Had to fight tooth and nail last fall to get my wife's broker to move her to cash. Kept explaining that she would miss the rally. Wouldn't explain how much more she would lose.
Look at the 2yr. This is a set-up for a Friday rally. The market already sold off to compensate for a .50 rate increase. Up from here. Don't let the dips fool you.
Federal employee's wages are already 50% higher than average salaries. Plus full benefits and employment for life because the government is afraid to fire anyone.
On a positive note. Eggs and coffee cost less at the grocery store this morning. CPI might just ease a little and Powell can hold with .25% on the 22nd! Rally City!!
Thanks to AI, Algos and manipulation. It seems markets will never get seriously wiped out again. Wall Street seems to hold on nit matter what hits it. Anyone remember the LeGrande fiasco, where the world's largest construction company went bust. How did world markets escape that with just a couple days in the red? Powell has been pretty animated that there will be no knee-jerk rate increases. Steady as she goes. I really anticipate a .25% increase on the 22nd, followed by a healthy rally. We'll see what Powell says next week.
No it's not. Markets always have upward movement until bad data. Then reaction can be delayed. My guess is we go up at least until the next inflation numbers. I'm confident that the FED will only increase .25% on the 22nd. Be ready for a rally.
If I go to Walmart and pay $1.25 for an item that used to cost $1.00, Walmart just experienced a 25% increase in sales. Subtract the inflation rate from retail sales and then you'll see a decrease in volume.
Barry. It's just a political move to look better in the public's eye. And no. More federal debt is not an option. Best to let the economy fix itself. Markets always come back stronger than before. A bottom provides limitless investment opportunities.
You've got to stop lying to yourself. The U.S. economy spent the first two quarters of last year with negative GDP. That was a 6 month recession and nothing you spout will change that. Currently, we are headed for a second recession, but Biden is initiating 500 billion in federal spending and debt to counteract it.
With out of control government spending inflation will only get worse. Biden's new pledge to supply Ukraine with 500 billion in arms. That money will filter through the U.S. economy and bolster inflation.
Hi Sylvia. I'm a contractor, so I spend considerable time at Home Depot and Lowe's. Foot traffic has slowed down considerably. Sales are holding because of inflated prices. The cost of shopping these stores has gone up at least 50% across the board. At least that's what my records indicate.
Carlos. Did you read the report that Biden pledged 500 Billion in military aid to Zalinski. American companies manufacturing half a trillion in arms should hold a recession at bay. Pretty shrewd really. That pesky debt thing doesn't matter. Sell bonds/ let the presses roll!
Algos know we're in for a confrontation. Biden committed 500 billion dollars to the war effort in Ukraine. Backed Putin into a corner. He'll come out fighting.
Such B.S. United States gets bad data and we rally. Don't read this rag. Look at the calendar. Europe is showing solid numbers. My hunting is that Biden's pledge to support the war effort with 500 billion in support pretty much threw the United States into WW3
I just read the report about Biden's surprise visit to Ukraine and the pledge he made to provide another 500 billion in aid. Where on earth is our debt headed to? How can you establish a debt ceiling with runaway spending?