Note to Readers from Larry: I wrote a long-form piece on Warren Buffet and his wisdom/insights from his Annual Shareholder letters which will be delivered to your inbox tomorrow. This will be provided to both my Public and Private Community out of my community to help my Global Friends here. In the meantime, enjoy your Thanksgiving holiday. 🦃
We sincerely appreciate all of the support we get from our Community and will continue to work hard for you.
The American Farm Bureau (AFB) Thanksgiving cost index projects a +20.1% YoY increase to 2022. On a dollar basis, a classic Thanksgiving meal for 10 people this year is predicted to cost ~$10 more, tallying up to a total check of $64.05, or slightly under ~$6.50 per person.
The Fed has been raising rates at the fastest pace since the early 1980s. Typically, inflation falls after unemployment rises, and long after the first rate increase. If the fall in core inflation between September and October continues, and September proves to be the peak, the time between the first Fed increase and the high point of inflation will be one of the shortest of any Fed hiking cycle.
Chart That Caught Our Eye
Analyst Team Note:
Like consumers, US corporates have largely shifted to longer-dated fixed rate debt. Today, over 75% of S&P 500 debt is long-term fixed vs. 40% in 2007. The average maturity of debt on S&P 500 balance sheets today is 11 years vs. 7 years in 2007.
We want to take a moment to thank Interactive Brokers for being one of our Channel’s trusted Partners and to inform my audience of the special features they have given that our online friends here closely follow Chinese Internet stocks (BABA/Tencent).
Much of Larry’s audience is concerned about the US ADR issue of Chinese Stocks being delisted.
Interesting Tweets from Strategist Larry (Follow) - Make sure to follow the right account. Many impersonators out there, some of whom have been blocked by Twitter.
