Last week? Oh, that’s so last week. Whatever was “in” then is “out” now. It’s become quite a pattern — in and out, with a dash of what was out once before suddenly resurfacing as the new “in.” One big disappointment: it looked like Sydney Sweeney might pop back up, but she put on 30 pounds for a new movie role. She is so out.
Last week was all about the August employment (non-farm payroll) numbers. The numbers came in well under estimates and revisions were also weak. OK then, over and done. Who cares if people are actually working and making money? There are new things to look forward to.
So what’s “in” to soak up our attention this week? INFLATION. Yup, it’s back in the limelight again. This week brings the PPI and CPI (Producer Price and Consumer Price Indexes). With employment in the rearview mirror (sorry if you are unemployed…or may be), now we look forward to seeing if people can afford to live…or not. Of course, this could explain the huge turnout for lottery tickets. If you can’t earn it, win it.
The new week brings in a huge “out.” The government of France. You know — croissants, wine, French fries, etc. With a vote today, the French ousted their prime minister after only nine months on the job. The previous guy didn’t last long either. Seems taking a few holidays away makes the French really angry. No word yet on who or what will be “in” over in France land.
Not to be outdone by the French, Japan too ousted its prime minister after less than a year at work. Again, no word on when “in” will be noted. Being prime minister of a country seems to be a lot like being an NFL head coach.
Remember the Department of Defense? It’s “out.” The Department of War is “in.” No comment.
But there is one HUGE change that literally just took place. Patrick Mahomes, the Kansas City Chiefs, and Mr. Travis Swift (er, Travis Kelce) are OUT. Josh Allen and the Buffalo Bills are IN.
Bill Taylor is the CEO and Chief Market Strategist at Digital Wealth News, offering expert insights on markets and asset classes. A proud Horned Frog and Texas Christian University grad, he played college basketball while there. With a strong finance background and passion for digital innovation, Bill shares thought leadership on market trends and portfolio strategy for our audience.
