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Are Health Savings Accounts Worth Your Time? Absolutely.When you're well, sometimes it is difficult to imagine things suddenly taking a turn for the worse. 1.5 years ago, I was as healthy as could be. I thought medical problems were for other people, my checkups always came up roses. Then I fell ill with an autoimmune neurologic condition, likely autoimmune encephalitis, and I wish I had opened a Health Saving's Account (HSA) the day I turned 18. Funny how life teaches you those lessons. So what is an HSA? An HSA is an investment account whose contributions are tax-deductible and withdrawals are tax-free if used for medical expenses. This type of account is only available for those with high-deductible plans health plans. The IRS defines a high deductible health plan as: any plan with a deductible of at least $1,400 for an individual or $2,800 for a family. Literally ripped that last sentence straight out of google. Sue me. If you're uninsured, you're out of luck. So for those who have high-deductible health plans, it's a way to not only save for sudden health catastrophes, but also to grow your wealth. With Fidelity, there is no limit to what asset class you can partake in. Other HSA's may have limitations, acting more like savings accounts. When you make a contribution, that money is tax-deductible (so you're investing with "pre-tax dollars"), and will never, ever be taxed if used to pay for a medical expense. But what if your investments have gone down and you have to sell to pay for medical bills? Hint: don't. You can reimburse your own medical bills with NO time limit. That means you could pay $1,000 for surgery using a cash-back credit card (or whatever payment method), wait until your money grows in your HSA, then reimburse yourself tax-free in 30 years. That is, if you kept the receipt ;) By budgeting, like using YNAB, it's easy to keep track of medical expenses and reimburse yourself tax-free when it makes the most sense. Or, if you prefer, you can invest in more conservative instruments. Like CD's, which are paying as high as 4.7%. Or you can treat it like an actual savings account and enjoy Fidelity's 2.21% APY on uninvested cash. So for those keeping score: -Contributions are tax deductible -Medical expenses are tax-free when you liquidate your investment(s) to cover them, which you can do retroactively with no time limit -Growth and trading within the account is tax-free (unless you live in CALIFORNIA or NEW JERSEY. Don't ask me, but you will be taxed on trading like you would an individual brokerage account) -You can withdraw your funds like you would an individual brokerage account at 65 (that is, you'll be taxed but not penalized) There are pretty hefty penalties for non-medical withdrawals before you're 65: up to a 20% penalty and ordinary income tax on capital gains. Not pretty, so don't put money into an HSA that you'll need for other things. In addition, there are yearly limits to how much can contribute. For 2023, it's $3,850 for an individual plan, $7,750 for family plans. You can alternatively roll funds over from an IRA into an HSA (but not the other way around). I opened one today with Fidelity and will max it out every year. I use YNAB to budget, so I can keep track of my health expenses for 2023 easy peasy. It's always best to plan for the worst. Thanks for reading, and best of health to you. InTheMoney
NASDAQ:QQQEducation
by InTheMoneyAdam
January EffectHello guys! Have you ever heard of the "January effect"? It's a pattern that has been observed in financial markets where the prices of small cap stocks tend to go up in the month of January. Some people think this happens because of tax-loss selling (when investors sell stocks that aren't doing well in order to reduce their tax burden) or because more people are interested in buying small cap stocks at the start of a new year. It's important to remember that the January effect isn't a sure thing and shouldn't be the only reason you make investment decisions. What do you think about this effect?
Editors' picks
BLACKBULL:US30Education
by m_maia14
10
October 20 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart The annual inflation rate in the Eurozone rose to 10.9 per cent in September, a jump from 10.1 per cent in the previous month. Meanwhile, UK inflation hit 10.1 per cent in September, a 40-year high. Bitcoin is down 1.23% over the last 24 hours and fell to an intraday low of $18,900. The largest cryptocurrency continues to trade sideways between the $18,000 and $20,000 price zone for the past week, suggesting no big movements in either direction have taken place. The gradually downsloping 20-day exponential moving average ($1,320) and the relative strength index in the negative territory indicate that bears are at a marginal advantage. For now, the sideway trading activities are likely to continue as there is not much volatility in the market. Today’s Cryptocurrency Headline Rio de Janeiro to Allow Digital Asset Tax Payments Rio de Janeiro will allow its residents to pay property taxes in digital assets starting in 2023, a decree published this week has revealed. The city’s mayor, Eduardo Pae, has now published a decree calling for applications from virtual asset service providers who wish to process digital asset payments starting in 2023. While the residents will use digital assets for payments, the city government will only charge fiat currencies, and converting digital assets will not incur any additional cost to the taxpayers. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
Percent of Revenue for Interest Payments vs FEDFUNDs DifferenceThis chart shows the difference between the percent of federal tax receipts used to pay interest on the national debt (currently around 20% of tax receipts) and the FEDFUNDS rate. This difference has been growing through the years as the debt grows larger and people are less willing to buy treasuries at low interest rates. Even with historically low interest rates in the present day, the debt burden is large enough to over come this. The effect of the FEDFUNDS rate on government expenditure will continue to grow with time. Even at an effective rate of 0%, the interest payments on the debt continues to grow. There is a clear upward trend on payments despite a near 0% FEDFUNDS rate. Increasing the FEDFUNDS rate will be detrimental to US government solvency. Inflation or default seem to be the two options available. Good luck, Fed people.
FRED:A091RC1Q027SBEA
by rrmhearts
1
Percent of Revenue for Interest Payments vs FEDFUNDs RatioThis chart attempts to show the ratio between the percent of federal tax receipts used to pay interest on the national debt (currently around 20% of tax receipts) and the FEDFUNDS rate. This ratio has been growing through the years as the debt grows larger and people are less willing to buy treasuries at low interest rates. Even with historically low interest rates in the present day, the debt burden is large enough to over come this. The effect of the FEDFUNDS rate on government expenditure will continue to grow with time. If inflation keeps up and rates are raised we could see even more than 50% of tax receipts going to pay the interest on the national debt. The ratio increases with time, which means that the effect of FEDFUNDS will have more impact on government interest payments. Another way to see this impact is through looking at FRED:A091RC1Q027SBEA/FRED:W006RC1Q027SBEA-FRED:FEDFUNDS/100
FRED:A091RC1Q027SBEA
by rrmhearts
Virtual vs Real Estate (Inflation, Real-Estate, and Government)Gavin Newsom has been bragging about CA's $31B surplus this year but we know that the state has been struggling for a while now. A locked-down economy and people/jobs leaving the state will kind of do that. CA owes the Feds $21B in unemployment debt, btw. www.sacbee.com Looking at the budget closer, you'll see that they gave educational institutions a modest increase (not enough to off set the damage COVID regulations they made them follow, of course) while most essential services are actually getting massive cuts. www.ebudget.ca.gov That 66% cut in environmental protections is pretty much a slap to the face to environmentalists everywhere. (Maybe that had something to do with why Newsom "disappeared" during the climate summit last year.😂) But Big Pharma and corporate tax cuts are doing great, at least. If budgets could give the middle finger to taxpayers, this is probably as big as a flip as you could get. We had the chance to get rid of Newsom last year so guess he felt emboldened enough to double-down on the abuse. But it is what it is, I suppose. Kind of too late, now. Note that despite Newsom's claims of economic recovery, we see a huge increase in labor dev funds, for reasons that should be pretty obvious by now. They know people are leaving and employers aren't hiring so something needs to be done but they can't be honest about it. Big picture, is this really about COVID, California's labor market, or is it the beginning of the 4th Industrial Revolution, as Andrew Yang and the #YangGang forewarned? "Supply chain issues" may be masking the reality that a lot of those jobs aren't simply coming back, at all. And it seems fitting that the day this comes out, we see Jerome Powell starting to look panicked about #inflation after a year of denying that it ever existed. Deer caught in the headlights, really. It's obvious that they really have no idea what they're doing at this point. Either way, we have government loaning each other money with the Feds just printing more money to keep the states afloat on their unsustainable path. It's a house of cards ready to come crumbling down, and it's going to trickle down all the way to state and local budgets, too. Lots of people probably thought I was crazy to double-down on #crypto during these times but the more I read about this stuff I feel better about the path I took. I often feel like an outsider to traditional financial institutions but maybe that's not a bad thing, after all. There's going to be a lot of people who claim that the sky is falling but that happens at every downturn so take it with a grain of salt. But it's not all bad -- some sectors will do well so the best thing people can do is to stay focused on areas of growth. 📈 What are those areas? Crypto, #NFTs, software in general, and service sector industries that aren't beholden to supply chain issues and can adapt to new economic landscapes very quickly. The #metaverse will adjust to inflation much better than real-estate, for sure. We're due for a market correction in the USD at any given moment, anyway. Long-term, it'll be a good thing, though, since all the FOMO in Wall Street and the government has created a monster that's out of control. A crash will fix a lot of that by removing the $$. Either way, good luck, folks. Been saying a while that the next few years is going to be a roller-coaster so I hope people are prepared for anything to happen. The smarter ones have seen the writing on the wall and are planning accordingly already. 🧐
Long
by RyanTanaka
USA. Taxes. China. Crisis. Electricity. Europe. BitcoinThe world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis. It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012. Britain is developing a plan to build a 3,800 km long transmission line off the coast of Morocco. There will build wind farms. They will be able to meet as much as 5% of Britain's electricity needs. By the way, they will lose up to 30% of the generated electricity in the submarine cables. All countries in whose territorial waters the cable runs will have to pay a constant fee. There has never been a more costly energy project on the planet. Last year, in 2020, China permanently abandoned imports of coal from Australia, which covered 25% of the Celestial Empire's electricity generation. Most interestingly, China has not sent proposals to, for example, the Russian Ministry of Energy to organize coal exports. It simply increased its consumption of liquefied gas. The result was not long in coming. The largest factories all over China receive a schedule of power outages. The schemes include 2 in 2 or 1 in 3 days. The most extensive electricity consumers are the industrial companies. They will work only 3 or 4 days a week. Orders from major technology companies are in jeopardy. It is the most trivial issue we have. The fact is that almost all manufacturers in the world in mechanical engineering, electronics, pharmaceuticals, light industry, and the food industry are dependent on component supplies from China. They couldn't invent anything better than an energy crisis in China to disrupt global supply chains, production processes and provoke mass unemployment and hunger. There are two global dangers in the world right now. The first is the bankruptcy of the Chinese mega-developer Evergrande, which threatens to bankrupt dozens of businesses in China and even more investment funds in the United States. The second is a default by the U.S. federal government, which could occur soon. So far, there is not a hint of consensus among congressmen (Democrats and Republicans) about the issue of raising the limit of the federal budget borrowing by $3.5 trillion. Such a decision would automatically be associated with a bill to change the taxation rules in the United States. Biden signs a government funding bill to prevent a shutdown. So-called unrealized gains will now be taxed. For example, you own a house for $400,000, and last year it went up in value to $600,000. In that case, you immediately owe $60,000 to $100,000 in taxes. So if you don't currently have that money, you will need to sell your house to pay your taxes. The same goes for cryptocurrency owners. Let's suppose that you have Bitcoin in your portfolio, and it has grown in value by 300% during a year. You don't want to sell it. You are waiting for the price of $300k per BTC. In case of this law is passed, you have to pay taxes and have to sell half of your bitcoins to pay taxes.
OANDA:SPX500USD
by EXCAVO
34
Seasonal Indigestion In Stocks At The End Of Q3The fall months are my favorite. The cool weather is a welcome change from the hot and humid days of summer. There are few sights more pleasing than the turning of the leaves over the coming weeks as the change works its way from north to south as temperatures drop. The stock market has more than a few bad memories during the fall season. The great crash of 1929 occurred in October, as did the 1987 plunge in share prices. In 2008, an October plunge was the most significant stock market decline during the global financial crisis. September 20th was a reminder ‘Tis the season to be cautious The Fed remains accommodative- The debt is a compelling reason Taxes are the problem A correction is overdue, but that does not mean it is coming Last week, we witnessed the first signs of fall indigestion in the stock market, which had risen to its most recent all-time high on September 2. September 20th was a reminder Last Monday, the stock market fell. After making a new record high on September 2, the S&P 500 had been making lower highs leading to the most substantial decline in months. As the chart highlights, the S&P 500 rose to another all-time high at 4,545.85 on September 2, made lower highs, and dropped on Monday, September 20, reaching a low of 4,305.91, a 5.3% decline. Bull markets rarely move in straight lines, and the correction was long overdue. By the end of last week, the index was back at the 4,455 level after filling the gap on the short-term chart. However, it remained below the 4,471.52 level, the September 17 high. September 20 was a reminder that the potential for a substantial correction has increased with each new high in the S&P 500. ‘Tis the season to be cautious The stock market always gets the jitters in the early fall. Memories of price carnage during October crashes are indelibly etched in trader’s and investor’s minds. For those that did not live through or forgot the 1987 and 2008 selloffs, the financial media reminds them of the danger at this time of the year. The media pundits know that provoking fear makes for great copy and increased viewership. After all, the media’s primary job is selling advertising. Fear makes more people tune in each day for longer to keep tabs on what is happening. Meanwhile, it is the season to be cautious in the fall of 2021 because bullish and bearish factors are pulling the stock market in opposite directions. The long-term price trend remains bullish, and most investors are long stocks. However, rising interest rates and taxes are not bullish for stocks, and they are on the horizon. The Fed remains accommodative- The debt is a compelling reason Last week, we heard from the US central bank as the Federal Open Market Committee held its September meeting. The outcome was a non-event as the Fed kept the Fed Funds rate at zero percent and did not alter its quantitative easing debt security purchases at $120 billion per month. The decision was unanimous. Meanwhile, the devil was in the details as the central bank told the market that it could begin tapering quantitative easing before the end of 2021. It also guided that a consensus of members believe liftoff from zero percent short-term rates would occur in late 2022, with three to four increases in the Fed Funds rate coming in 2023. The projections depend on inflation averaging over 2% for an “extended” period and a move towards full employment. Chairman Powell put more meat on the bone at his press conference, making him sound more hawkish on monetary policy than the statement. He said QE tapering could begin as early as at the next meeting and could finish in mid-2022. If the Fed begins tapering in November at a rate of $15 billion per month, it will complete the process by July 2022. At that point, the central bank could consider increasing short-term rates. Tapering is not tightening; it is just less monetary policy accommodation. Many issues over the coming months could stall a move towards setting the stage for tightening credit, which could weigh on stocks and other asset prices as bonds compete with other asset classes for investment capital. Meanwhile, the US government is working to unleash an unprecedented $3.5 trillion budget package and another $1 trillion in infrastructure spending. The government also needs to increase the debt ceiling as it bumps up against the current $28.5 trillion level. At the end of last week, it stood above that level at the $28.8 trillion level. As the Fed moves slowly to tighten credit, the government’s fiscal policy will more than compensate, allowing targeted stimulus to flood the financial system. The Fed is between a rock and a hard place as increasing interest rates will cause the cost of servicing debt to rise substantially. Each twenty-five-basis point increase in the Fed Funds rate causes debt servicing costs to rise by an incredible $72 billion. The debt is a compelling reason for the Fed to remain highly accommodative. If Chairman Powell is unwilling to go along with the government’s spendthrift agenda, expect a replacement. Chairman Powell’s hawkish tone at the latest press conference could turn out to be his swan song. Progressive Democrats have told President Biden they want him to replace the sitting Fed chief when his term expires in 2022. The left-wing of the President’s party wants a Fed Chair that follows climate change and equity initiatives. Any replacement will sing a far more dovish tune for monetary policy than the sitting Fed Chairman. A replacement would likely light another inflationary fuse, due to a far slower approach to tapering and increasing the Fed Funds rate. Taxes are the problem The bills are coming due for the global pandemic, and they are enormous. Meanwhile, the spending continues as climate change, and social initiatives are going to cost trillions. The administration has rolled out its plan to increase corporate taxes and taxes on the “wealthiest” Americans with incomes over $400,000 for individuals and $450,000 for married couples, along with bumping up capital gains rates, inheritance, and many other taxes. Meanwhile, the increases may not scratch the surface in paying for the spending, but it could throw a monkey wrench into markets. Higher corporate rates will cause prices to rise as corporations pass along the costs to consumers. Higher taxes will leave less capital for share buybacks, and earnings will likely decline from projected levels. The bottom line is that higher taxes are likely to weigh on stocks. Higher taxes and rising interest rates could create a potent bearish cocktail for the stock market over the coming weeks and months. A correction is overdue, but that does not mean it is coming All signs point to an ugly correction in the stock market. However, signals can be misleading. When the US elected Donald Trump as the 45th President, many analysts predicted the stock market would fall like a stone, but it exploded higher. Other analysts thought that putting Joe Biden in the Oval Office would mean a severe correction in the last election. Stocks continued to make new highs. Higher taxes and rising interest rates are a prescription for lower stock prices, but they are not guaranteed. The Fed plans are to eliminate QE by mid-2022 and begin the liftoff from a zero percent Fed Funds rate late next year. However, there may be a new economist at the head of the central bank with a far more progressive agenda in 2022. Meanwhile, the budget and tax increases need Congressional approval, which is not guaranteed. The bottom line is that moderate Democrats and Republicans are not in favor of adding trillions to the US debt and increasing taxes that will filter down to all consumers. There are lots of what ifs facing the stock market over the coming weeks and months, which could cause lots of volatility on the up and the downside. Follow those trends; they are your only friends. Ignore the experts as no one has any idea about the future. Remember, the current level of the stock market is always the right level. More aggressive buying or selling will establish the path of least resistance of prices. Go with the flow! There is seasonal indigestion at the end of Q3. The future is uncertain. Put aside the fear and embrace the trends. We will find out soon if the price action on September 20 was the start of a correction or a one-day wonder that will put the market on a course for even higher highs. -- Join us for the Monday Night Call each week - link included below. There's also a link to sign up for early access to these articles as well. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility , inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
SP:SPX
by Andy_Hecht
3
US10Y - Rising Rates Environment - Go Small Cap Gems - Valuation#MSOgang #cannabisreform #epiceconomics #thegem $GNLN The War on Drugs has been a war on people—particularly people of color. The Cannabis Administration and Opportunity Act aims to end the decades of harm inflicted on communities of color by removing cannabis from the federal list of controlled substances and empowering states to implement their own cannabis laws. Federal cannabis reforms are especially urgent as more and more states legalize the adult and medical use of cannabis. To date, the adult use of cannabis is legal in 18 states, the District of Columbia, the Commonwealth of the Northern Mariana Islands, and Guam; and 37 states, the District of Columbia, Puerto Rico, Guam, and the U.S. Virgin Islands have advanced laws to allow medical cannabis, with nearly all Americans living in a state where some form of cannabis is legal. These changes represent a dynamic shift in public opinion and support across the political spectrum. Today, more than 90 percent of Americans believe cannabis should be legal either for adult or medical use. Despite legalization under state law and broad public support for cannabis legalization, cannabis remains illegal under federal law. By ending the failed federal prohibition of cannabis, the Cannabis Administration and Opportunity Act will ensure that Americans – especially Black and Brown Americans – no longer have to fear arrest or be barred from public housing or federal financial aid for higher education for using cannabis in states where it’s legal. State-compliant cannabis businesses will finally be treated like other businesses and allowed access to essential financial services, like bank accounts and loans. Medical research will no longer be stifled. But this alone is not enough. The Cannabis Administration and Opportunity Act includes restorative measures to lift up people and communities who were unfairly targeted in the War on Drugs. The bill automatically expunges federal non-violent marijuana crimes and allows an individual currently serving time in federal prison for non-violent marijuana crimes to petition a court for resentencing. The legislation also creates an “Opportunity Trust Fund” funded by federal cannabis tax revenue to reinvest in the communities most impacted by the failed War on Drugs, as well as helping to level the playing field for entrepreneurs of color who continue to face barriers of access to the industry. Importantly, the legislation also ends discrimination in federal public benefits for medical marijuana patients and adult use consumers. The legislation preserves the integrity of state cannabis laws and provides a path for responsible federal regulation of the cannabis industry. Like with federal regulations on alcohol, CANNABIS ADMINISTRATION AND OPPORTUNITY ACT | Sens. Booker, Wyden, and Schumer 2 states can determine their own cannabis laws, but federal prohibition will no longer be an obstacle. Regulatory responsibility will be moved from the U.S. Drug Enforcement Agency (DEA) to the Alcohol and Tobacco Tax and Trade Bureau (TTB), the Bureau of Alcohol Tobacco Firearms and Explosives (ATF), as well as the Food and Drug Administration (FDA) to protect public health. Additionally, revenue generated by federal taxes will support restorative justice and public health and safety research. U.S. Senators Cory Booker, D-N.J., Ron Wyden, D-Ore., and Chuck Schumer, D-N.Y., (collectively referred to in this document as the “Sponsoring Offices”) are committed to turning the page on this sad chapter in American history and undoing the devastating consequences of current discriminatory cannabis policies. Crypto to Cannabis. AGAIN!
TVC:US10Y
by EpicEconomics
3
A seasonal sector-switching strategy has beaten the S&P YTDThe Study I ran an analysis on monthly stock-market returns over the last 20 years or so, to determine which sector delivered the best median dividend-adjusted returns in each month. December 2020 was the last month included in the study. The sector funds included in the analysis were all equal-weighted, although they don't all use identical methodologies or have identical expense ratios, so keep that in mind. Also, for some funds, there was more data than for others. Some have been around since 2005, some 2007, some 2012. Here are the funds I included: EWRE, RCD, RGI, RTM, RYE, RYF, RHS, RYH, RYU, XAR, XBI, XHB, XME, XTL, XTN, XSW, XSD. The limitations of the data mean that the results are probably pretty noisy. I've got no real way to determine the statistical significance of these results, because there's just not enough data. A lot of this will be "noise," but probably there's some "signal" here too. Basically I compared these sector funds' median return in each month and determined which fund gave the best median return. (The median should be a more robust statistical summary than the mean, because the mean will be affected by outliers like meltups and crashes.) The Results Here are the best-performing sectors by month: January: Biotech February: Aerospace March: Real Estate April: Energy May: Semiconductors June: Real Estate July: Semiconductors August: Semiconductors September: Materials October: Transportation November: Transportation December: Metals The Backtest Since I didn't use data from 2021 to generate these results, we can backtest a sector-switching strategy on 2021. What if, in each month, we switched to the sector with the best median return for that month? The answer is that the equal-weighted index returned about 18% YTD, whereas the sector-switching strategy returned about 21%. So there's a slight edge here, but not a large one. If you're trading in a tax-deferred IRA, you'd have come out ahead by using the sector-switching strategy. But if your account isn't tax-deferred, then this strategy will have cost you more in capital gains taxes than you're making in excess returns vs. simply holding the index. The Code I've put the R code for this analysis on Github, should anyone wish to check my work: github.com
AMEX:RSPLong
by ChristopherCarrollSmith
HOLY WEEK AND NUCLEAR WEDNESDAY !! HOLY WEEK AND NUCLEAR WEDNESDAY! 10:30 p.m. Warm morning sun, some nature chirping from the birds around, a great time to enjoy a coffee. Start HOLY WEEK! Financially speaking, after a recovering Friday, it would be natural for the green to flood the Square today. And maybe it will be! But we can't help but glance over the cup of coffee at the situation of the week that seems hectic. First of all, thanks to reports, a number of world giants must be in the works. But this is not necessarily the problem, because they are expected to report well. The problem would be Wednesday, a really explosive day. Let's see why: 1. Biden's speech. Nothing can be more worrying than Biden's speech at Wednesday's joint congressional session, where he is expected to reveal the first details of his widely reported tax hike so far, planned for the wealthiest of Americans. The president of all wants an unlikely 43.4% for the richest Americans, bringing combined state and federal taxes to places like New York and California to over 50% !! No matter how difficult it will be for him to impose in the congress, in the short term the Market will react to rumors. 2. OPEC meeting Normally this meeting would sanctify the plans established a month ago if no other events happen in the last period. But ... didn't it happen ?! Well, India is the world's third largest consumer of oil, on infusions and fans literally, after a series of days with over 300k infections / 24 hours. Japan, the 4th largest consumer, also has problems with Covid ul. Iran lags behind with progress in talks with US, which may mean it will export oil again sometime in the not too distant future 3. EDF meeting Originally categorized as a NON Event, it could be an influence in various directions. Of all, I would mention the Precious Metals Market. In a long-awaited recovery, they have already stumbled at the first resistance, diverted by various external factors. One could be Powell, who enters an interview with Reuters on Tuesday, said the central bank will limit any exceeding of its inflation target. In any case, metal prices are expected to consolidate, or even decline, until Powell's post-Fed press conference. As a result, we have 3 events + quarterly reports, which can send almost any sector in almost any direction, affecting virtually the entire market. Normally, near such confluences, investors stand a little aside. Normally I said, but is it a period of normalcy !? Of course not !!! So we have 2 interesting days until Wednesday, when we hoped we would have: EVERYTHING ABNORMALLY GREEN !!!
NYSE:DOW
by Viorex
RIOT : .... D;...... im getting destroyed on my shorts absolutely demolished ahhhhh its ok we are more overbought than march of 2020 now..... & losing is apart of the business n a good reminder as to why it always makes sense to trade on a long time frame & straddled covering my puts? .... are u kidding me? i'll sell my calls though.. (if not, im homeless, after all) im just glad im long volatility when UVXY goes to 300+ ..... just look at GME & remember, anything is possible (like yields dropping again) this feels like the mkt back in march... only difference is we are at all time highs everything is so speculative right now... gross... ill sit and watch oh, and about RIOT yellen doesn't like btc one last thing, I remember saying on a prev post 'the mkt has no chance of dropping 80% in the next crash' I wholeheartedly, take that back it's starting to look a lot more probable by the day... goodluck! (especially if u are investing right now)
NASDAQ:RIOTShort
by UnknownUnicorn7567260
2
Let's just print money 🎇 Let's just tax the rich 🎇USA 🛬💥Wealth inequality in the last 200 years has been the highest in human history. This is based on various records, estimates, and just a bit of common sense. And for 200 years the public has been looking for magic tricks that sound like "lose 50 pounds in 2 weeks with no effort". The public enjoys job security and have a government that provides for them, but does not understand we live in a universe where nothing is created everything is transformed. Their security and comfort comes at a price: freedom and wealth. People that the government treats as enemies, that have no security, that take all the risk, that are held responsible for the wellbeing of their workers, of course they reap a huge reward in exchange. It is even frustrating that the public think they can have anything for free. They are basically selling their time for money, an accurate name for this system would be wageslavery, now it is not called like this because of "stigma" or in other words emotions. But few will get far by being slaves. Back in Rome gladiators could become superstars, rich, buy their freedom, and live in wealth. Today corporate executives can start as basic slaves and end up director or CEO and get wealthy, but most slaves will stay at the bottom. Most of the public selling themselves for security is NEVER going to end up in greater wealth inequality. 200 years... will the circle ever end? In the USA after Trump election the corporate tax went down, and he let companies bring their offshore money home. This seems to have had no effect on the buyback program trend that continued follow the same path it started in ~2010. This is how it goes: Companies "reinvest" their profits rather than have them be taxed => Stock market bubble => Spreads to the housing market => Rents go skyhigh => The public gets angry and fights for more income and corporate taxes (most of the public is surprised when anyone mentions most big wealth is not created via income but asset appreciation). The public fights for cheaper rents by fighting to make the rent more expensive 🤷‍♂️. I think a good 90% of the public does not know the difference between purchasing power & currency. The only way the government can increase person A purchasing power is by taking it away from person B. It's like they are all 5 years old it really is crazy. There is no "taxing surplus". If person B has plenty of pieces of paper with a number of them as "surplus" then the government taking that away reduces his purchasing power by ZERO. Adults believing in Santa Claus and the Tooth Fairy. Meanwhile I never bought it not even at 5 years old. Ireland had an ath corporate tax of 50% in 1982, and it was down there with the poor countries (not super poor but below all the rich ones), with Hong Kong, Oman, Gabon, etc). African country Ghana had a higher GDP/Capita than Ireland. The USA had 2.5 times Ireland GDP/Capita. China was sooooo far down. This was almost 2 decades after their cultural revolution and they were still at pretty much zero o.0 countryeconomy.com Fast forward to 2019. Gabon and Ghana are not the poorest African countries but they are POOR. Gabon GDP is at about 8k/person, Ghana $2200 - this may not seem that shocking but let me tell you Ghana GDP per capita in NOMINAL terms was at 3 times that in 1982 ! Now Ireland has the 4rth highest GDP/capita in the world at $77,000. Hong Kong which is has corporate and income taxes of around 16% iirc - far lower than USA France UK etc 30%+ corporate tax and 45% income tax - has grown to 50k one of the highest in the world. Singapore same story. But GHANA. How do you go from being as wealthy as average european countries to become a 4rth world country? Only 2 ways: ethnic wars (poor in real wealth but rich in diversity) OR socialism/high regulations & corporate taxes. I think other than making it harder for businessmen - er people (there's a whole lot of women doing business in west africa I think - no cold winters = different culture women did not just stay at home half the year), the country also was overwhelmed by migrants especially from Sierra Leone & Liberia (the failed country built by freed american slaves) the places they used to raid for hundreds of years to pick up slaves and sell them. Idk maybe they felt guilty like the USA now? Well see the result... The OECD has a document about migration in the west african country: www.oecd.org "A country can not tax itself into wealth" Mainstreet is euphoric about the stock market. Tesla bulls are foaming at the mouth. Memories... Permabulls Warren Buffet & Charlie have been buying gold stocks as well as japanese trading firms all of them (Panic? Didn't have time to do their research?) after selling US banks & airlines. The USA will never go down they said. Hey they might be right. What will go down will the the SA not the U SA. Macro analysis has more elements than just monetary policies & unemployement. Migrations (in or out) as well as corporate tax and other will dictate what direction a country goes. Data analysis has shown that a country economic prosperity was almost entirely reliant, as well as directly correlated, to the top 5% of the country. And nowhere is safe (except maybe Monaco). Remember the example of Ghana. Inflation (2019) adjusted a per person GDP of $16,563 in 1982 (France: 29,000; UK: 26,650; Germany: 24,200; Ireland 16,314; Spain 13,850; South Korea 5485; Turkey 5000; China 757 LOL). A per person GDP in 2019 of $2223 down ripple percent (France: 40,471; UK: 42,146; Germany: 46,427; Ireland 80,300 gee; Spain 29,442; South Korea 33,500; Turkey 9,500; China 9,600 thanks state capitalism & SEZ). The USA, or what's left of it can, in the very real world, go down to absolute poverty. It is in the greatest bubble ever it's absolute insanity. Irrational is not a strong enough word for this market. Hysterical maybe. Really not that hard to invest long term. Look for the countries business friendly. Then go from macro to digging down aaaaand I don't know how to do this. Sounds boring. Learn or hire someone maybe. Maybe I would just buy a basket of slow growth diversified safe indexes in business friendly countries. If the usd or us indices start to violently go down in waves lasting days or weeks now that I know what to do. China which is holding the biggest usd ponzi bags has made no secret of its fears. And they have been dumping, and continue to dump. Am short USDCNH. Right now the USD bears are at ath, it's more shorted than it has been at least in years. I also have a long on usd against another currency. Even if very shorted it can go make a big move down before bouncing, but once it starts to bounce it can really go up forcing speculators to over, unless the central bank come out with a bazooka literally robbing money from the ignorant US public (that are overly joyful about it) and putting it in the pocket of guys like me. China, speculators, the FED, every one is selling (or increasing the available supply by printing same result). If the price keeps going down China could panic sell big chunks at once. To be convinced a new trend going up is / might be starting I'd want a strong green move or a bottom and not a tiny one. America will be a net exporter again! They are going to become a big net exporter of wealth. Thanks guys 💖
Long
by MrRenev
3
Worse-than-expected economic data implies S&P 500 downturnRetail sales data, industrial production data, and capacity utilization data for March all came in quite a bit worse than analyst forecasts today. The Empire State manufacturing index for April also hit a record low, falling nearly 40 points more than expected. Bankruptcies are also piling up this week at a much faster pace than last week. Publicly traded companies that declared bankruptcy include FTR , HOSS , and LKSD . Also at imminent bankruptcy risk are JCP , CLUB , and I . Lots of private companies have also gone into bankruptcy, including the XFL, True Religion, FoodFirst, Fairway, Pace Industries, Longview Power, and lots of small farmers in Wisconsin. The cities of Vancouver and El Cerrito are also on imminent bankruptcy watch. These metrics suggest to me that the jobless claims numbers Thursday are going to be bad again. I also think the market is overly optimistic about the long-term economic outlook and the return to normalcy once the economy reopens. Zacks, for instance, is forecasting that most of the lost jobs will return once this is all over. I'm less optimistic that companies, having burned a ton of cash, will be able to rehire the people they laid off. Some jobs are also being automated as we speak. Here's one example of the economic ripple effect the shutdown is going to have. Cities will lose 25-50% of their revenue this year, and they will somehow have to make up their budget shortfalls. Most of them will raise taxes, perhaps in the form of a temporary coronavirus tax. That will be a drag on economic recovery, which will take a lot longer as a result. In terms of technicals, I expect at minimum a near-term test of the 20-day moving average, and possibly the ten-year trend line.
SP:SPXShort
by ChristopherCarrollSmith
10