Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
First group:
- 10-Year Treasury: link here. At 1.277%, down slightly.
- DXY: link here. At 90.99, up slightly.
- Silver: link here. At $27.265, down slightly.
- CBOE volatility index: link here. At 22.76, up 6%.
Second group:
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Markets
Markets:
- Dow and S&P down slightly; NASDAQ down 185 points
- profit taking
- money moving from tech to industrial?
Headline: stocks retreat from record highs even after retail sales surge past estimates.
Retail sales rose strongly in January, 2021: link here.
- rose by a seasonally adjusted 5.4% in January from a month earlier
- the increase followed three months of decline during the holiday season
- strongest gain since last June when the economy was in the process of reopening after pandemic-related closures
- recall: $600-a-recipient stimulus checks distributed in early January
- consumer spending is the main driver of the US economy, accounting for more than two-thirds of economic output
Dividend plays:
- Three suggestions from Motley Foot: J&J, Emerson Electric, and Black Hills Corporation.
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ERCOT and ISOs: Texas / New England / New York
I have quit following the New York ISO and the New England ISO.
After this debacle in the Lone Star State, those of us living here can no longer cast stones at New England ISO or New York ISO.
The good news: one less distraction for me.
What happened (and continues to play out) in Texas is beyond embarrassing. It's criminal but two weeks from now it will be forgotten, and a month from now things will be back to normal, with movers and shakers advocating for more wind farms.
Your last paragraph captures the "mentality " of a large swath of Texas population. Don't look at it as a serious problem that needs attention. Look at as a distraction that is to be avoided and ignored at all cost. Don't look for lessons learned and strive to apply the best, just sit back and blissfully wait for the next fiasco (which may be a repeat of the one you are still in). Then repeat the cycle of idiocy.
ReplyDeleteThank you. I'll be surprised if I'm not completely accurate.
DeleteWhat happened (and continues to play out) in Texas is beyond embarrassing. It's criminal but two weeks from now it will be forgotten, and a month from now things will be back to normal, with movers and shakers advocating for more wind farms.