The Retired Investor/@theMarket http://www.iberkshires.com/blogs/Bill_Schmick? The Retired Investor/@theMarket Wed, 01 Feb 2023 14:48:58 EST en-us @theMarket: Macro-Economic Data Indicate a Soft Landing http://www.iberkshires.com/blogs/Bill_Schmick?bid=4329 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4329 Fri, 27 Jan 2023 15:48:00 EST The economy grew faster than most expected in the fourth quarter. Unemployment continues to remain tame and corporate earnings, while not stellar, have been good enough to support financial markets this week.   Good news on the economy has been bad news for the stock market at least... The Retired Investor: Back to the gym http://www.iberkshires.com/blogs/Bill_Schmick?bid=4328 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4328 Thu, 26 Jan 2023 16:52:00 EST As the New Year gets underway, the fitness industry is breathing a sigh of relief. It has been a rough three years for those who provide the means to a healthy body for millions of Americans, but times are changing for the better.   During the pandemic, one in four health and... The Retired Investor: The Billionaire Lottery http://www.iberkshires.com/blogs/Bill_Schmick?bid=4327 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4327 Thu, 19 Jan 2023 15:59:00 EST On the surface, you would think that inflation has hit the lottery. Billionaire-dollar jackpots were infrequent until recently. But lately, the total winnings in the Mega Millions lottery have hit close to or over that magical mark several times. Is it inflation, or something else that has moved... The Retired Investor: Beware Political Pollsters http://www.iberkshires.com/blogs/Bill_Schmick?bid=4326 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4326 Thu, 12 Jan 2023 16:38:00 EST The pollsters were wrong in 2016, 2020, and now 2022. The recent "Red Wave" of GOP wins, so confidently predicted in the final days of the mid-term elections, failed to be no more than a red ripple. Is this a question of "three times you're... @theMarket: Markets Are Stuck in Chop City http://www.iberkshires.com/blogs/Bill_Schmick?bid=4325 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4325 Sat, 07 Jan 2023 10:36:00 EST Welcome to a new year of financial markets. But while the dates have changed, stocks continue to disappoint.   The S&P 500 Index has been caught in a range with the mid-point around the 3,800 level. Next week, we could see a minor break higher to the 3,920 level, but it probably... The Retired Investor: U.S. Income Inequality http://www.iberkshires.com/blogs/Bill_Schmick?bid=4324 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4324 Fri, 06 Jan 2023 14:03:00 EST In 2022, 68 percent of the total wealth in the United States was owned by the top 10 percent of wage earners while the lowest 50  percent of workers accounted for just 3.2 percent of that wealth. The gap between the haves and the have-nots continues to widen.   I was brought up... @theMarket: Good News on Economy Is Bad News for Stock Market http://www.iberkshires.com/blogs/Bill_Schmick?bid=4323 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4323 Fri, 23 Dec 2022 15:57:00 EST The good news on the economy has been bad news for the stock market. That's been the name of the game for the last several months. This week, we had more of the same.   The third and final revision of the U.S. third-quarter 2022 Gross Domestic Product came out on Thursday, Dec.... The Retired Investor: Are Christmas Trees Worth It? http://www.iberkshires.com/blogs/Bill_Schmick?bid=4322 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4322 Thu, 22 Dec 2022 16:33:00 EST As Christmas arrives around the nation this weekend, tardy consumers are hitting the neighborhood Christmas tree lots and farms in droves. Late-coming artificial tree buyers are finding slim pickings at big-box stores as well. This is despite an average price increase this season of between 5... @theMarket: Markets at Odds With the Fed http://www.iberkshires.com/blogs/Bill_Schmick?bid=4321 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4321 Sat, 17 Dec 2022 09:56:00 EST "Don't fight the Fed" is an oft-quoted market saying that has remained sage advice for the past decade or two. Recently, however, it appears investors are thumbing their noses at that advice.   This week, Fed Chairman Jerome Powell and his FOMC members released yet... The Retired Investor: Why the Stock Market Needs to Decline http://www.iberkshires.com/blogs/Bill_Schmick?bid=4320 http://www.iberkshires.com/blogs/Bill_Schmick?bid=4320 Fri, 16 Dec 2022 12:48:00 EST After a year where the stock averages have declined anywhere from 7 percent to 30 percent, the last thing investors want is to see further downside. The problem is that a surging stock market is the last thing the Fed wants to see in its battle to reduce inflation.   It is common...