Economic Data, Detroit Automakers and an Acoustic Tour
Economic Data, Detroit Automakers and an Acoustic Tour
By:James Melton
A weekly look inside Luckbox magazine
You'll probably have to wait longer for that rate cut
Last year, most market pundits expected the Federal Reserve to cut rates during the first quarter of 2024. Then, those same pundits claimed the Fed was certain to cut rates by June 2024. Now, expectations have shifted once again. The first interest rate cut might not happen until Q4 of 2024.
Why is this happening? First, the underlying U.S. economy remains strong, the labor market remains tight and, most recently, the manufacturing sector experienced an unexpected rebound in activity. On top of all that, the inflation problem hasn’t been fully resolved.
And as most recall, rampant inflation was the main reason the Fed started raising rates in the first place. Sugar prices recently hit record highs, while the cost of a dozen eggs has also been rising. And with crude oil prices rallying, gasoline prices are also trending back toward uncomfortably elevated levels. Read the whole story.
Are Ford and GM good investments?
The auto industry has benefitted from a decade of quantitative easing and recent low-interest car loans. Yet share prices for Ford (F) and General Motors (GM), the two largest auto manufacturers based in the United States, have slid back to where they started in 2013.
These stocks look cheap. But de facto electric vehicle mandates and surging consumer debt weigh on their valuations. Is there an opportunity to profit from these equities, or have America’s top auto nameplates become value traps? Read the whole story.
A bumpy road ahead for vehicle electrification
Environmentalists seek to curb carbon emissions, Congress issues tax credits to encourage Americans to buy electric cars, and regulators have nixed natural gas leases and banned drilling for oil on public lands.
It’s all in pursuit of a green utopia where everything is electrified, and 15-minute cities are free of downtown pollution.
But this all-encompassing transition isn’t going to happen in the expected time frame. In fact, we might never achieve it.
Gas-guzzling conveyances aren’t the only reason. Yes, a sizable chunk of the citizenry is choosing internal-combustion over battery-powered transportation. But federal regulation, global supply chain issues and questionable American lawsuits are combining to render the green revolution impossible. Read the whole story.
Jade Bird gets back to her roots with an acoustic tour
To listen to English singer-songwriter Jade Bird sing is to adore Jade Bird. Now imagine chatting with her on the phone.
Rockhound Kendall Polidori says Bird "exudes the confidence and clarity of someone much older and experienced. That’s thanks to the years she spent healing and growing from an emotional long-term breakup and incredible life changes, including writing and recording her latest EP Burn The Hard Drive."
That said, Bird has not been hardened by her experiences. "Instead, she exhibits a certain lightness and joy that’s infectious—her laugh made me feel like I was talking to a lifelong friend," Polidori writes. Read the whole story.
Read the latest edition of Luckbox magazine here.
Not receiving Luckbox? Subscribe for free at getluckbox.com.
James Melton is managing editor of Luckbox magazine. @JDMeltonWriter
For live daily programming, market news and commentary, visit tastylive or the YouTube channels tastylive (for options traders), and tastyliveTrending for stocks, futures, forex & macro.
Trade with a better broker, open a tastytrade account today. tastylive, Inc. and tastytrade, Inc. are separate but affiliated companies.
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.
tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. tastylive is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read the applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange-Traded Options Risk Disclosure found on tastytrade.com/disclosures.
tastytrade, Inc. ("tastytrade”) is a registered broker-dealer and member of FINRA, NFA, and SIPC. tastytrade was previously known as tastyworks, Inc. (“tastyworks”). tastytrade offers self-directed brokerage accounts to its customers. tastytrade does not give financial or trading advice, nor does it make investment recommendations. You alone are responsible for making your investment and trading decisions and for evaluating the merits and risks associated with the use of tastytrade’s systems, services or products. tastytrade is a wholly-owned subsidiary of tastylive, Inc.
tastytrade has entered into a Marketing Agreement with tastylive (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade. tastytrade and Marketing Agent are separate entities with their own products and services. tastylive is the parent company of tastytrade.
tastycrypto is provided solely by tasty Software Solutions, LLC. tasty Software Solutions, LLC is a separate but affiliate company of tastylive, Inc. Neither tastylive nor any of its affiliates are responsible for the products or services provided by tasty Software Solutions, LLC. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.
© copyright 2013 - 2024 tastylive, Inc. All Rights Reserved. Applicable portions of the Terms of Use on tastylive.com apply. Reproduction, adaptation, distribution, public display, exhibition for profit, or storage in any electronic storage media in whole or in part is prohibited under penalty of law, provided that you may download tastylive’s podcasts as necessary to view for personal use. tastylive was previously known as tastytrade, Inc. tastylive is a trademark/servicemark owned by tastylive, Inc.