When the Bottle Market is in charge he wont make much money in the stock market because bond owners are pessimist, real glass halfempty guys and the bond market is certainly in charge right now. Today we saw exactly how pessimistic they really are when they overlooked very Weak Consumer Confidence data and averted eyes from a chicago report 17 month low. Both signs that we are making progress in the fight against inflation. Instead, they focus on a slightly higher than expected employee wage figure. The results, bond yields moved up slightly and the stock market got annihilated. The dow tumbling 570 points. The s p punching 1. 57 and the nasdaq plummeting. April 2024 will go down as the worst month for the dow since september of 2022. Good riddance. Now, on the verge of a fed meeting tomorrow that will no doubt show that j powell wants to keep Interest Rates up higher for longer because the popular perception is the economy is weakening. Notice i put it that way. Popular perception bec
Plus, strike watch. Hollywood reaching a deal with writers while the auto walkout enters its second week. Ford says significant gaps still remain, and amazons ai move investing some 4 billion in a chatgpt rival. Lets begin though with a new market week. After four days of losses, mike, and we lost the 100day moving average on s p. Yeah. New market week. You have the tenyear up 4. 5 . We closed pretty close to the lows on friday, and now i think its become the debate point is we expected we would have some seasonal weakness. We came into august overbought and overlogged and everybody embracing the soft landing scenario. Now we have had a little bit of correc corrective mindset to that. How deep we have to go is a question of terms of trying to account for the rates and why theyre there. I wasnt necessarily that alarmed at the specific changes the fed made where they took away two cuts from next year and essentially higher for longer and they have been saying for a very long time, you. T
Krao eut krao eut one of the mr. Cartwright one of the most important things i look into is the justice assistance grants. Ive been very proud to bring grants home in both of those areas to fund local police and also to fund efforts by our local district attorneys. These are the ones that deserve the credit for that huge drop in crime over the last year, arent they . Mr. Garland i quite agree with that, yes. Mr. Cartwright dont let me put words in your mouth, but who else deserves the credit for this big drop in crime that america has experienced . Mr. Garland look, im we know and weve had experience over decades now with the right kind of strategies for reducing Violent Crime. These involve strategies from the Federal Point of view, require the cooperation that the chairman was speaking of all of our agencies. Then creating joint task forces with state and local Law Enforcement who are enormous force multipliers for the department. Our u. S. Attorneys offices who reach out to communit
Krao eut krao eut one of the mr. Cartwright one of the most important things i look into is the justice assistance grants. Ive been very proud to bring grants home in both of those areas to fund local police and also to fund efforts by our local district attorneys. These are the ones that deserve the credit for that huge drop in crime over the last year, arent they . Mr. Garland i quite agree with that, yes. Mr. Cartwright dont let me put words in your mouth, but who else deserves the credit for this big drop in crime that america has experienced . Mr. Garland look, im we know and weve had experience over decades now with the right kind of strategies for reducing Violent Crime. These involve strategies from the Federal Point of view, require the cooperation that the chairman was speaking of all of our agencies. Then creating joint task forces with state and local Law Enforcement who are enormous force multipliers for the department. Our u. S. Attorneys offices who reach out to communit
Krao eut krao eut one of the mr. Cartwright one of the most important things i look into is the justice assistance grants. Ive been very proud to bring grants home in both of those areas to fund local police and also to fund efforts by our local district attorneys. These are the ones that deserve the credit for that huge drop in crime over the last year, arent they . Mr. Garland i quite agree with that, yes. Mr. Cartwright dont let me put words in your mouth, but who else deserves the credit for this big drop in crime that america has experienced . Mr. Garland look, im we know and weve had experience over decades now with the right kind of strategies for reducing Violent Crime. These involve strategies from the Federal Point of view, require the cooperation that the chairman was speaking of all of our agencies. Then creating joint task forces with state and local Law Enforcement who are enormous force multipliers for the department. Our u. S. Attorneys offices who reach out to communit