InvestorsHub Logo


Followers 85
Posts 7169
Boards Moderated 6
Alias Born 12/18/2012


Re: None

Thursday, 05/04/2023 11:42:16 AM

Thursday, May 04, 2023 11:42:16 AM

Post# of 993
Rolling rolling rolling, keep those wagons rolling. The banking issue surprised everyone? Gee, after a one day non-event of a trillion dollars? Shocking. Shocking this market is Obtuse. But the real reason is this:
1 - Debt Ceiling default countdown.
2 - Quarterly non-farm productivity PLUNGED down 2.7%
3 - Unit labor Costs for Quarter SURGED to 6.3%

That and labor being so tight there is NO WAY Inflation pressures ease. NO WAY!

The 40 years of disinflation bets will destroy every single asset class. Street is begging for a rate cut this year.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.