Thursday
December 1, 2022
Hello everyone,
Welcome to Winter or Summer depending on where you are in the world.
Let’s get to the nitty-gritty and what you need to know.
Jay Powell
Signalled that he will slow the pace of rate rises next month.
Still a long way to go to fight inflation.
Maybe expect a 0.5% increase in December.
Jay Powell: worker shortage
3.5 million fewer U.S. workers.
Explanation: retirements
Health concerns: COVID risks for older workers
Finding jobs = added costs.
Housing & stock market gains = financial flexibility
Net immigration decrease.
Deaths during the pandemic.
Baby boomer generation is retiring = slow growth labour force.
Metals
Short term perspective: start taking profits.
Long term perspective: keep holding those longs in Silver and Gold.
U.S.$
Short term perspective: start taking profits.
Long term perspective: hold your positions.
Stay short the U.S.$ and Long the Euro, Pound, Aussie & NZ$, short the Yen (which is strengthening when it goes down).
Bonds
John has just sold all his TLT positions. He is out of the Bond market for now. He is looking to buy again on a 5–10-point dip.
S&P & DOW
Short term perspective: start taking profits.
Long term perspective: stay long the market—good selling opportunity lining up in mid-January.
Bitcoin & Crypto
If you want to hold your Bitcoin for the very long term, put it in a decentralized wallet. But expect the value to keep dropping, maybe in the long term to as low as $2500 (end of 2024).
If you have a short-term perspective, sell it, and get it out of all exchanges. FTX had pneumonia and now everyone connected with them has got a bad cold. Avoid the virus if you can.
Christmas/New Year
Do your Christmas shopping early.
Gift ideas
Give your time at a Food Bank or other charity organisation.
House an unwanted animal. You’re giving the gift of life.
Design your own hamper for a friend, family, or neighbour.
Purchase a subscription that will educate someone.
New Year resolutions: don’t make any.
Do the best you can every day.
Be happy. Choose it.
Keep learning.
Be consistent.
Be persistent.
Be insistent.
Have a wonderful weekend.
Cheers,
Jacquie.
Don’t walk in front of me …I may not follow
Don’t walk behind me…I may not lead
Walk beside me…just be my friend
Albert Camus
