The Fed's only responsibilities are keeping inflation at bay and supposedly full employment. Since both are still running way hot, they have no choice but to continue raising. Nothing to do with the stock market.
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The Fed's only responsibilities are keeping inflation at bay and supposedly full employment. Since both are still running way hot, they have no choice but to continue raising. Nothing to do with the stock market.
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More and more and more regulations
www.reuters.com
Uber, Lyft slump as U.S. proposal on workers a potential blow to gig economy
Shares of Uber Inc , Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies from treating workers as independent contractors would raise costs for the barely profitable firms.
561caneforever
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The stock market got addicted to low rates and QE. Now we are going through the Withdrawal Phase. Things could get very ugly.
PanteraCanes
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Isn’t this what California tried to pass and the people there got ****ed and said no? Now they are trying it federally?More and more and more regulations
Uber, Lyft slump as U.S. proposal on workers a potential blow to gig economy
Shares of Uber Inc , Lyft Inc and Doordash Inc fell about 10% on Tuesday on fears that a U.S. proposal to deter companies from treating workers as independent contractors would raise costs for the barely profitable firms.
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Bank of America is predicting job losses soon.
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Inflation increased 0.4% in September, more than expected despite rate hikes
The consumer price index was expected to increase 0.3% in September, according to Dow Jones estimates.
not good... here are my predictions
Dow - 27,000
S&P - 3,100
Nasdaq - 9,500
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PanteraCanes
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Maybe we can try an idea of limiting government spending?
Suggest you add an options trading caveat....
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Good point.
Don't trade options unless you know what you're doing, have experience, have lost a lot of money before on options and rode it out, and don't keep your ammo near your bourbon.
Inflation increased 0.4% in September, more than expected despite rate hikes
The consumer price index was expected to increase 0.3% in September, according to Dow Jones estimates.www.cnbc.com
not good... here are my predictions
Dow - 27,000
S&P - 3,100
Nasdaq - 9,500
roughly the technicals
mr.h
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I believe they are buying the dip. Some of my buys hit this morning.
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that would have put a floor on the sell off, but it doesnt explain the rally, I dont think FOMO is prevalent today.
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@SpikeUM @Cryptical Envelopment and others. I was a little too young in my investing journey to remember 2008 or the dot com burst. But I guess my question is have other dips in the market and starts to recessions/bear markets felt this long winded and pronounced or were they a bit more sudden, kind of like the Covid flash crash? It almost felt like everyone has kind of been waiting for this to happen. I don't know about willing it. But this feels like the scene in Austin Powers where he is driving the truck in slow motion and the guy keeps yelling waiting for it to hit him.
“Stop making sense,” the Talking Heads once sang. The stock market took it literally on Thursday with a massive rally following an inflation reading that everyone agreed was way too hot. So what gives?
There’s no dismissing September’s consumer price index. The CPI rose 0.4% in September, up from 0.1% in August, and above estimates for 0.2%. Core consumer prices, which don’t include food and energy, rose 0.6%, above forecasts for 0.4%, and unchanged from August. CPI rose 8.2% year over year, down a tick from 8.3%, but core CPI climbed 6.6%, from 6.3%. Other than car and apparel prices falling, there was little in the report that inflation was anywhere near tamed.
The immediate reaction was predictable. All three indexes, which had been up solidly ahead of the print, tumbled, with the Nasdaq Composite down more than 3%, while the S&P 500 fell as much as 2.4%, to 3491.58. The S&P 500, though, finished the day up 2.6%, while the Nasdaq rose 2.2%, and the Dow Jones Industrial Average is up 2.8%.
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It was a massive rally, and one that came out of nowhere. And it’s left market observers like yours truly wondering what the heck just happened. There wasn’t any new data, no headline-making speeches, no event that occurred just after the open to spur such a move. It literally came out of nowhere—and left us grasping for possible reasons. “Today’s market reversal was a head-scratcher,” writes Oanda’s Edward Moya. And he’s not wrong.
There’s no dismissing September’s consumer price index. The CPI rose 0.4% in September, up from 0.1% in August, and above estimates for 0.2%. Core consumer prices, which don’t include food and energy, rose 0.6%, above forecasts for 0.4%, and unchanged from August. CPI rose 8.2% year over year, down a tick from 8.3%, but core CPI climbed 6.6%, from 6.3%. Other than car and apparel prices falling, there was little in the report that inflation was anywhere near tamed.
The immediate reaction was predictable. All three indexes, which had been up solidly ahead of the print, tumbled, with the Nasdaq Composite down more than 3%, while the S&P 500 fell as much as 2.4%, to 3491.58. The S&P 500, though, finished the day up 2.6%, while the Nasdaq rose 2.2%, and the Dow Jones Industrial Average is up 2.8%.
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It was a massive rally, and one that came out of nowhere. And it’s left market observers like yours truly wondering what the heck just happened. There wasn’t any new data, no headline-making speeches, no event that occurred just after the open to spur such a move. It literally came out of nowhere—and left us grasping for possible reasons. “Today’s market reversal was a head-scratcher,” writes Oanda’s Edward Moya. And he’s not wrong.
If the answer was that easy, we would all be super rich, but generally, these things take time. For example, the Great Recession was 2007-2009, and most of that was a bear market. I have been super bearish for a year, so I get it, but said another way, be patient.
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