As the U.S. PCE (personal consumption expenditure) was announced at 3%, this month’s FED rate hike went beyond its peak in August, and the Dow ended the day at its highest level of the year. It could be a sign that the INFRE is calming down… Although individuals have lost a lot of savings and reduced consumption due to high prices, market participants seem to be relieved that inflation will decrease further and interest rate hikes will be feared.
Perhaps because Christmas is just around the corner, the U.S. stock market is doing well with America Alone like the “Home Alone” movie. That’s why I left our stock and bet on MiCook, but I envy you any way. Since stocks and real estate are functions that change according to variables such as money circulation and interest rates, it is natural that asset values increase due to supply and demand when interest rates fall and the amount of money is released, but no one knows whether the economy will boom next year just by supplying money, which is the world of monetaryists. New food will have to come out. Everyone wants new industrial innovation by AI… If this slows down and fails to make a difference in our lives, we expect the recession to have more impact on the market than the effect of interest rate cuts. So, when inflation appears, market participants, including Europe, want to cut interest rates quickly because they need to stimulate the economy. We need to wait and see.
When I first started my foreign exchange business, information was monopolized by some so-called people. Would the current generation understand if I paid 2.5 million won per month just 30 years ago when I was watching the Reuters monitor? More than a decade after Alvin Toffler’s book “The Third Wave” emphasized the importance of information, the Internet world has arrived since the mid-1990s, and information has become a constant shared by all in real time. When you sleep and wake up every day, information is shared with everyone. And stocks and futures are traded according to the same rules, but some succeed and others fail.
Music is made, as you all know, with seven scales and octaves called doremipasolacido. All composers write songs with the same notes, but some become music gods and others end their lives in obscurity. As Christmas approaches, let’s take the carol “Joy to the world,” which we know well, “You’re glad you saved me.” The first verse scale starts at an octave high and ends at an octave low. 𝇕 𝅘𝅥 La Solpamiredo (I’m glad you’re here)… With this simple note, the note of “Happy Guju has come” was created, and Guju came down from the high road to the low road, making it feel as if he was living from the sky to the ground. It’s probably the greatness of Handel.
I and financial market participants invest with the same information as Doremi Fasolacido. I just want to write a good song like Handel and not Warren Buffet or Charlie Munger who died yesterday. I gave up on tiger skin and leaving a person’s name a long time ago, which I heard a lot when I was young, but I’m trying to make myself a good investor for those who know me. It is finally the first and Friday of December, the last month of the year. Since it’s Friday, delicious food is dig in, soju is chug in… I hope you all finish your year well and have a good weekend.