labor Statistics reported, after economists expected a 0.4% rise, according to FactSet.
 


“… Chinese importers have booked around 7.4 million metric tons of mainly South American soybeans for October shipment, covering 95% of China's projected demand for the month and 1 million tons for November, or about 15% of expected imports, according to two Asia-based traders

By this time last year, Chinese buyers had booked around 12 million to 13 million tons of U.S. soybeans for September-November shipment, said one of the traders, who is based in Singapore at an international trading company.
The U.S. normally ships most of its soybeans to China between September and January, before Brazil's harvest hits the market, but Chinese buyers have yet to book any U.S. cargoes for the new crop year, according to traders tracking shipments.…”
 
UNCatTech said:
Just trying to determine when to move to cash.
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You have a choice at this point :

Ride the stock market sugar high with the rate cuts coming from the Fed this month ?
Prepare for the real economy that is likely to sink into a recession some time next year ?

If you want to preserve capital then move to cash
If you are young enough to recover from a market decline that you will suffer in the inevitable recession next year, then you could take a risk to ride the sugar high this year.

I am 73 years old and have been 50% in cash since Trump won the election. Until the "surge" in the stock market of late my cash outpaced the market. I will stay with 50% in cash knowing I will likely miss out on the market rocket ride over the next few months. That said, I do entertain the FOMO but have resisted that impulse throughout my investing life :cool:
 
heelinhell said:
You have a choice at this point :

Ride the stock market sugar high with the rate cuts coming from the Fed this month ?
Prepare for the real economy that is likely to sink into a recession some time next year ?

If you want to preserve capital then move to cash
If you are young enough to recover from a market decline that you will suffer in the inevitable recession next year, then you could take a risk to ride the sugar high this year.

I am 73 years old and have been 50% in cash since Trump won the election. Until the "surge" in the stock market of late my cash outpaced the market. I will stay with 50% in cash knowing I will likely miss out on the market rocket ride over the next few months. That said, I do entertain the FOMO but have resisted that impulse throughout my investing life :cool:
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I'm 57, so I don't want the risk of a recession. I'm not sure if I could wait it out.
 
UNCatTech said:
I'm 57, so I don't want the risk of a recession. I'm not sure if I could wait it out.
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Depending upon when you plan to retire and under a normal economic cycle you could probably ride out a normal recession or even a Bush great recession where investments recovered over 2 years thanks to Obama.

The wildcard is how much havoc our economically clueless president will impact the economy over the next 3 years...and maybe longer

I retired in 2007 at 55yo to help the missus be the day care center for our newborn grandson. The stock market was cooking !

I remember when the economy crashed I sat down with the missus and let her know I may have to go back to work. I decided to hunker down and stay with my investments and pray that Obama would save the economy and that our investments would recover. Thankfully, as always, a Democratic president rescued America and I didn't have to come out of retirement and my investments recovered.

Today the stock market may start cooking, but I'm not confident that another Democratic president will be coming to rescue America in 2028 so I'm holding on to my cash and hoping I won't have to take it in a wheelbarrow down to the ABC store to buy a half gallon of vodka.
 
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