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Best economy we’ve had since Clinton.


Last month, for the first time since April 2020, prices fell on a monthly basis.

US inflation slowed further in November, and consumer spending continued to outpace expectations, according to a closely watched report released Friday by the Commerce Department.

November’s Personal Consumption Expenditures price index, a comprehensive measure of prices US households pay for goods and services, declined 0.1% from the month before, bringing the annual inflation rate to 2.6%.


It’s the first time the headline PCE index went negative on a monthly basis since early in the pandemic. Annually, it’s a marked improvement from a 2.9% rate in October.

The Federal Reserve’s favored inflation gauge — the “core” Personal Consumption Expenditures price index that excludes energy and food prices — also cooled to 3.2% for the year ended in November. That’s a step back from October’s annual increase of 3.4% and a step closer to the central bank’s 2% target rate.
 

This is me who is still 100% in GME for the past 3 years and 8 months.

Still waiting for the short squeeze.

On one hand, my investment might be the magical pot of gold at the end of the rainbow. On the other hand, Gamestop has over 4 billion in cash, virtually no debt, and increasing sales year after year. Ryan Cohen has been doing a great job cutting costs and growing digital sales.
 
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