S&P 500 doesn't tell whole story thanks to Magnificent 7: Key resistance levels to watch

Technical analyst Bob Lang said markets are in a textbook downtrend and the S&P 500 isn't capturing what's really happening behind the scenes. Watch the video above for a sneak peek of what he told members of the Action Alerts PLUS investing club. Related: Why Google stock is tanking — and where it could go next FULL VIDEO TRANSCRIPT BELOW: J.D. DURKIN: Bob, you noted that sellers have been winning out in what's normally a seasonally strong period for the market. Do you still feel that way as we close out this week? Where are you? BOB LANG: Yeah, J.D. , it's a continuation of the prior two months' chart indices. Specifically, the Russell 2000 and the S&P 500 are trending down, making lower highs, lower lows. And what that is that? That is the textbook downtrend, trending downward with lower highs and lower lows. This is a textbook definition of a downward move. The bulls, obviously, were very hopeful that the calendar was going to be working in their favor this time around. And as we often enjoy a bullish seasonality this time of year, it just hasn't happened so far. But, of course, things can change. We have a new month coming up. We have the best six month period of the year coming up starting November 1. It lasts all the way through the end of April. But with only three sessions left in October, J.D. , it's looking as if we will have three consecutive down months as we start the last two months of the year and perhaps some more selling. But you know what, don't call me the Grinch. J.D. DURKIN: I would never call you the Grinch, of all the things, Bob. So let's talk about this S&P level here because we're right now about 4140 and change. We haven't really seen this level since May. A lot of technicians have been following this support level at 4200, 4220, wondering if we would break below that. But like you said, we're kind of in a little bit of a new ball game in the last few trading sessions. Bob, is there a new S&P level that you're targeting now that you have your eyes on as we move forward? BOB LANG: Well, J.D. I'd be looking at the 4100 level to hold firm, and if that doesn't hold firm, there's plenty of areas below there that the S&P 500 can travel to and just fill normal gaps. So that 4200 level that you mentioned a few moments ago was the big one to hold in it, and it cut through it like a hot knife through butter on Wednesday. And so that becomes a really heavy resistance point because yesterday the move was confirmed to the downside. Now, to the downside, again, I mentioned that 4100 level, which should see a little bit of support there. And if we do get to an extreme oversold reading, we should probably get a really nice bounce off that 4100 level. But I'm not sure if that's going to be an area where investors and traders are just going to use rallies to go ahead and sell. That's been pretty much the MO of investors and traders since the beginning part of August. Any rallies has been a selling opportunity. But below that 4100 level, there's some gaps that still remain to be filled at around 3950 or so and a little bit below there. I know people aren't happy. They're going to be a little discouraged if we get down to those areas over there. But look, we'll talk about it in a little while, the average stock is down in 2023. So if you're in a few select names, you're doing pretty well. But otherwise, the average stock is down versus the rest of the market. J.D. DURKIN: Bob, I've got to admit I shuddered a little bit when I heard you say 39 and change. We haven't had that level in a long time. And you're right because we have the S&P 500. But if you look at the equal weight for the S&P and you don't consolidate these names, you're down 3% to 4% equal weight S&P so far in 2023. So that top line figure, especially with those Magnificent Seven stocks, does not always tell the story.
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*Taylor Swift net worth 2023*

For years, Taylor Swift has been in the headlines for both her career and her cash moves. The talented singer and songwriter's 'Eras' tour was so popular that high demand put Swift head-to-head with Ticketmaster (TKTM) - Get Free Report. That very same tour shattered earnings records, and is estimated to gross about $1.4 billion in revenue and funnel an estimated $5 billion into local economies. Then 'The Eras Tour' documentary dropped, making another $120 million at the box office. Now, Swift has hit a new financial milestone.Related: Taylor Swift 'Eras Tour' film smashes box office records but can't lift AMCWhat is Taylor Swift's net worth? At the end of 2023, Taylor Swift's net worth reached a calculated $1.1 billion, according to Bloomberg. That's right, Taylor Swift is a billionaire now. She's 33 years old. Swift isn't the first pop star to join the billionaire's club. Rihanna, Jay-Z and Paul McCartney have also cracked that upper echelon of wealth.How much does Taylor Swift make per concert? The 'Eras' tour made an estimated $4.3 billion according to a recent analysis by Bloomberg Economics. The average ticket cost alone is $254 before resale. A lot of different people get paid out of that sum, though. It's difficult to know exactly how much Swift takes home for each performance. Merchandise sales will also factor heavily into the tour's overall profitability — and the tour isn't set to wrap until November 2024.Taylor Swift and the NFL As usual, Taylor Swift's romantic life is always a topic of hot conversation — so when NFL star Travis Kelce was revealed to be her new beau, everyone knew about it overnight. This relationship with a football star like Kelce has caused speculation that Swift, whose public persona is known to be very intentional, has some kind of a deal with the NFL. One thing is for sure, Swift, Kelce, and the NFL are all seeing a financial boost thanks to the new relationship. Swift still out-earns her new flame, though.Related: Travis Kelce's net worth: How much the NFL player makes thanks to contracts, endorsements, and moreIt's not just Swift who's wealthy In January, Swift's cat became the third wealthiest cat in the world. The singer's costar in the "Blank Space" music video is named Olivia Benson after the lead detective from 'Law & Order: SVU'. Olivia is valued at a very impressive $97 million. View the original article to see embedded media.
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Taylor Swift net worth 2023

For years, Taylor Swift has been in the headlines for both her career and her cash moves. The talented singer and songwriter's 'Eras' tour was so popular that high demand put Swift head-to-head with Ticketmaster (TKTM) - Get Free Report. That very same tour shattered earnings records, and is estimated to gross about $1.4 billion in revenue and funnel an estimated $5 billion into local economies. Then 'The Eras Tour' documentary dropped, making another $120 million at the box office. Now, Swift has hit a new financial milestone.Related: Taylor Swift 'Eras Tour' film smashes box office records but can't lift AMCWhat is Taylor Swift's net worth? At the end of 2023, Taylor Swift's net worth reached a calculated $1.1 billion, according to Bloomberg. That's right, Taylor Swift is a billionaire now. She's 33 years old. Swift isn't the first pop star to join the billionaire's club. Rihanna, Jay-Z and Paul McCartney have also cracked that upper echelon of wealth.How much does Taylor Swift make per concert? The 'Eras' tour made an estimated $4.3 billion according to a recent analysis by Bloomberg Economics. The average ticket cost alone is $254 before resale. A lot of different people get paid out of that sum, though. It's difficult to know exactly how much Swift takes home for each performance. Merchandise sales will also factor heavily into the tour's overall profitability — and the tour isn't set to wrap until November 2024.Taylor Swift and the NFL As usual, Taylor Swift's romantic life is always a topic of hot conversation — so when NFL star Travis Kelce was revealed to be her new beau, everyone knew about it overnight. This relationship with a football star like Kelce has caused speculation that Swift, whose public persona is known to be very intentional, has some kind of a deal with the NFL. One thing is for sure, Swift, Kelce, and the NFL are all seeing a financial boost thanks to the new relationship. Swift still out-earns her new flame, though.Related: Travis Kelce's net worth: How much the NFL player makes thanks to contracts, endorsements, and moreIt's not just Swift who's wealthy In January, Swift's cat became the third wealthiest cat in the world. The singer's costar in the "Blank Space" music video is named Olivia Benson after the lead detective from 'Law & Order: SVU'. Olivia is valued at a very impressive $97 million. View the original article to see embedded media.
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*Onyx BOOX Tab Ultra C Pro is a faster 10.3 inch E Ink Color tablet with pen and keyboard support*

The Onyx BOOX Tab Ultra C Pro is a 10.3 inch tablet with an E Ink Kaleido 3 color display, support for pen and keyboard input, a 16MP rear camera, and Android-based software that lets you use the device for reading, taking notes, or running a large number of third-party apps. In other words, it’s a […] The post Onyx BOOX Tab Ultra C Pro is a faster 10.3 inch E Ink Color tablet with pen and keyboard support appeared first on Liliputing.
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*Jamie Dimon is selling JPMorgan shares next year*

When times are looking their bleakest, people look to their leaders for light. The banking sector has seen some turmoil in recent months with macroeconomic concerns sending the Invesco KBW Bank ETF (KBWB) - Get Free Report falling more than 6% over the previous four weeks. Related: JP Morgan leaps on Q3 earnings beat, but CEO Jamie Dimon warns on 'dangerous' global risks One of the major signs of company weakness investors look for is executives selling off stock. It's a giant red flag if people whose compensation is directly tied to their company stock holdings start selling shares. Jamie Dimon has held onto his JPMorgan Chase (JPM) - Get Free Report stock with diamond hands that would make most meme stock apes jealous. The CEO of the world's largest investment bank hasn't sold any stock in his company since he took helm of the company 18 years ago. That streak will come to an end next year when Dimon and his family will begin unloading shares currently worth about $141 million. Dimon will use the proceeds from the sale for "financial diversification and tax-planning purposes" according to a regulatory filing Friday. Despite the ominous signal this gives markets, the filing insists that "Dimon continues to believe the company's prospects are very strong and his stake in the company will remain very significant." The Dimon family currently holds about 8.6 million shares in addition to 561,793 unvested performance share units and stock appreciation rights to 1.5 million shares. Dimon was paid $34.5 million in salary for 2023, including a base salary of $1.5 million and a performance-incentive of $33 million. He has a net worth of about $2 billion, according to Bloomberg Billionaires Index. Earlier this month, JPMorgan reported better-than-expected third quarter earnings, thanks in a part to a surge in net interest income, while warning that geo-political risks have created "the most dangerous time the world has seen in decades." "Currently, U.S. consumers and businesses generally remain healthy, although, consumers are spending down their excess cash buffers," said Dimon. "However, persistently tight labor markets as well as extremely high government debt levels with the largest peacetime fiscal deficits ever are increasing the risks that inflation remains elevated and that interest rates rise further from here." Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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Jamie Dimon is selling JPMorgan shares next year

When times are looking their bleakest, people look to their leaders for light. The banking sector has seen some turmoil in recent months with macroeconomic concerns sending the Invesco KBW Bank ETF (KBWB) - Get Free Report falling more than 6% over the previous four weeks. Related: JP Morgan leaps on Q3 earnings beat, but CEO Jamie Dimon warns on 'dangerous' global risks One of the major signs of company weakness investors look for is executives selling off stock. It's a giant red flag if people whose compensation is directly tied to their company stock holdings start selling shares. Jamie Dimon has held onto his JPMorgan Chase (JPM) - Get Free Report stock with diamond hands that would make most meme stock apes jealous. The CEO of the world's largest investment bank hasn't sold any stock in his company since he took helm of the company 18 years ago. That streak will come to an end next year when Dimon and his family will begin unloading shares currently worth about $141 million. Dimon will use the proceeds from the sale for "financial diversification and tax-planning purposes" according to a regulatory filing Friday. Despite the ominous signal this gives markets, the filing insists that "Dimon continues to believe the company's prospects are very strong and his stake in the company will remain very significant." The Dimon family currently holds about 8.6 million shares in addition to 561,793 unvested performance share units and stock appreciation rights to 1.5 million shares. Dimon was paid $34.5 million in salary for 2023, including a base salary of $1.5 million and a performance-incentive of $33 million. He has a net worth of about $2 billion, according to Bloomberg Billionaires Index. Earlier this month, JPMorgan reported better-than-expected third quarter earnings, thanks in a part to a surge in net interest income, while warning that geo-political risks have created "the most dangerous time the world has seen in decades." "Currently, U.S. consumers and businesses generally remain healthy, although, consumers are spending down their excess cash buffers," said Dimon. "However, persistently tight labor markets as well as extremely high government debt levels with the largest peacetime fiscal deficits ever are increasing the risks that inflation remains elevated and that interest rates rise further from here." Get investment guidance from trusted portfolio managers without the management fees. Sign up for Action Alerts PLUS now.
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*Why these beloved classic fashion brands are in danger of dying off*

Several beloved clothing and accessory brands spanning from outdoor gear to workwear are under the microscope by investors looking to shake things up. Related: Popular mall retailer facing potential Chapter 11 bankruptcy A recent report in the Business of Fashion says that large stakes in the VF Corporation (VFC) - Get Free Report have been made by two separate activist investors this month, and can cause a rift in the corporation’s brand portfolio. Investment fund Legion Partners Asset Management joins hedge fund Engaged Capital, as they both bought large stakes in the Denver-based brand manager this month, and are already asking for some big shifts that could spell demise for loyal shoppers. CENTRAL VALLEY, NY - AUGUST 26: The NORTH FACE sign hangs in front of their store at the Woodbury Common Premium Outlets shopping mall on August 26, 2018 in Central Valley, New York. (Photo by Gary Hershorn/Getty Images) Gary Hershorn/Getty Images The California-based Engaged Capital is urging the VF Corporation to cut costs and review its portfolio of brands (except for Vans and the North Face, both of which are performing well), use cash flow to pay back their debt and to replace some members on the board. Legion shares a similar sentiment; they are asking VF to sell off poorly performing labels like the outdoor boot brand Timberland. According to WD Partners retail consultant Lee Peterson, VF’s stock is down 35% since last year. The moves of the activist investors comes as no surprise to other outside analysts, particularly GlobalData Managing Director Neil Saunders. “Quite honestly, what they’re asking of VF is not unreasonable,” said Saunders. “Cutting costs and streamlining operations are what VF should be doing anyway.” PARIS, FRANCE - SEPTEMBER 18: A trunk and a skateboard for Louis Vuitton and Supreme are displayed during "Mode Et Sport, D'un Podium A L'Autre" exhibition at Musee Des Arts Decoratifs on September 18, 2023 in Paris, France. (Photo by Chesnot/Getty Images) Chesnot/Getty Images Currently, VF has a portfolio of 12 brands, including the elusive streetwear and skateboarding label Supreme, skateboarding brand Vans, outdoor brands Timberland and The North Face, Dickies workwear, as well as backpack makers JanSport and Eastpak. With all these brands under their belt, it can be hard to manage. “We’re not seeing VF’s acquisition strategy work as well as it once did,” Saunders said. “Divesting some of its brands would be sensible because it allows the company to focus on areas of best growth.” Engaged and Legion’s moves come after newly appointed VF chief executive Bracken Darrell told investors that he would turn around the company’s slumping portfolio of brands with “a sense of urgency.” More Retail:‘Too pretty’ Home Depot worker faces backlash after viral mirror postA classic kitchenware brand files for Chapter 11 bankruptcyWho’s running The Gap? With no CEO, retailer hurtles towards crisis In a statement, VF Corp. said that they “value the views of our shareholders and seek to maintain an open dialogue with the investment community,” and that “VF’s Board and leadership team, including our recently appointed CEO Bracken Darrell, are taking immediate and decisive actions to strengthen the company’s position and return VF to strong, sustainable, and profitable growth in the interests of all our shareholders.” Earlier this year, VF Corp. announced that it will be selling its backpacks division, which includes brands Kipling, Eastpak and JanSport. On October 23, VF announced that it tapped former Nike executive Trevor Edwards as a new board member. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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Why these beloved classic fashion brands are in danger of dying off

Several beloved clothing and accessory brands spanning from outdoor gear to workwear are under the microscope by investors looking to shake things up. Related: Popular mall retailer facing potential Chapter 11 bankruptcy A recent report in the Business of Fashion says that large stakes in the VF Corporation (VFC) - Get Free Report have been made by two separate activist investors this month, and can cause a rift in the corporation’s brand portfolio. Investment fund Legion Partners Asset Management joins hedge fund Engaged Capital, as they both bought large stakes in the Denver-based brand manager this month, and are already asking for some big shifts that could spell demise for loyal shoppers. CENTRAL VALLEY, NY - AUGUST 26: The NORTH FACE sign hangs in front of their store at the Woodbury Common Premium Outlets shopping mall on August 26, 2018 in Central Valley, New York. (Photo by Gary Hershorn/Getty Images) Gary Hershorn/Getty Images The California-based Engaged Capital is urging the VF Corporation to cut costs and review its portfolio of brands (except for Vans and the North Face, both of which are performing well), use cash flow to pay back their debt and to replace some members on the board. Legion shares a similar sentiment; they are asking VF to sell off poorly performing labels like the outdoor boot brand Timberland. According to WD Partners retail consultant Lee Peterson, VF’s stock is down 35% since last year. The moves of the activist investors comes as no surprise to other outside analysts, particularly GlobalData Managing Director Neil Saunders. “Quite honestly, what they’re asking of VF is not unreasonable,” said Saunders. “Cutting costs and streamlining operations are what VF should be doing anyway.” PARIS, FRANCE - SEPTEMBER 18: A trunk and a skateboard for Louis Vuitton and Supreme are displayed during "Mode Et Sport, D'un Podium A L'Autre" exhibition at Musee Des Arts Decoratifs on September 18, 2023 in Paris, France. (Photo by Chesnot/Getty Images) Chesnot/Getty Images Currently, VF has a portfolio of 12 brands, including the elusive streetwear and skateboarding label Supreme, skateboarding brand Vans, outdoor brands Timberland and The North Face, Dickies workwear, as well as backpack makers JanSport and Eastpak. With all these brands under their belt, it can be hard to manage. “We’re not seeing VF’s acquisition strategy work as well as it once did,” Saunders said. “Divesting some of its brands would be sensible because it allows the company to focus on areas of best growth.” Engaged and Legion’s moves come after newly appointed VF chief executive Bracken Darrell told investors that he would turn around the company’s slumping portfolio of brands with “a sense of urgency.” More Retail:‘Too pretty’ Home Depot worker faces backlash after viral mirror postA classic kitchenware brand files for Chapter 11 bankruptcyWho’s running The Gap? With no CEO, retailer hurtles towards crisis In a statement, VF Corp. said that they “value the views of our shareholders and seek to maintain an open dialogue with the investment community,” and that “VF’s Board and leadership team, including our recently appointed CEO Bracken Darrell, are taking immediate and decisive actions to strengthen the company’s position and return VF to strong, sustainable, and profitable growth in the interests of all our shareholders.” Earlier this year, VF Corp. announced that it will be selling its backpacks division, which includes brands Kipling, Eastpak and JanSport. On October 23, VF announced that it tapped former Nike executive Trevor Edwards as a new board member. Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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*Virgin Atlantic about to axe route from London to Austin*

For the last several years, Austin, Tex. has been the hottest place to be according to any number of factors. The real estate market spiked from the rush of young professionals moving there to escape even higher California prices. And airlines such as Air Canada (ACDVF) - Get Free Report and Aeromexico (GRPAF) - Get Free Report launched new routes to serve the growing numbers of tourists to the city. While traditionally seen as a "young person's city," Austin has also been seeing an increase of new residents coming there to retire.Related: An unexpected trending city is attracting thousands of retirees each month But throughout the rise of Austin's popularity, there have also been voices saying that the "flash in the pan" moment may soon come to a crash. Flight crew from Virgin Atlantic's team poses for a photo. Virgin Atlantic Virgin Atlantic made the 'tough decision' to cut route At least one airline, British Virgin Atlantic (SPCE) - Get Free Report, is already seeing lower demand and will be canceling its route between London's Heathrow Airport and Austin in January 2024. The flight currently runs on Wednesdays, Fridays, and Sundays on a Boeing 787-9 and takes just over 10 hours. More travel stories:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane "We’ve adored flying our customers to Austin and experiencing this wonderful city of music and culture, but demand in the Tech sector is not set to improve in the near term, with corporate demand at 70% of 2019 levels," Virgin Atlantic's Chief Commercial Officer Juha Jarvinen said in a statement. "Therefore, sadly we made the tough decision to withdraw services." The route was launched in May 2022 amid the explosion of Austin demand but will officially be cut on Jan. 7, 2024 — those who want to fly to the city from London still have a few months to do it while those who have booked flights past that time will be contacted by Virgin for a refund. The ongoing attempt to turn Austin into a Texas tech hub (as well as the rising numbers of tech professionals moving there) were what initially pushed Virgin to launch the flight, but the bubble appears to have burst as some leave, and the number of tech businesses there normalizes to be more in line with a city of Austin’s size.Virgin instead ramping up flights to these cities After this service is cut, Virgin Atlantic will increase flights from London to Barbados from 11 times a week to 14 times a week by March 2024 and flights to Miami from 11 to 14 for the summer 2024 season. In the winter of 2025, Virgin will also start running flights to Dubai from London seven times a week instead of the previous four. All of these cities are currently seeing high demand from both tourists and business travelers. As major hubs for travel in their respective regions, Miami and Dubai also provide the high volume of traffic that can be redirected for those going to smaller cities. "We'd like to thank everyone in Austin; our customers, teams, partners and the authorities for their support over the past 18 months," Jarvinen said.
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Virgin Atlantic about to axe route from London to Austin

For the last several years, Austin, Tex. has been the hottest place to be according to any number of factors. The real estate market spiked from the rush of young professionals moving there to escape even higher California prices. And airlines such as Air Canada (ACDVF) - Get Free Report and Aeromexico (GRPAF) - Get Free Report launched new routes to serve the growing numbers of tourists to the city. While traditionally seen as a "young person's city," Austin has also been seeing an increase of new residents coming there to retire.Related: An unexpected trending city is attracting thousands of retirees each month But throughout the rise of Austin's popularity, there have also been voices saying that the "flash in the pan" moment may soon come to a crash. Flight crew from Virgin Atlantic's team poses for a photo. Virgin Atlantic Virgin Atlantic made the 'tough decision' to cut route At least one airline, British Virgin Atlantic (SPCE) - Get Free Report, is already seeing lower demand and will be canceling its route between London's Heathrow Airport and Austin in January 2024. The flight currently runs on Wednesdays, Fridays, and Sundays on a Boeing 787-9 and takes just over 10 hours. More travel stories:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane "We’ve adored flying our customers to Austin and experiencing this wonderful city of music and culture, but demand in the Tech sector is not set to improve in the near term, with corporate demand at 70% of 2019 levels," Virgin Atlantic's Chief Commercial Officer Juha Jarvinen said in a statement. "Therefore, sadly we made the tough decision to withdraw services." The route was launched in May 2022 amid the explosion of Austin demand but will officially be cut on Jan. 7, 2024 — those who want to fly to the city from London still have a few months to do it while those who have booked flights past that time will be contacted by Virgin for a refund. The ongoing attempt to turn Austin into a Texas tech hub (as well as the rising numbers of tech professionals moving there) were what initially pushed Virgin to launch the flight, but the bubble appears to have burst as some leave, and the number of tech businesses there normalizes to be more in line with a city of Austin’s size.Virgin instead ramping up flights to these cities After this service is cut, Virgin Atlantic will increase flights from London to Barbados from 11 times a week to 14 times a week by March 2024 and flights to Miami from 11 to 14 for the summer 2024 season. In the winter of 2025, Virgin will also start running flights to Dubai from London seven times a week instead of the previous four. All of these cities are currently seeing high demand from both tourists and business travelers. As major hubs for travel in their respective regions, Miami and Dubai also provide the high volume of traffic that can be redirected for those going to smaller cities. "We'd like to thank everyone in Austin; our customers, teams, partners and the authorities for their support over the past 18 months," Jarvinen said.
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*This TikToker Found a Brilliant Way to Hide Dog Poop Bags in Plain Sight*

This stylish item will save you a long walk to the garbage bin. READ MORE...
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*Why every investor should care about the 10-year treasury yield*

In this sneak peak from the Action Alerts PLUS investing club, team member and technical analyst Bob Lang explains the key clues the bond market holds about the Federal Reserve, markets and more.Related: S&P 500 Doesn't Tell Whole Story Thanks to Magnificent 7: Key Resistance Levels to WatchFULL VIDEO TRANSCRIPT BELOW: J.D. DURKIN: We've heard lots of different pundits throw around buzzwords around bonds as of late. Can you simplify all of this for us, Bob? What does the recent trading tell you, and why should the average member of the portfolio at home care about what they're seeing in that particular yield movement? BOB LANG: Well, when yields rise, J.D. , it means borrowing costs are much more expensive, and it costs more money to buy a house, to get a loan. Credit card interest rates are higher, and the whole-- your bond holdings, if there's a lot of investors who have long term bond holdings, those prices are going down. Because when yields-- remember, yields and prices move in the opposite direction. I think not only-- when you talk about bonds, J.D. , not only is the Fed selling bonds, they're selling them at a very rapid rate now, close to $100 billion a month. They're selling them off their balance sheet, but also we're seeing that the Chinese have also been selling bonds at a slower clip over the past couple of years. Their balance sheet of US treasuries has been reduced drastically, and you have to figure out-- try to figure out who is going to take these fixed income instruments off their hands. I just don't see it happening. And that's-- which is the demand for those bonds is low. You see yields starting to rise. We could certainly see 6% on the 10 year anytime soon. Don't forget we have another car wreck potential coming up with the government-- potential government shutdown in a few weeks. And of course, if that gets resolved, we could see the markets starting to rise. But like last time they just put a Band-Aid over it. And then we, of course, have new leadership in Congress this week, which may not be willing to play ball with President Biden. If the government shuts down or the circus continues, we are likely to get a downgrade of our debt, and rates will certainly climb on that news. So interestingly enough, treasuries at 5% to 6%, interestingly enough, are much more attractive for a yield than say the Russell 2000, which is down 6% in 2023. J.D. DURKIN: Do you see-- I mean, some have said they might see that 10 year even going north of 10%. Is that anything that you foresee happening or you are concerned about, Bob? BOB LANG: If the Fed does not rein in inflation, anything is on the table, and I mean anything. I mean a double digit inflation we've had last year, it just continues to go on. We need to see negative readings now. With the work that the Fed has done for the past year and a half, it's slowly growing into-- it's dripping down into the economy. But it's not having an effect on inflation yet. So I think the Fed has to shift into another gear here and start saying, look, we've got to be a little bit more serious, a little bit more onerous on interest rates and push them up to levels that can certainly separate the economy from inflation.
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Why every investor should care about the 10-year treasury yield

In this sneak peak from the Action Alerts PLUS investing club, team member and technical analyst Bob Lang explains the key clues the bond market holds about the Federal Reserve, markets and more.Related: S&P 500 Doesn't Tell Whole Story Thanks to Magnificent 7: Key Resistance Levels to WatchFULL VIDEO TRANSCRIPT BELOW: J.D. DURKIN: We've heard lots of different pundits throw around buzzwords around bonds as of late. Can you simplify all of this for us, Bob? What does the recent trading tell you, and why should the average member of the portfolio at home care about what they're seeing in that particular yield movement? BOB LANG: Well, when yields rise, J.D. , it means borrowing costs are much more expensive, and it costs more money to buy a house, to get a loan. Credit card interest rates are higher, and the whole-- your bond holdings, if there's a lot of investors who have long term bond holdings, those prices are going down. Because when yields-- remember, yields and prices move in the opposite direction. I think not only-- when you talk about bonds, J.D. , not only is the Fed selling bonds, they're selling them at a very rapid rate now, close to $100 billion a month. They're selling them off their balance sheet, but also we're seeing that the Chinese have also been selling bonds at a slower clip over the past couple of years. Their balance sheet of US treasuries has been reduced drastically, and you have to figure out-- try to figure out who is going to take these fixed income instruments off their hands. I just don't see it happening. And that's-- which is the demand for those bonds is low. You see yields starting to rise. We could certainly see 6% on the 10 year anytime soon. Don't forget we have another car wreck potential coming up with the government-- potential government shutdown in a few weeks. And of course, if that gets resolved, we could see the markets starting to rise. But like last time they just put a Band-Aid over it. And then we, of course, have new leadership in Congress this week, which may not be willing to play ball with President Biden. If the government shuts down or the circus continues, we are likely to get a downgrade of our debt, and rates will certainly climb on that news. So interestingly enough, treasuries at 5% to 6%, interestingly enough, are much more attractive for a yield than say the Russell 2000, which is down 6% in 2023. J.D. DURKIN: Do you see-- I mean, some have said they might see that 10 year even going north of 10%. Is that anything that you foresee happening or you are concerned about, Bob? BOB LANG: If the Fed does not rein in inflation, anything is on the table, and I mean anything. I mean a double digit inflation we've had last year, it just continues to go on. We need to see negative readings now. With the work that the Fed has done for the past year and a half, it's slowly growing into-- it's dripping down into the economy. But it's not having an effect on inflation yet. So I think the Fed has to shift into another gear here and start saying, look, we've got to be a little bit more serious, a little bit more onerous on interest rates and push them up to levels that can certainly separate the economy from inflation.
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*Target’s $10 Christmas Pillows Are So Plush, You’ll Want Them All*

You need this dachshund in a Christmas sweater. READ MORE...
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Target’s $10 Christmas Pillows Are So Plush, You’ll Want Them All

You need this dachshund in a Christmas sweater. READ MORE...
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*Франшизу «Фантастические твари» закрыли после третьего фильма*

Слухи о пяти сериях оказались «спонтанным упоминанием» Джоан Роулинг.
[Read more...](https://lifehacker.ru/franshizu-fantasticheskie-tvari-zakryli/)

*Форма одежды и знаки*

via forma full 5 https://ift.tt/hL8zyu9 Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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Форма одежды и знаки

via forma full 5 https://ift.tt/hL8zyu9 Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
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*Сколько спят гении и правда ли долгий сон вреден: объясняет сомнолог Роман Бузунов*

Вместе с практикующим врачом разоблачаем мифы о ночном отдыхе.
[Read more...](https://lifehacker.ru/dlitelnost-sna/)

*After three years, Sony declares an end to PlayStation 5 supply chain issues.*

In the midst of late 2020, holiday shoppers faced one of the biggest disappointments of the season: the inability to get their hands on the newly released PlayStation 5. A global chip shortage, caused by the Covid pandemic, led to only a limited number of game consoles for sale. Consumers were left furious when they faced crashing websites when trying to buy the PS5 and encountered even more limited stock due to scalper bots automatically purchasing consoles in bulk. But according to Sony, this holiday season will be a complete 360 from the debacle that took place three years ago. In a recent interview with Barron’s, Sony executive Eric Lempel said that the company is expecting historical holiday sales for consoles. “We’ve had consoles a bit here and there over the last three holidays, but this is the first time we’re in full supply and we’re thrilled about that,” he said. “Our outlook on PlayStation 5 is really strong. We’re expecting one of the strongest seasons in our history in terms of console sales.” More technology stories:The company behind ChatGPT is now facing a massive lawsuitProminent EV company says latest deal will be the first of manyApple makes a big new move with Elon Musk's Twitter In the meantime, it looks like this means that this will be more bad news for scalpers who during the shortage sold their stock of PS5 consoles at inflated prices to consumers who were itching to get their hands on the limited supply. In April, it was reported that scalpers were having trouble selling PlayStation 5 consoles, as a user on Reddit pointed out that they were being sold for prices as low as $400 due to the lack of demand. Related: Sony Ups PlayStation Plus Prices in Europe, Australia The lack of demand was most likely due to Sony’s recovery from the chip shortage, leading to a rapid increase in supply of the console. The company sold 3.3 million PS5 consoles in the first quarter of 2023, which is a large increase compared to the 2.4 million units sold in 2022 during the same time last year. While speaking with CNBC earlier this week, Lempel said that Sony was on track to reach its target of selling 25 million PS5 units throughout 2023.
[Read more...](https://www.thestreet.com/retailers/sony-just-gave-holiday-shoppers-a-greater-gift-than-santa)