Today's rise in the 10-year Treasury yield is the biggest in 5 years, save only two days at the height of the Covid lockdown, and the Monday in June when the Fed leaked its intention to hike by 75bps to the WSJ. pic.twitter.com/qvgzDsVWA6
(WSJ) - U.S. gas prices have fallen for seven straight weeks and are approaching an average price of $4 a gallon, easing the pain of record-high fuel costs amid shrinking global demand for oil.@WSJ#OOTThttps://t.co/6MmamN5QTh
US average #gasprices are now seeing the second largest 60-day decline on record, after seeing the largest 60-day incline on record. The largest 60-day decline was $1.84/gal on 11/28/08. The largest 60-day incline was $1.06/gal on 3/10/22. The current 60-day drop is 90c/gal. pic.twitter.com/KYzcsOzQ0V
More ammunition for a monetary policy pivot? According to data from the New York Fed, three year ahead median inflation expectations fell to 3.18, the lowest since April 2021. In the short-run, much of the drop in expectations driven by food and gasoline. pic.twitter.com/A3FTMbFVUi
If you are planning a RIF, & haven't executed yet, please see this as a lesson. RH did 9% in April, & and now 23%. 5-10% RIFs are "all of the pain, & none of the gain." And are FREQUENTLY followed by 20-30% RIFs later. If you are going to do it, try do do it only once. https://t.co/WRTiCWpxyE
Martin Scorsese and Leonardo DiCaprio's long-in-the-works 19th century serial killer drama "Devil in the White City" has found its lead in Keanu Reeves. Hulu has given the project a straight-to-series order. https://t.co/0SSqHHQlLV
A Wealth of Common Sense is a blog that focuses on wealth management, investments, financial markets and investor psychology. I manage portfolios for institutions and individuals at Ritholtz Wealth Management LLC. More about me here. For disclosure information please see here.
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