On the SPOT blog (10/04/2022) [T..]
Beautiful finish on the Wall Street today. Rally from yesterday continued as I think treasury yields fell and there was some economic data indicating that job openings fell a lot in August (most in over 2 years). News like this causes optimism among some groups that Feds will mellow down on their quantitative tightening to avoid a recession (there was news that Australia eased a little on its QT). I think until we see CPI numbers consistently dropping, these kind of speculations will come and go. Let's focus on investments that have a long-term potential so that we don't lose sleep over what happens in the short-term.
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