Hormuz

I heard a wholesaler tell someone the other day that the economy’s chugging along, all is fairly good, employment is decent, and so long as Hormuz gets opened soon, things should be back to normal in no time. I also heard him say that a Nasdaq 100 ETF that writes covered calls and generates an 11% yield is more on the conservative side.  I told this person after their conversation that if he said this to 90% of Americans, he’d get punched in the nose. Here are three charts that suggest a different story… First, full-time work. Back to negative…