Awesome Numbers Guy

FOMC Releases Statement and Rate Decision for March 21, 2018 Meeting

FOMC Statement

Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low. Recent data suggest that growth rates of household spending and business fixed investment have…

Delta v. Lt Gov. Cagle: Verbal Shots Fired

If you are not aware of the “verbal shot fired”  at Delta Airlines by Lt. Gov. Cagle, well here is a quick overview:

Delta announced their intent to rescind discounts given to NRA members in response to the #ParklandMassacre.

Following said announcement, Lt. Gov. Cagle took to Twitter and said “Do it buddy and we will rescind all your favorable tax benefits for being located in Atlanta” (paraphra…

#Roadto50 – Book #4 – the signal and the noise

The road to read 50 books in one year continues to chug along.

Book #4 on the #Roadto50 is:

Amazon Books: “the signal and the noise: Why So Many Predictions Fail–but Some Don’t” by Nate Silver

  Before we leave, you must read the previous book, “Power of Habit” by Charles Duhigg. It was such a great, great book.

#HappyReading

#ParklandMassacre – Gun Owners Something Has to Give

May the Victims, Survivors, Families, Responders and Nation find peace and solace after yet another senseless act of gun violence!

There have been 18 school shootings since Jan 1, 2018. Using basic math, this places the United States on pace to see 154 school shootings in 2018. What’s fascinating is Pro-2nd Amendment supporters are saying “there’s a serious mental health issue in this country,…

A Great Example of Leadership

Steve Kerr allowed his players to coach themselves throughout an entire game

Steve Kerr entrusting his players to coach themselves for an entire game on Feb 12, 2018 was a great example of what “True Leadership” can result.

Despite the experiment facing some challenges in the first quarter, Steve and his staff never stepped in. They allowed their team to figure it out and strategize an ongoing…

#Roadto50: Book #3 – The Power of Habit

The road to read 50 or more books in one year continues. Next up is a pretty interesting gem that caught our eye.

The Power of Habit: Why We Do What We Do in Life and Business By  Charles Duhigg

  (For more details, click the book cover: Details provided by Amazon Books)

  Per the book’s description on Amazon.com, award-winning New York Timesbusiness reporter Charles Duhigg takes us to the…

Huge spike in the $VIX as the market continues bleeding red.

If you recall our previous post on the $VIX  (https://www.imdeadbroke.com/vix-backwardation-feb-2-2018/), the $VIX was in backwardation between the Feb and March expiration and returned to contango during future months. However, today the $VIX is in backwardation through August which could be indicative the market may be preparing for a…

That is the $1,000,000 Question!

Take a look at the below chart we created. The chart highlights where the first level of support can be found and the level indicative of a correction (10% pullback). Furthermore, we pointed out where the trend began.

We believe it will be healthy for the market to experience a correction or even a near term crash. There is no better time for a correction than the…

The $VIX is showing a case of backwardation through the Feb expiration.

The question now is will the futures market reset to a contangeo environment ahead of expiration by increasing the expectation for future volatility or will we see a volatility dump due to buying the dip activity?

(Source Vixcentral.com)

  Taking under consideration that Jerome Powell’s first FOMC meeting begins on the same…

#Roadto50: Book #2 – The Subtle Art of Not Giving a F*CK

#Roadto50 Book #2 is completed! 48 books to go!

‘The Subtle Art of Not Giving a F*CK by Mark Mason is a great read. I highly recommend everyone read this book today! 

I get it! The title of the book is appalling to the pearl clutching nation we now live in. Nonetheless, act like an adult and give it a read. I’m sure you say and probably do worse things in private than a few swear words.

By the…

2018 #Roadto50 – Book #1: The Fourth Turning

#Roadto50 – 2018 Edition

Our attempt to read 50 books last year was not successful at all. We will not make any excuses for our failure, we were plain lazy and did not follow through. It’s disappointing, but such is life. It’s 2018, so  no need to focus on the shortcomings of 2017.

The first book in our #Roadto50 – 2018 Edition is The Fourth Turning – An American Prophecy by William Strauss and…

“Bulls make money, bears make money, pigs get slaughtered”

#Rant: Why Won’t The FED Let Rates Rise!!!!

SMH! I get it…

Monetary policy is nothing more than macro-economic artificial balance sheet manipulation. However, we need rates to rise. The economy could easily support a normalized rate of 3.5%. Yes borrowing cost will increase. Yes inflation will increase, but so will your savings account and money market rates, bond fund yields and annuity floors. So will your investment returns after a…

Rant of the Day: The #Flag Protest Debate

I really despise talking politics, but here we go!

The same people who are “for the Flag” are also in favor of cutting federal support for Medicaid. You know that benefit for which 1.75M vets rely on to subsidize their healthcare. You know the same benefit for which 80% of all nursing home and assisted living residents rely on.

You’re mad at the disrespect athletes are showing towards the country…

TheBrokeLab: Ep 1. – A quick discussion about Snapchat ($SNAP)

This is our first post on #TheBrokeLab’s youtube page. The first video is a  quick discussion on the future of Snapchat and how Apple’s iPhone X will benefit their platform.

By the way, excuse the editing during the first 12 seconds of the video. #Shoestringbudget lol

Enjoy and please leave your feedback.

Trading Challenge Update: Week 1 and 2

Recap of the Challenge:

TheBrokeLab is attempting to trade up a small account balance to a significantly larger one over the next 18 months. The challenge began on 7/1 and details can be read here.

After the close of each week, #TheBrokeLab Team will release a “Trading Challenge Update” to review the previous week’s trades and highlight possibilities for the upcoming trading week.

Last Week Was…