📶Another Sign of “Higher for Longer” Inflation

Good morning. Starting in July, the United States Postal Service is looking to raise first-class...

It's the monthly jobs numbers today and they're not going to be pretty and will be possibly the tip of the iceberg as we head into May.

Good morning. Starting in July, the United States Postal Service is looking to raise first-class mail stamps to 66 cents from 63 cents. Assuming they get regulatory approval, the price hike suggests about a 5.4 percent rate of inflation – just slightly above the latest numbers showing a 5 percent annual increase. The USPS is raising prices due to higher wages and costs of doing business. While this is expected to bring in higher revenues, the organization still expects to lose $4.5 billion for 2023, which will likely lead to further price hikes down the line… marking yet another sign that inflation will likely remain higher for longer. Unlike many goods and services, however, at least users can buy forever stamps at the lower price. That may be a prudent investment for those who still need to send snail mail in the years to come. For investors, it's a sign to invest with companies that can raise their prices higher than inflation – and without having to wait on regulatory approval. Now here's the rest of the news: Sponsored Content The Greatest Threat to America Starts July 2023 I've been warning about this threat for six months. And FINALLY, politicians are starting to pay attention to this grave threat to American freedoms. In a recent press conference, Florida Governor Ron DeSantis rightly echoed my warnings, saying: "The reckless adoption of a 'centralized digital dollar'... will stifle innovation and promote government-sanctioned surveillance." That's why I want you to go here now. Because the plot I first warned about six months ago — originally called "Project Hamilton" — is about to become reality this July... Project Hamilton's "official" research ended this past December — but its impact will soon affect every man, woman and child in America for generations to come. Because this July — the Federal Reserve officially launches what I believe to be the first step toward a full digital dollar. MARKETS DOW 33,976.63 -0.03% S&P 4,154.87 +0.09% NASDAQ 12,153.41 -0.04% *As of market close • Stocks traded flat on Tuesday, amid further earnings reports from the big banks. • Oil also traded flat, closing at $80.80 per barrel. • Gold rose 0.5 percent, ending at $2,018 per ounce. • Cryptocurrencies edged higher, with Bitcoin hitting $30,234 at the stock market close. Today's TOP TIPS Cheap, Boring, and Hated Stocks Can Outperform In Slow Markets Following the market's big drop last year and bounce so far this year, it's likely that markets will continue to bounce around as economic data points a mixed picture. That's a good trading environment—and it can also be a good one for long-term investors. The way to take advantage is to look for stocks that are cheap, ignored or even hated by the market in general, and capable of moving higher thanks to strong financial performance. » FULL STORY Insider Trading Report: WD-40 Co (WDFC) Steven Brass, President and CEO at WD 40 Co (WDFC), recently bought 558 shares. The buy increased his holdings by 3 percent, and came to a total purchase price just under $100,000. He was joined by several other company insiders. The company CFO bought 168 shares, increasing her stake by 12 percent at a cost just over $30,000. And two company vice presidents also bought the stock on the same day. » FULL STORY Unusual Options Activity: Teck Resources (TECK) Metals mining company Teck Resources (TECK) is closing in on 52-week highs following a strong rally. One trader sees a pullback for the company in the months ahead. That's based on the January 2024 $42 puts. With 275 days until expiration, 10,013 contracts traded compared to a prior open interest of 440, for a 23-fold rise in volume on the trade. The buyer of the puts paid $3.16 to make the bearish bet. » FULL STORY IN OTHER NEWS • House Speaker McCarthy Sees No Debt Default Option House Speaker Kevin McCarthy does not see defaulting on the nation's debt as an option, as Congress looks to avoid a potential economic crisis in the coming months. The United States is rapidly approaching its debt limit, and Congress has yet to come up with a plan to resolve the current debt ceiling level. • Banks Continue to See Deposit Drop A number of banks have seen their deposits drop, including brokerage firms such as Charles Schwab (SCHW) and State Street (STT). Schwab reported that its deposits fell 11 percent over the quarter, and 30 percent over the past year. State Street saw a 5 percent quarterly drop and 11 percent annual drop. • Apple Unveils Apple Card Savings Accounts Tech giant Apple (AAPL) is allowing its U.S. user to open a savings account with an Apple Card. The company announced the product in October. The initial yield on deposits with Apple is 4.15 percent, a competitive rate compared to online savings accounts and a fairly high rate relative to traditional banks. • Shaq Served in FTX Investor Lawsuit Shaquille O'Neal has been served in a lawsuit targeting celebrities who endorsed cryptocurrency brokerage platform FTX. The lawsuit has been filed by a group of investors in a class action suit, which accuses celebrities of defrauding investors by endorsing the platform. • Jalen Hurts Sets NFL Record With $255 Million Contract Philadelphia Eagles quarterback Jalen Hurts has signed a five-year extension contract for $255 million, or about $51 million annually. That's the biggest contract in the NFL in terms of average annual value. Hurts joined the Eagles in 2020 and became the full-time starter in 2021. S&P 500 MOVERS TOP AIV  4.897% TYL  3.42% PHM 3.284% STT 3.055% LEN 3.027% BOTTOM CTLT 7.418% DISH 4.657% FRC 4.338% CF 3.782% JNJ 2.813% Quote of the Day There is a tug of war between those who are feeling optimistic that the Fed will soon be ending the rate tightening program because of softness that we're seeing in the economy ... with those who believe the Fed will be forced to raise rates longer because the economy is not in a sense, surrendering. - Sam Stovall, chief investment strategist at CFRA Research, on the two factors playing out in the market right now, which may keep stocks range-bound until new big-picture data emerges. Sponsored Content The Greatest Threat to America Starts July 2023 I've been warning about this threat for six months. And FINALLY, politicians are starting to pay attention to this grave threat to American freedoms. In a recent press conference, Florida Governor Ron DeSantis rightly echoed my warnings, saying: "The reckless adoption of a 'centralized digital dollar'... will stifle innovation and promote government-sanctioned surveillance." That's why I want you to go here now. Because the plot I first warned about six months ago — originally called "Project Hamilton" — is about to become reality this July... Project Hamilton's "official" research ended this past December — but its impact will soon affect every man, woman and child in America for generations to come. Because this July — the Federal Reserve officially launches what I believe to be the first step toward a full digital dollar. Not sure the best way to get started? 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