Q: What are some of the things that have happened in the bond market ahead of the anticipated September 18th Federal Reserve announcement?
A: The 10-year U.S. Treasury Note has already fallen to 3.67%, down from 5% in October 2023. The 90-day U.S. Treasury Bill has already fallen below 5% recently.
Q: What are some factors that could encourage more aggressive cuts in the Federal Funds Rate?
A: U.S. Job growth and job openings fell to their lowest levels since 2021. Additionally, the Consumer Price Index (CPI) fell to 2.5% for the preceding 12 months ending in August & The European Central Bank cut interest rates for second time in the last 90 days.
Headline Round Up
*Online Grocery Prices Plunge in August to Lowest Levels Since 2014!
*Get Ready for the New Nuclear Age as a Solution to America’s Energy Needs!
*When Will the First New Small Modular Reactors Come Online?
*September Continues to be the Worst Month of the Year for Stocks Since 1928.
*Retail Bankruptcies Hit High at Most Since 2020 After Discount Retailer, Big Lots, Files.
*U.S. Unit of PricewaterhouseCoopers (PwC) Laying Off 1,800 Employees in October and U.K. Unit of PwC Announces Tracking of All Employee Locations in January?
*Texas Natural Gas Pipeline Capacity from Permian Coming on Stream and Increasing.
*Lithium Mining Stocks Soar Due to Supply!
*California’s Grid Being Saved by Batteries Says PG&E CEO Patti Poppe!
*Palantir Technologies, Dell Technologies and Erie Indemnity to Join the S&P 500 Index in Late September.
*Oracle Cloud Services Leads Company to Record High Stock Price This Week.
*The Artificial Intelligence (AI) Spending Spree Continues Amid Questions on Viability?
*UBS Group, AG Builds AI Tool to Help Offer Clients Potential Merger & Acquisitions (M&A) Deals. Tool can quickly scan up to 300,000 companies in less than half a minute!
*Novo Nordisk Spikes After Study Finds Obesity Drug Safe for Kids?
Skid Row
*The Rise and Fall of Green-Energy Superstar & Wood Pellet Producer Enviva. Disastrous company decisions could be a lesson for all.
*Private Equity Owner Who Drove Steward Health Care to Collapse While Paying Themselves a Huge Dividend in the Process.
SPDR Dow Jones Industrial Average Exchange Traded Fund (ETF) Trust, Invesco QQQ Trust Series 1 and SPDR Standard & Poor’s 500 Exchange Traded Fund (ETF) Trust (12/29/2023 – 09/13/2024)
– Courtesy of Bloomberg LP
Chicago Board Options Exchange – 30 Year Treasury Bond Yield Index & Short Term Interest Rate Index (09/14/2023 – 09/13/2024)
– Courtesy of Bloomberg LP
U.S. Consumer Price Index – Urban Consumers Year over Year, Non-Seasonally Adjusted (09/15/2019 – 09/13/2024)
– Courtesy of Bloomberg LP
U.S. Job Openings By Industry Total, Seasonally Adjusted (09/15/2019 – 07/31/2024)
– Courtesy of Bloomberg LP
Recurrent MLP & Infrastructure Fund & AllianceBernstein Global High Income Fund (12/29/2023 – 09/12/2024)
– Courtesy of Bloomberg LP
Profit Report
Goldman Sachs: Lessons from every stock market correction since 1973.
The continued evolution of McGowanGroup Wealth Management investment plans.
