Jpow speech Friday

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Thoughts?

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Best of luck timing the market.

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What are tips?

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Treasury Inflation Protected Securities. Basically treasuries with inflation protection. Their yield is is lower than regular treasury when you initially buy them, but if you think there will be future inflation they can return more than a fixed rate bond over time. They were terrible a few years ago, but the last few years have seen real yields to maturity (return above inflation) of over 2%, which has made them much more attractive.

Retired or close to retired doesn’t really matter. Sounds like OP is selling a significant portion of his equity exposure in anticipation of a speech. That’s crazy.

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Sounds like OP is selling a significant portion of his equity exposure in anticipation of a speech. That’s crazy.

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Completely agree.

Timing the market is a fools errand and time in the market beats timeing the market…… But I will admit that I locked in some profits and sold off some laggards that have underperformed but gone up/broken even with the current market surge. Saving some dry powder for the next correction. This isn’t my retirement account or anything and I’m waiting for Q3 numbers to come in in October.

But divesting equities based on one speech about the fed rate in August is pretty nuts.

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Any negative downturn in stock prices is merely a better buying opportunity.

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This right here.
A hawkish speech will generate a selloff but it should be bought.
Personally. I think there will be the usual caveats about being vigilant about inflationary forces but a weaking labor market will keep the FED on track for a .25% cut in Sept. and another late 4th qt.

valid... and i'm clearly nowhere close to trained economist. it's hard to imagine much more upside since we're already near all time highs, ppe reading hot last month, job growth slowing. downside seems tilted towards correction. i'll report back next year with how the strategy worked out. i've never market timed.

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The meeting summary depicted a divergence of opinion among the central bankers, whose vote to hold their key rate steady came despite objections from two Fed governors who argued in favor of cutting.

Policymakers noted rising threats to the economy that would warrant monitoring, though they largely agreed that their current stance was the appropriate way to go.

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the Fed minutes.Pretty much how Powell's speech will go. CNBC

Actually, I do think we'll see a cut in Sept. and another late 4th qt.
Just think the speech will be all over the place.

Could have sworn the Market was a forward looking entity and not reactionary over a singular speech - particularly to this guy's vantage point

This, exactly.