End of 2022 Charts: SPY, QQQ, XHB
We compiled our crash chart comparisons on SPY, QQQ and XHB for the end of the year. Let’s take a look. First up SPY: And QQQ: And last XHB: XHB…
Seasons Greetings & Happy Holidays
We’ve been quiet here at the Econonaut because it’s holiday season and we took a much needed vacation. We’ll be back to posting next week but in the meantime enjoy…
Update on SPY, QQQ and XHB Crash Comparisons
With the Fed raising rates last week and the market reacting negatively, we thought it would be a good idea to update our crash comparison charts for SPY, QQQ and…
BLS: November CPI 7.1 Percent
The BLS released the Consumer Price Index for November and while it dropped from 7.4 percent year over year to 7.1 percent year over year, the number is still too…
BLS: November PPI 7.4 Percent YoY
BLS reported Producer Price Index and it continues to be stubbornly high. The Producer Price Index for final demand advanced 0.3 percent in November, seasonally adjusted, the U.S. Bureau of…
2008 Housing Crash Redux
We have been holding put option positions on XHB for January 2024 $55 strikes for some time now and our strategy with these positions was largely predicated on looking at…
Pension Scheme Forces 1000 to Retire from Ford
Finance Yahoo had an article recently which stated that 1,000 Ford employees were better off retiring to receive higher pension payouts than to remain working. We are sure that the…
Will Rail Workers Quit By The Thousands?
There are all level of labor shortages in the United States today. There are skilled labor shortages, unskilled labor shortages and everything in between. Recently Congress passed bill forcing rail…
Trade: Buy/Write XOM $105 January 2023
We executed a trade today we hope will be highly profitable. We purchased XOM at $103ish and sold the January 20 2023 $105 strikes for $4.00. Our hope is to…
20 Million Utility Shut Offs?
We came across an interesting article on yahoo finance that expects 20 million customers to potentially be cut off from their utilities. According to the National Energy Assistance Directors Association…