DHUnplugged #665: Shutdown Again?

More Talk from Feds – Jackson Hole Confab Another government shutdown looming? Hot Dogs, get Your Hot Dogs! PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? <br /> Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm Up<br /> - US Rates on the move<br /> - Jackson Hole Confab this week - Powell talking Friday<br /> - Another government shutdown looming? (September)<br /> - Russian Moon Landing - Not so good<br /> - Hot Dog Wars<br /> - Schmuchalucks<br /> Market Update<br /> - China freaking out investors - not showing big support<br /> - The S&P 500 index fell 2.1% last week, extending the market benchmark's losing streak to a third consecutive week as bond yields climbed to highs not seen in years.<br /> - The drop came as Treasury yields rose to multi-year highs; the 10-year Treasury yield hit a 16-year high and the 30-year Treasury yield reached a 12-year high<br /> - The SPAC is back? IPO opps? Parts of the market still yearning for risk (casino vs investing)<br /> - Moody's gets into the fray - cuts bank ratings Yields - Moving<br /> - 10-Year tops 4.35%++<br /> - Long-term on a losing streak<br /> --- Meaning: High rates for longer being accepted by markets - also spread may narrow on curve<br /> - Minutes released this week from the latest Federal Open Market Committee meeting indicated most committee members saw "significant upside risks" to inflation, which could prompt the central bank to further raise its benchmark lending rate. Long vs. Short