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Non-Tech : Kirk's Market Thoughts
COHR 170.65-2.5%3:42 PM EST

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To: robert b furman who wrote (16715)9/11/2023 12:18:07 PM
From: Kirk ©1 Recommendation

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Sr K

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I agree. Was considering buying another new, issue 6-month UST today but may wait for the inflation data on Wed to get another pop. Maybe dumb as waiting means more CA taxable MM fund income and if rates don't pop... nickel and dimes probably not worth the hassle, but I still like coupons.
Higher used vehicles and higher gas prices will give Mr. Biden and Fed Chair Powell major sticky higher inflation.

That could be the trigger for locking in more duration on treasuries (5.5% to 6% for 3 to 5 years).

It could be a great time to earn some yield for the savers of us.

BTW, I've been taking note of beef prices at Costco... By my old math, 40% inflation in NY Steaks I prefer as a good mix of not too much fat and a good, quality steak.

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