It’s Working: Fed Messaging, Stock Rally Juice Consumer Confidence
Suddenly, Americans feel great.
That's not true. They're pretty miserable actually. But in the 2020s, words like "good," "better" and "great" are highly relative. This is, after all, a decade so far defined by plague, war and inflation. So if things are "less bad" this month compared to last, that's "great."
With that in mind, Conference Board confidence printed a big beat for December in data released on Wednesday, underscoring the message from the preliminary read on University of Michigan s
Well enough.
as to your first paragraph
The 2023 federal deficit was upsized by weak tax collections due to underwhelming capital gains in 2023. The reverse could play out in 2024, reducing Treasury issuance and pressure on note/bond yields.
Good point.
All I know is I just encountered Buy 1 Get 2 Free on Hershey’s Peanut Butter Cups family packs at the grocery store, so my year is ending on a fantastic note!
Boom. Can’t beat that.
I am sure that those peanut butter cups would pair up nicely with a Pale Putin, WMD. That being said you are more likely to find a sale on sarsaparilla than you would on the ingredients of the aforementioned adult beverage.
my amateur / 3 cent conspiracy theories involve 1) a end of year market goose to assist blue states which are more dependent on capital gains for budget support, and 2) I suspect Ms. Yellen will be increasing long term treasury supply next month which may be digested much easier given recent rate developments…
spicy finish. not to echo chamber your conspiracy theory, but that’s why i suspect (granting that i don’t know anything) the fed is just going to start cutting in q1 and rip the market for the entire year. and biden can do executive action on progressive talking points.