Market Update: 10/16/2023
2 and 10-year bond continue to melt up.
2-10 Bond inversion is not as extreme, but this is not a good thing in this case. The 10-year bond is melting up faster and this will cause all existing loans (Home, Auto, Commercial, Credit Cards, etc. ) to move up in price. Requiring you to pay more each month or possibly high refinace charges or even a denial of the loan from the banks. This would then require you to return the asset back to the bank. What they want anyway. To own it.
Brent oil is spiking due the Israel conflict. This could hyperinflate if Turkey invades Syria and Iraq.
CPI and PPI reports both came in higher than expected. This means food, services and product inflation is moving up. All the things you care about.
If the Government does shut down on Nov. 17, 2023. Watch for rating dwngrades. This will send the markets tumbling.
Watch for 2 dates.
1). Possible Government shutdown on Nov. 17, 2023.
2). Fed rate hike on Wednesday Nov. 1, 2023 and possibly a 2nd one on Dec. 13, 2023. So, the Fed can hit his 6% rate Jay Powell has been talking about for the last 6 months.
Date to watch as we move forward -
Sept. 18 - Oct. 9, 2023 - ramp up of attacks on both Israel and Turkey.
Oct. 9, 2023 or shortly after this date - An (Massive) attack on Iran and it's proxies by Israel.
Also, we could see an invasion into Syria and Iraq by Turkey on or shortly after Oct. 9, 2023.
Dec. 22, 2023 - 10 Tevet - A siege on Jerusalem by 10 nations for 15 days.
Jan. 6, 2024 - A 6th Seal event - which is the destruction of 10 nations by the Wrath of the Lamb (Jesus the Son), 15 days after the start of the siege of Dec. 22, 2023.
Paradigm Timeline Link -
Time is short.
Repent and get right with Jesus.
Jesus is the only open door to the creator.