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I just checked my Schwab account & found it down (-.06%) for the day ! With the markets up across the board for the day, how could this be ? Maybe all the collateral damage from Fridays sell off didn't show up until today ?
Did anyone else happen to find their accounts down on Mondays close ?
I'm 32 financials.
Interest rates reversed, with longer rates falling for a change. Many funds have been hedging against rising rates - so they would have gotten hurt by the reversal. Another interesting factor was the weakness in Asia overnight which affected global / EM funds today. Cheer up (and stay away from windows). Commodities are said to be recovering in overnight trading.
“Did anyone else happen to find their accounts down on Mondays (sic) close ?” - My tracker lost .01%. My portfolio lost .18%
Is the Schmeissing just getting started?
Inquiring minds want to know...
Yesterday, Bill Fleckenstein, who I enjoy reading, predicted the Fed will keep raising rates “until something breaks”, than will “panic” and cut rates. He’s been wrong a lot on his nearer term projections. (Shorting Tesla 2-3 years ago / owned OSTK recently). But does seem to have a reasonably good grasp of the longer term picture. As to making sense of all the conflicting market analysis:
“The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function.”
- F. Scott Fitzgerald
Remember, it's more important to miss the worse days than the best(link).
I posted several ideas YTD on other sites:
1) Best wide range category so far in 2022 is VALUE(VTV), posted in mid-January. See (chart). In my world, it means most of the stocks would be in value.
2) I'm in cash for weeks because high risk conditions were met. It's the longest I have been in cash since 2013. Based on that, I only allowed to make short-term (hours to 2-3 days) trades.
Many pundits say housing bubbles crash maybe imminent ...Not many folks have $ pay mortgage due to current rates/limited new applications /less new house sell...major banks announced jobs cut next quater.
Ukraine / Feds rates/ covid/ lack supplies =/> 2009 crash ?!
We Maybe near begin/mid market crash now
One was briefly in the 1981-1982 recession following a spike in 30-year mortage rates (blue line) to above 18%. The other was more prolonged, between mid 2007 and mid 2012, as mortgage rates declined slowly and gently from 6½% to 3½%.
https://fred.stlouisfed.org/graph/?g=OAHl (interactive graph)
Amazon = leading indicator.
AMZ -16% an hour
befirebefore market close.
Edited to add: as promised: TRAMX down 3 cents to $11.53 or -0.26%. YTD, WSJ webpage shows +10.2%. I'm certainly not enjoying all of that, but I am up with it, ytd. My bond funds will pay me overnight, too. They're down, due to both the Market, and to account for the pay-outs. TUHYX and PRFRX. In Frontier Mkt bonds, I'm keeping an eye on AGEPX. No money thrown at it yet.