Interest rates are ‘likely to be higher’ than previously anticipated The Fed, Interest Rates and Your Money Federal Reserve Chairman Jerome Powell yesterday cautioned that interest rates are likely to head higher than what central bank policy makers had been expecting them to. Recent economic data has come in stronger than expected, which suggests that…
It’s pretty obvious that your recent trips to the food store have shocked you a bit. Costs have increased dramatically over the last year, but nothing beats the price of eggs, which have grown by roughly 70% according to the latest data. What used to be $40 for a box of 120 eggs is now…
The Energy Information Administration (EIA) is an independent agency within the United States Department of Energy that provides data and analysis on energy production, consumption, and prices. One of its key functions that’s important to my strategy is their release of weekly inventory reports that detail the current levels of crude oil. Why do these…
Mortgage rates moved higher again last week, pushing finance-requiring buyers to the sidelines as the spring housing market should be heating up. Primary residence mortgage applications dropped 6% last week compared with the week prior. Volume was 44% lower than the same week one year ago, and is now sitting at a 28-YEAR LOW. This…
This is a topic I’m really passionate about: The Root of Everything That’s Wrong With Our Country Passionately PISSED OFF about! I’m talking about student loan forgiveness. If you take out a loan, you must repay the loan. After all, that’s what you agreed to at the time of taking it. Now before I break…
If you are a retail trader, I’m sure you have read articles that basically say you’re in for some pain and suffering. Most will tell you that 80%+ of people who attempt to trade in their own account lose money. However, they usually don’t address the most important question … WHY? In a time where…
There’s a stigma around the financial industry that there’s “big bucks” to be made and a lavish lifestyle to be lived. While this industry certainly offers the opportunity to achieve true wealth, you don’t necessarily have to live like a rockstar. Like any business, trading can grow to be as big or small as YOU…
I’ve worked with traders of all calibers over the past half decade… Some who are green as can be, and others who are wildly successful. In doing that I’ve learned one thing that ALL traders want to know: What’s the secret to being the most successful trader? And that’s a really hard question to answer.…
Let’s break them down: The accelerated rise in Treasury yields must slow down. The benchmark 10-year Treasury yield increased to 3.9% on Tuesday, while the 2-year rate rose to 4.7%. The Fed is battling the inflation they caused by the distribution of unearned money. Anomaly stocks that are trading disproportionately high, many of which are…
After a heck of a year in 2022, the dollar’s course appears to have changed once again. Heading into last September, the DXY was up over 20%. But at the end of that very same month, the dollar started to give back some of those gains. Over the next few months to follow, the DXY…