Sanrith Descartes
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Investing General Discussion
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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Jysin
Ahn'Qiraj Raider
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14:00 *(US) FOMC RAISES TARGET RANGE BY 75BPS TO 2.25-2.50% (AS SPECULATED); RECENT INDICATORS OF SPENDING AND PRODUCTION HAVE SOFTENED, THOUGH JOB GAINS ARE ROBUST
- IOER raised by 75bps to 2.40%
- Vote was unanimous
- Inflation remains elevated, reflecting imbalances; Reiterates 'highly attentive' to inflation risks
- Balance sheet reduction proceeding at announced pace
- Job gains have been robust; Unemployment rate has remained low
- War in Ukraine creating additional upward pressure on inflation, weighing on global economic activity
- IOER raised by 75bps to 2.40%
- Vote was unanimous
- Inflation remains elevated, reflecting imbalances; Reiterates 'highly attentive' to inflation risks
- Balance sheet reduction proceeding at announced pace
- Job gains have been robust; Unemployment rate has remained low
- War in Ukraine creating additional upward pressure on inflation, weighing on global economic activity
Federal Reserve issues FOMC statement
Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained lo
www.federalreserve.gov
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Kiroy
Marine Biologist
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Assuming a worldwide famine and US food shortages (but not famine) playing out over the next decade, what would be an investing strategy to take advantage of it? As a moderately stupid person I'd think agriculture and healthcare, but something's telling me that's wrong.
Sanrith Descartes
Veteran of a thousand threadban wars
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My patented answer to these types of questions. If you dont have the time and inclination to really dedicate yourself to the markets and individual sectors/stocks in specific, my best advice is buy the S&P 500 and/or QQQ and dont worry about it.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Jysin
Ahn'Qiraj Raider
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For those who care to watch:
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Furry
WoW Office
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Hard to say who'd win in that scenario. The simple answer says probably agri, but then you have to deal with the realities of how stupid people are. In the event of a real famine, historically all sorts of craziness happens. Exports get banned, which slashes profits, governments get involved with various stages of production, which is even worse for profits, and thing like theft become huge problems.
Basically, if it comes to the point that agri people are wheeling buckets of money home, the government will step in and fix that right quick. So yea, S&P500 ahoy.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
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Big Phoenix
Pronouns: zie/zhem/zer
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Furry
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This feels like nonsense. Was Wallstreet pricing in a 100 point increase or something?
Sanrith Descartes
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Janet basically said they are gonna ease up on the hikes and shorts just took it in the ass. GOOGL +8.25%, MSFT +6.75%
Sanrith Descartes
Veteran of a thousand threadban wars
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My hunch is shorts got caught when Janet mentioned slowing rate increases from here on out.
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Kiroy
Marine Biologist
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I'm very heavy into s&p and total market, they make up like 95% of my retirement. I was just curious.
And as an aside, our market's relationship with china makes me nervous. I'd eventually like to allot a portion of my portfolio to low/no china exposure boomer stocks.
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