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Sanrith Descartes

Sanrith Descartes

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So, food for thought for anyone at/over 59 1/2 or there abouts. In 2025, not withstanding Congressional action, the lower tax brackets we got from Trump will sunset and go back up.

From a strictly tax benefit perspective, the next couple of years are probably an ideal time for backdoor Roth conversions. We can't predict where the tax brackets will go in the future so we can only look at what we currently have and the reset increases. The reason 59 1/2 is so important is there is no distribution penalty so backdooring the cash is a straight savings based solely on the upcoming bracket sunset.
 
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swayze22

swayze22

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Sanrith Descartes said:
So, food for thought for anyone at/over 59 1/2 or there abouts. In 2025, not withstanding Congressional action, the lower tax brackets we got from Trump will sunset and go back up.

From a strictly tax benefit perspective, the next couple of years are probably an ideal time for backdoor Roth conversions. We can't predict where the tax brackets will go in the future so we can only look at what we currently have and the reset increases. The reason 59 1/2 is so important is there is no distribution penalty so backdooring the cash is a straight savings based solely on the upcoming bracket sunset.
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So another W for boomers and fuck you for everyone younger, typical
 
Sanrith Descartes

Sanrith Descartes

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swayze22 said:
So another W for boomers and fuck you for everyone younger, typical
Click to expand...
season 8 episode 6 GIF by SpongeBob SquarePants
 
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Big Phoenix

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Haus

Haus

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Mist said:
Tech is riding high on hopium, telling investors they can use AI to build the future without employees.
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Yeah, even my company is rattling off the AI buzzword like it was the magical fairy dust which will make us all into princesses.

Lemme check... Yep.. we just also quietly clocked a 52 wk high as well...
 
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Haus

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Mist said:
www.cnbc.com

A global commodities rout is fueling fears of a bleak economic future

Global commodities have seen a more than 25% slump over the last 12 months.
www.cnbc.com www.cnbc.com

If commodity prices come down, won't it get cheaper to make stuff? And isn't stuff good, especially capital goods? I think nobody understands economics anymore, even less than they did before.
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I think it's under the concept that demand for commodities precedes demand for product. Since you would need commodities to manufacture goods. If commodity prices are down, that means demand is down, that means producers are anticipating lower demand for finished goods. So a downturn in commodities would signal manufacturers anticipating a downturn in sales. Or that existing orders for goods are waning and ergo they aren't needing to produce as much, and that's pushing prices lower on commodities, since manufacturers aren't needing as much on that side of the equation.
 
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Big Phoenix

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How much do people in marketing get paid to make a dumb mistake like this?

 
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Sanrith Descartes

Sanrith Descartes

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Big Phoenix said:
How much do people in marketing get paid to make a dumb mistake like this?

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I mean its totally understandable. Its not like it takes 30 seconds to do a trademark/patent search or anything. Maybe one day when we have this invention called the internet it might be possible, but today? Nah.

edit: Holy fuck, its even an existing domain. Fuck 30 seconds. Its like 3 seconds to type the domain into the bar and see if something loads.
 
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Jysin

Jysin

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US 2Y yield over 5% and 10Y yield over 4%. Getting spicy out there again.
 
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Jysin

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Today's action finally pricing in more hikes does put IWM at risk. These are at / beyond the yield levels that were crushing the regional banks back in March.

Blazin Blazin Any stop in place on your recent IWM buy? We're at some nice support here, but I fear the Fed actions may stir banking problems again. Then you also have something like 30% of the IWM names aren't even profitable and we're still hiking (borrowing costs going up). Curious where your trade stop is.
 
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Jysin

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ShakyJake said:
What precisely is causing the yields to spike suddenly?
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Specifically today?

*(US) JUN ADP EMPLOYMENT CHANGE: +497K V +225KE (largest increase since Feb 2022);

Mega strength in the jobs market continues. We've also had surprise data recently that all leads to high inflation pressures. Fed will have to do exactly as they have been saying for months now, which is: "Higher for longer". Markets were getting a bit ahead of themselves and basically calling bullshit thinking hikes were over. More and more data is pointing to more hikes to come this year and holding well into 2024. (We had been pricing in cuts for this year).

Bonds tend to be right and the market has been running hard in the face of that. One had to correct, so .. here we are.

Then you have this AI mania going on. God help these tech names if Q2 earnings don't meet / exceed expectations. We are at a pretty precarious spot here. The prudent thing to have done would be trim your tech gains and rotate it elsewhere. You'd want IWM continued strength, but suddenly you have big yields on 0 risk treasuries. I've personally just bought up $500k worth of 3mo treasuries that are yielding 5.3% in the auction on Monday this week. Nice place to shelter any storm in the coming months.


.. or I could be misreading all of this and it's just another BTFD opportunity.

This market isn't easy for seasoned traders. Asking the whys day to day is fairly fickle in the face of ever changing macro data.
 
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