The stock market

[Everything Woke Turns To Shit]-45

[Everything Woke Turns To Shit]-45

I don't even think he's human anymore. Him and jack dorsey from twitter are like f'in cyborgs that have been assimilated. This whole push to the metaverse is insanity.

[URL unfurl="true"]https://www.yahoo.com/finance/news/u-road-1950s-style-unemployment-111418196.html[/URL]

[[IMG alt="Reuters"]https://s.yimg.com/ny/api/res/1.2/tMoAFlP_ZOG3JMrIhrjnuQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNjtoPTQ4O2NmPXdlYnA-/https://s.yimg.com/os/creatr-uploaded-images/2020-11/62e21440-2fbd-11eb-95ff-5673fa3d2f9f[/IMG]]('http://www.reuters.com/')
[HEADING=2]U.S. on the road to 1950s-style unemployment, but it may only be a pit stop[/HEADING]
Howard Schneider
Mon, February 7, 2022, 3:14 AM

*WASHINGTON (Reuters) - The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner.

While the circumstances were unusual, it nonetheless presented a now-familiar pattern - a falling unemployment rate eventually giving way to recession - that current Fed officials will be challenged to avoid as they try to slow the fast pace of inflation without wrecking an expansion that is delivering strong gains for workers.

Emblematic of the current confidence in the job market's strength, St. Louis Fed President James Bullard last week said he expects the U.S. unemployment rate to fall below 3% this year. That flashback to the 1950s in itself would be a warning for some economists.

Such a low unemployment rate is "a red flare" that the economy is overheating, with fast price and wage increases that are unavoidable and the U.S. central bank pushed to be more aggressive, said Tim Duy, a University of Oregon professor and the chief economist of SGH Macroadvisers. "I don't see where there is a good way out" that tames inflation without triggering a recession and the associated jump in unemployment.

It's a tradeoff - of jobs for price control - the Fed thought had become less relevant. In the decade before the onset of the coronavirus pandemic, unemployment drifted towards 3% without triggering inflation, and policymakers felt that showed the economy could put far more people to work than previously thought with prices remaining stable.

'HARD LANDING' AHEAD?

The pandemic has rekindled that debate and raised doubts about whether inflation, the work choices of Americans, even the global economy overall, will follow the patterns that existed before two years of mass infection, fear and lockdowns.*

So far...sooooo good!!

?

Market is bullish...buy pullbacks (for now) or don't...up to you

CARRY ON!!

futures not looking good:

[LIST]
[*][HEADING=2][S&P Futures]('https://finance.yahoo.com/quote/ES%3DF?p=ES%3DF')
4,519.25
-58.50(-1.28%)[/HEADING]
[*][HEADING=2][Dow Futures]('https://finance.yahoo.com/quote/YM%3DF?p=YM%3DF')
35,389.00
-252.00(-0.71%)[/HEADING]
[*][HEADING=2][Nasdaq Futures]('https://finance.yahoo.com/quote/NQ%3DF?p=NQ%3DF')
14,744.50
-293.75(-1.95%)[/HEADING]
[*][HEADING=2][Russell 2000 Futures]('https://finance.yahoo.com/quote/RTY%3DF?p=RTY%3DF')
2,039.00
-40.10(-1.93%)[/HEADING]
[*][HEADING=2][Crude Oil]('https://finance.yahoo.com/quote/CL%3DF?p=CL%3DF')
89.55
-0.11(-0.12%)[/HEADING]
[*][HEADING=2][Gold]('https://finance.yahoo.com/quote/GC%3DF?p=GC%3DF')
1,829.40
-7.20(-0.39%)[/HEADING]
[/LIST]

[JUST IN
[HEADING=1]January CPI: Inflation reaches fresh 40-year high[/HEADING]
The Consumer Price Index (CPI) registered a 7.5% annual gain in January.]('https://finance.yahoo.com/news/consumer-price-index-cpi-inflation-january-2022-210344769.html')

[URL unfurl="true"]https://www.cnbc.com/2022/02/09/stock-market-futures-open-to-close-news.html[/URL]

CPI If the FED didn't lower rates due to a certain cry baby we wouldn't be in this mess......but alas we are!!! sigh!! bet brandon gets it down to 3-4% within a year

need a recovery of some sort into the close or the bull goes out the window....this is more than a pull back

wonderful

wonderful

well it did close above two points I have in the 4480s...so we got that going for us...this could be a one day news (CPI) event.....A hot number was expected...and we got it!

Market reacting to WAR news...............Timberrrrrr......but if this is resolved over the weekend MONDAY will be monster rally.....I'll wait and see.....not committing here at all

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-news-live-updates-february-11-2022-231642028.html[/URL]

possible fed 25-50bp hike Monday afternoon. They scheduled an emergency meeting for Monday

[URL unfurl="true"]https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm[/URL]

possible fed 25-50bp hike Monday afternoon. They scheduled an emergency meeting for Monday

[URL unfurl="true"]https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm[/URL]

Thanks dsedy!

possible fed 25-50bp hike Monday afternoon. They scheduled an emergency meeting for Monday

[URL unfurl="true"]https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm[/URL]

i hope they do it Don.....commodities are rocking!!

i hope they do it Don.....commodities are rocking!!

Raising the fed funds will do little to stop the price of oil, copper, and food prices etc...
These are systemic problems based massive policy errors.
EDIT: the problem is 5 trillion in stimulus over the last 24 months.

We have printed 30% of all dollars in existence in the last 24 months. The Gov has created a massive bubble bigger than anything in history. All for the flu!

I would argue true inflation is double the 7.5%, more like 15%+

Raising the fed funds will do little to stop the price of oil, copper, and food prices etc...
These are systemic problems based massive policy errors.

MASSIVE POLICY ERRORS

Thank you!

Thanks dsedy!

update Longcast:

[URL unfurl="true"]https://www.zerohedge.com/markets/fed-publishes-final-pomo-schedule-killing-expectations-intermeeting-rate-hike[/URL]