STOCK MARKET WATCH: Thursday, 2 November 2023

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 2 November 2023

Previous SMW:
SMW for 1 November 2023



AT THE CLOSING BELL ON 1 November 2023


Dow Jones 33,274.58 +221.71 (0.67%)
S&P 500 4,237.86 +44.06 (1.05%)
Nasdaq 13,061.47 +210.23 (1.64%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

In our time, we have less severe standards. We tell children about Santa Claus, the Easter Bunny, and the Tooth Fairy for reasons we think emotionally sound, but then disabuse them of these myths before they're grown. Why retract? Because their well-being as adults depends on them knowing the world as it really is. We worry, and for good reason, about adults who still believe in Santa Claus.

Carl Sagan. The Demon-Haunted World: Science as a Candle in the Dark. Ballantine Books. © 1996.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[NonPC]

1. Read Between the Lines

Let's see

1 -- The used housing market is almost dead due to 8% mortgage rates. Rents are at an all time high.
2 - Gas prices are still high, with many people driving big SUVs
3 - Companies are reporting that their revenues are becoming flat (even with price gouging consumers)
4 - Credit card debt at an all time high, and rising
5 - Companies refusing to raise salaries or hourly rates
6 - Fed not giving away free interest money any more to the Wall Street titans
7 - National debt and deficit at all time highs, and Congress basically shut down
8 - Foreign governments pulling back on purchase of US Treasury bonds
9 - Only platform Repugs can agree on is cutting taxes for the rich. Wealth inequality getting worse, not better.
10 - Stock market Price-to-earning ratios are still 150% of historical norms
11 - Healthcare spending out of control
12 - Gun ownership out of control
13 - Mental health funding needs being ignored
14 - Artifical Intelligence (AI) on its way to corrupting news, film making, writing, human occupied jobs, etc
15 - Media controlled by money grubbing corrupt sociopathic fat cats.

And oh yes, global warming is accelerating, with no real efforts being made to slow it.

How is this going to turn out well for the majority of our population?