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Markets January 20, 2021

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  • Markets January 20, 2021

    Let's Go Brandon

    Dow - 31,186 now 30,111

    NASDAQ - 13,461 now 11,052

    S&P 500 - 3,851 now 3.761

    Inflation - 1.4% now 8.3%

    Party on Garth
    If it pays, it stays

  • #2
    Fed Fund Rate January 2021 - 0.25%, Fed Fund Rate now - 3.25%
    If it pays, it stays


    • #3
      30 year fixed rate mortgage in January 2021 - 2.25%, Now 6.25%
      If it pays, it stays


      • #4
        Bitcoin January 2021 33,053, now 19,226
        If it pays, it stays


        • #5
          Ounce of gold, Jan. 20, 2021 - $1708.64.

          Today $1682.20 (up $6.50 from yesterday)
          • "If we want equal outcomes, we need to take into account not everybody starts out on the same base, and we have to make adjustments." — Kamala Harris, explaining the "Equity" part of DEI, not laughing.
          • "Florida is where Woke goes to die." — Ron DeSantis.
          • "No one is above the law, and everyone has the right to a trial to prove innocence." — Nancy Pelosi, explaining our radically transformed system of justice.​​
          • "Put aside all of these issues of concern about liberties and personal liberties and realize we have a common enemy." — Dr. Anthony Fauci, foreshadowing NM Gov. Michelle Grisham..
          • "The woke mind virus is either defeated or nothing else matters." — Elon Musk, clarifying Fauci:​​​
          • "Don't underestimate Joe's ability to fuck things up."— Barack Obama's 1st Rule of Joe Biden.
          • "The way I see it, there's always, c'mon, there's always money. It's there." — Elizabeth Warren, explaining socialism.
          • "The interesting thing about the Green New Deal is it wasn't originally a climate thing at all.... We really think of it as a how-do-you-change-the-entire-economy thing." — Saikat Chakrabarti, then AOC's Chief of Staff.


          • #6
            As I write this...
            Dow -443.02 29638.71
            S&P -66.32 3691.67
            Nasdaq -183.81 10833.00

            Good work, Joe!!!
            We are so fucked.


            • #7
              The average American has lost more than $4,000 in annual income since President Biden took office due to soaring inflation and higher interest rates thus wiping out income gains under the previous administration, according to data compiled by the Heritage Foundation.

              Experts at the conservative think tank analyzed consumer prices data and the Federal Reserve’s interest rates and found in a Friday report that Americans have lost the equivalent of $4,200 of income per capita since January 20, 2021.

              Consumer prices have risen 12.7% since January 2021, much faster than wages, which Heritage analysts say has cost the average American worker $3,000 in annual purchasing power.
              If it pays, it stays


              • #8

                If it pays, it stays