Who just Threw a Spanner in the Works?

The Wall Street heaved a sigh of relief as latest signs emerged of a cooling labor market in the US and balancing between supply and demand in the labor market. As more companies embark on massive layoffs and freeze new hiring, there has been a decline in job openings. Along with a slowing demand amidst gloomy business outlook and rising geopolitical tensions, the relentless rate hikes by the Fed are taking a toll on the economy and companies are feeling increasing strains. As if these are not enough, the recent banking turmoil has raised liquidity and credit risks, lending a hand to the Fed by performing some of the heavy lifting to rein in the sticky inflation. These seemingly bad news may be welcomed by the Fed as they help to work towards its inflation target of 2%, leading the markets to predict a peaking of the Fed rate sooner than later.

However, OPEC+ took the markets by surprise during the weekend when the organization announced a drastic supply cut of a million barrels of oil a day, and worldwide crude oil prices jumped spontaneously. Rising oil prices are certain to fuel inflation that has otherwise shown signs of cooling amidst the rate hikes and liquidity crunch, creating complications for the Fed, which may have to press on with its rate hikes despite increasing risk of banking crisis and deep recession.

It seems like high interest rates may be here to stay for longer than the markets would wish, and I hope that the economy is not going to end up in a stagflation. Meanwhile, cash is king to me and I continue to source for competitive bank CASA deposit rates and build my ladder of T-bills to take advantage of the attractive short-term interest rates while they last, as they become increasingly a sizeable source of my passive incomes, while I maintain liquidity to deploy my funds whenever market opportunities present themselves. I look forward to add to $Vanguard S&P 500 ETF(VOO)$ on market weaknesses, as I believe that the broad market will prevail and emerge stronger after every crisis.

@TigerEvents @Daily_Discussion @MillionaireTiger @TigerStars @TigerWire @CaptainTiger 

# 💰 Stocks to watch today?(08 Nov)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment29

  • Top
  • Latest
  • Aqa
    ·2023-04-07
    Liked n commented. Support my friend. 👍🏻👍🏻👍🏻
    Reply
    Report
    Fold Replies
    • pekss
      Thanks!
      2023-04-07
      Reply
      Report
  • pixiezz
    ·2023-04-09
    Someday I will have 10 folds of my current holdings in VOO. When I reach 10 times my current holdings, I will strive to have 10 folds of my 10 folds. Good luck all!!
    Reply
    Report
  • bubblyx
    ·2023-04-09
    Not selling until S&P 4150ish, then wait for the pullback as recession starts to show up in force.
    Reply
    Report
  • frosti
    ·2023-04-09
    Getting VOO to drop below 350 to do a major buy is getting ridiculous in this current economy
    Reply
    Report
  • nimbly
    ·2023-04-09
    What is the difference between boo and S&P 500, and us one better than the other?
    Reply
    Report
  • vippy
    ·2023-04-09
    How does this look in the next 10+ years any predictions
    Reply
    Report
  • Dyong
    ·2023-04-07

    Great ariticle, would you like to share it?

    Reply
    Report
  • FlyDragon
    ·2023-04-12
    Ok
    Reply
    Report
  • FlyDragon
    ·2023-04-10
    Ok
    Reply
    Report
  • FlyDragon
    ·2023-04-09
    👍
    Reply
    Report
  • ngph
    ·2023-04-07
    Yeah!
    Reply
    Report
  • 不死鸟.
    ·2023-04-07
    👌
    Reply
    Report
  • 雨后就是彩虹
    ·2023-04-07
    1
    Reply
    Report
  • Longmao
    ·2023-04-06
    Thanks
    Reply
    Report
  • FlyDragon
    ·2023-04-06
    Ok
    Reply
    Report
  • enforcer
    ·2023-04-06
    ok
    Reply
    Report
  • Brocco
    ·2023-04-05
    K
    Reply
    Report
  • Jackwoft
    ·2023-04-05
    OK
    Reply
    Report
  • boonhong21
    ·2023-04-05
    [Miser]
    Reply
    Report
  • CHYE
    ·2023-04-05
    [OK]
    Reply
    Report