ADP: 517K; Chicago PMI: 66.3

 both strong numbers .. + 2.25T infrastructure plan  = rates rising .. teenies 1.75+ .. holding the milestone 

but does this good news become bad news ..?

next stop 2.0 ..!

Archegos fiasco ..

Do you believe that it's one of a kind or the tip of an iceberg as the rates rise, what would it do to the highly leveraged world, including US Feds?

 

think about it ...!

vaccination is only solving last year's problem ...

even with 3M vaccines each day, the number of cases are still rising ... because the current version of the vaccine is only fixing last year's problem ..!

high cons confidence + stimulus

 = rising rate & inflation ..!

the party is over, & get ready for high corp. taxes & unions ...

 & the mother of all INFLATION ..!

Zebriskie point - Death Valley NP

 

Fed decided to expire the supp lev ratio

 no more relief for the banks

rates jumped from 1.68 to 1.74 as expected

teenies cosses 1.75 ...

30 years at 2.5 despite al assurance from Fed Chief

S&P drops 2%, market didn't like Fed chief's message; howsoever, massaged it was ..!

market verdict before FOMC

 teenies 1.676 (at open); 1.689 (high pre-FOMC)

no rate change; as expected 

post announcement: 1.635 .. but what showed the biggest move is dollar ... which had a big drop; & of course, gold went opposite.

inflation is expected to rise 2.4% this year and Feds plan to deem it as transient - i.e. no action.

80B treas & 40B MBS monthly purchase; so the liquidity remains.

Feb RS (3p)

 but market is already looking for the next stimulus check.

walk on the dam.. Hoover Dam

a new addittion to TheVIP's kitchen

                                                                   creamy artichoke pasta

Happy Maha Shiva ratri

 

President Biden signs the $1.9T relief bill --

as dems say, it has something for everyone, and I say, free money for all .. & it begins the inflationary era in USA ..!

 S&P touched Feb High and now will wait for FOMC due in a week.

lower than exepected CPI took away immediate inflation fears ... market crosses 3900

crude touching 70 is not a good start for Biden presidency ...

futures dropped 2p ON, but recovered in morning as tennies touched 1.6; and now Japanese are interested in buying US teenies.

so it becomes a huge issue for Feds, do they keep on buying USTr to keep the rates low or let the rates rise as the economy & inflation grow with flood of money, not to say the rising stock market and & real-estate .. 

it sounds like you love your chicken and want to have chicken masala.. oh .. i am still vegetarian ..!

A new additon to TheVip's kitchen #brown

                                                             #brown home made

NFP 379K UNEMP 6.2% ...

 teenies jumped to 1.626

except energy/crude, rest of the market takes big hit today...

led by big-tech, a 6% drop from the high .. 2d drop of the year .. Jan was 4% .. NSDQ in red for the year.

lack of leadership in dems

Both Bernie Sanders and Elizabeth Warren have yet to realize that they are no longer candidates for US presidency .. Warren still singing the 2% wealth tax; they should realize that any proposal of this nature should only come from the President ... then again, its just bunch of merry go round folks with total lack of leadership .. but then they know that President hardly makes any sense .. that workers should be able to unionize even if they they do have an agenda/issues.

Biden says employees must be able to form a union ...

but then some are wondering the role of a union .. & they say, its for the unions to figure out ..

so we should have an organization even if we don't know its purpose ..!

how fucked up thinking is that ..!