Producer prices (PPI) came in about on target today—that’s good news. The bad news is that uncertainty over tariffs continues–the administration seems to get ‘deals’ started but really is not wrapping them up leaving investors without certainty.
1sts time unemployment came in somewhat elevated from expectations and from levels a few weeks ago. They certainly seem to be pointing to a gradually slowing economy–maybe this is helping to keep inflation tame?
The 10 year treasury is acting positively to the news and to fairly successful 10 year note and 30 year bond auctions–the 10 year trading at 4.37% now which is the low end of the recent range–where it goes from here no one knows.
Of course I am not doing much today–I had my 1 buy for the week on Monday and intend to make 1 buy next week. Our accounts moved to all time highs this morning–we’ll see if the gains hold. Our account incomes have moved higher as we make the slow shift to issues paying more than CDs and money markets–over time I hope it pays off. Having nice dividends and interest coming in is great–BUT one has to hope for stable capital (at least I do with my focus on total return).
I don’t know what the VIX is saying but I have noticed more SA writers turning negative. They need to be careful not to scare the minions.
Major auto parts wholesaler just declared Chapter 11 owned by KKR
https://www.thestreet.com/retail/huge-auto-parts-company-files-for-chapter-11-bankruptcy#:~:text=Global%20auto%20parts%20giant%20Marelli,company%20to%20its%20senior%20lenders.
Right now business is down in construction and commercial building supply. Being told a lot of business is booked but doesn’t go until August.
I went out to a new British pub last night. They had some beers out of stock. Were being told by the distributor containers being held up in New York and could be up to 10 weeks before they get their beer orders.