{"id":2676,"date":"2022-11-28T20:37:23","date_gmt":"2022-11-28T20:37:23","guid":{"rendered":"https:\/\/www.retirementrefined.com\/?p=2676"},"modified":"2022-11-28T20:40:31","modified_gmt":"2022-11-28T20:40:31","slug":"railroad-strike","status":"publish","type":"post","link":"https:\/\/www.retirementrefined.com\/railroad-strike","title":{"rendered":"Consumer Spending\/Railroad Strike?\/Oil"},"content":{"rendered":"\n

Stock and Bond Markets<\/strong> have been attempting to rally higher, as expected.<\/p>\n\n\n\n

The yield on the 10-Year US Treasury has fallen<\/strong> from a high of 4.23%<\/strong> back down to 3.692<\/strong>, as I\u2019m typing this morning.\u00a0 The reason for the drop<\/strong> in yields?\u00a0 Is inflation<\/em> starting to abate<\/em>? Is the Fed nearing an end to raising rates?\u00a0 Is it China\u2019s extended Covid lockdown?\u00a0 Is it fear of a global slowdown leading towards a recession in 2023?<\/em><\/p>\n\n\n\n

No matter what the answer, it is speculation<\/strong>.\u00a0 No one knows with any real degree of certainty, what is the fair value for stocks and bonds, at this point.<\/strong><\/p>\n\n\n\n

The retail spending news<\/strong> from the Thanksgiving holiday has been positive! People still have dough to spend, or is it a combination of money AND credit? <\/p>\n\n\n

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Online shopping hit a new record<\/strong>.\u00a0 This issue with good news about consumer spending, is the Fed wants spending to slow to reduce overall inflation.<\/p>\n\n\n\n

I read on my Wall Street Journal phone app that prices of chicken breasts<\/strong> have dropped 70%, <\/strong>from the first week of June.\u00a0 Perhaps this is true, however I have not recognized the savings!!<\/p>\n\n\n\n

This week, we\u2019ll hear from 3 Federal Reserve members<\/strong>, including the Chairman.\u00a0<\/p>\n\n\n\n

We\u2019ll also hear the all-important October jobs creation report on Friday<\/strong>.\u00a0 In September, we created 261,000 jobs.\u00a0 The consensus for October is 200,000.\u00a0 As we are now in the home stretch towards New Years Day<\/strong>, let\u2019s hope the markets continue the recent trend, moving higher.<\/p>\n\n\n\n

Railroad Strike?<\/strong><\/p>\n\n\n\n

A few months ago<\/strong>, we suggested to pay attention to the railroad contract situation.\u00a0 Immediately after our suggestion, President Biden intervened and it appeared a strike would be averted.\u00a0 As of now, it appears it is still possible<\/strong> for a rail strike, as both sides appear to be in disagreement<\/strong>.\u00a0 Let\u2019s hope a strike will not happen as this could certainly hinder the supply of goods needed throughout the economy.<\/p>\n\n\n

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Oil<\/strong><\/p>\n\n\n\n

The price of oil this morning is trading at approximately $74.50<\/strong>.\u00a0 We are now where we were on January 1, 2022<\/strong>.\u00a0 What a wild ride… up to 130 and back down! <\/p>\n\n\n\n

Is the reason increased supply?<\/strong>\u00a0 I\u2019m thinking it\u2019s speculation of demand reduction.\u00a0 Speculation of our economy slowing, and the current China lockdown situation reducing overall demand.<\/p>\n\n\n\n

I find it interesting the United States is now permitting Chevron to resume<\/strong> pumping oil in Venezuela<\/strong>.\u00a0 It\u2019s hard to believe this is our best course of action…..<\/p>\n\n\n\n

NJ Anchor Property Tax Relief Extended<\/strong><\/p>\n\n\n\n

The deadline for filing for your 2019 property tax relief has been extended<\/strong> to January 31st<\/sup>, 2023.\u00a0 To qualify, you must have owned and occupied your primary residence on October 1, 2019.\u00a0 For additional information, click here to read our previous blog<\/a> outlining the qualification criteria.<\/p>\n\n\n\n

If any of your friends or family might benefit from this information, please feel free to share!<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock and Bond Markets have been attempting to rally higher, as expected. The yield on the 10-Year US Treasury has fallen from a high of 4.23% back down to 3.692, as I\u2019m typing this morning.\u00a0 The reason for the drop in yields?\u00a0 Is inflation starting to abate? Is the Fed nearing an end to raising […]<\/p>\n","protected":false},"author":3,"featured_media":2677,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"post_statement":"","post_description":"","post_cta":"","post_button":"Read More","post_button_url":"","compliance_id":"","post_disclaimer":"","footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2676"}],"collection":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/comments?post=2676"}],"version-history":[{"count":3,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2676\/revisions"}],"predecessor-version":[{"id":2681,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/posts\/2676\/revisions\/2681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media\/2677"}],"wp:attachment":[{"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/media?parent=2676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/categories?post=2676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.retirementrefined.com\/wp-json\/wp\/v2\/tags?post=2676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}