Video Credit- Orlando Miner, YouTube 2024
Nope! CPI is up, job report showed over 300,000 new jobs created in the USA and gas prices are spiking.
What does this mean?
Money costs more to borrow, Wallstreet declines, layoffs occur and gold prices spike as the USD will sink. I saw Bitcoin and the stock market dip today, and I didn't leap in to buy this dip. It's wise to hold cash and wait as things sort out. I'm making 5% in money market/ HYSA and in no hurry to buy these bloated markets at all.
Real Estate will eventually decline, but investors will continue to pile money into real assets. There are tons of people on the sidelines waiting for rare cute that will not come this year. GPOW wants to go higher for longer, which means money costs more to roll over and borrow.
What a trap, and as geopolitical issues are flaring up worldwide. We shall see what happens. Despite Election season, it appears that we may see hikes and that may away voters from President Biden.