forums

Off-Topic Stock Market & Crypto Discussion

Advertisement
mr.h said:
Spending and taxation is a problem, but both Dems and Republicans spend too much. I’m seeing prices dropping on gas, retail and stores like home depot and Lowe. Food will follow, because most people are not going to pick up a ribeye or a filet for over $20..That ribeye then becomes chopped meat. I owned meat markets and food, especially meats, turn bad fast. “Mark em down”
Click to expand...
If you can’t sell it for profit then you aren’t going to sell it I assume? You will mark down current inventory to get what you can but doubt you will keep a product in that loses you money.
 
PanteraCanes said:
If you can’t sell it for profit then you aren’t going to sell it I assume? You will mark down current inventory to get what you can but doubt you will keep a product in that loses you money.
Click to expand...
Food has a short shelf life
 

Market Watch​

Dow surges more than 800 points to score longest weekly win streak since November 2021 as U.S. stocks close sharply higher​

Last Updated: Oct. 29, 2022 at 8:05 a.m. ET
First Published: Oct. 28, 2022 at 5:54 a.m. ET
By

Christine Idzelis​

and

Joseph Adinolfi​


Dow is on track for its best October since its creation​

U.S. stocks closed sharply higher Friday, with the Dow Jones Industrial Average surging more than 800 points to book its longest weekly win streak since November 2021. All three major benchmarks scored another weekly advance.
Equities jumped as investor expectations for the Federal Reserve to shift toward smaller interest-rate hikes after its November meeting offset weak earnings reports from some megacap technology companies.
 
Advertisement
Business Insider

Morgan Stanley's Mike Wilson says the Fed will pivot from interest rate hikes 'sooner rather than later' to help stocks rally by his predicted 6%​

whoop…whoop….
 
mr.h said:
Business Insider

Morgan Stanley's Mike Wilson says the Fed will pivot from interest rate hikes 'sooner rather than later' to help stocks rally by his predicted 6%​

whoop…whoop….
Click to expand...

If you read the rest of the article, he also wrote that this is a strong dead cat rally and that we will experience new lows at the next earnings season.
 
Last edited:
SpikeUM said:
If you read the rest of the article, he also wrote that this is a strong dead cat rally and that we will experience new lows at the next earnings season.
Click to expand...
I disagree. If rate hikes drop or pause, we will be in a bull market. Oh ye of little faith.
 
Last edited:
By Barani Krishnan

Investing.com -- A surprise jump in U.S. oil output for August sent a frisson of concern across the oil market on Monday as traders took it as a possible sign of a production trend, sending crude prices tumbling in a market already on the edge over an impending rate hike, U.S. jobs numbers release and China’s COVID lockdowns.

New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled down $1.37, or 1.6%, at $86.53 a barrel, after last week’s 3% gain.

London-traded Brent crude, the global benchmark for oil, settled down 94 cents, or almost 1%, at $94.83 per barrel, after last week’s rally.
We are still waiting for some refineries to reopen after they go through inspection.
we will increase oil and gas production whether the Dems or Republicans win.
 
Last edited:
Advertisement
mr.h said:
I disagree. If rate hikes drop or pause, we will be in a bull market. Oh ye of little faith.
Click to expand...

You are entitled to your opinion. I was only pointing out that you didnt give a full picture of what Mike Wilson said.
 
Let’s see how we handle the 75 rate hike. It’s all in the hands of Powell.
 
Advertisement
market watch..
The Federal Reserve has made two major policy blunders in the last 25 years.

The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to be toxic during a broad housing downturn. The resulting meltdown in valuations caused the global financial crisis in 2008 that hobbled the U.S. economy for years.

More recently, a misreading of the strength of the labor market and the persistence of price shocks sparked by the pandemic led to the highest inflation rate in 40 years and the final chapter of this saga is still to be written.
 
Advertisement

JPMorgan: The S&P 500 could surge 10% in a single day if the Fed does these two things tomorrow — here are 3 top stocks to bet on it​

Jing Pan

Drew Angerer / Getty Images

It’s not easy to be bullish on stocks these days for a very simple reason: a hawkish Fed.

The U.S. central bank has already announced three 75-basis-point interest rate hikesin a row. Market participants are expecting another one of the same magnitude at this week’s FOMC meeting.

But according to JPMorgan’s trading desk, there’s one specific scenario that could send stocks soaring.

The bank’s team projects that if the central bank raises interest rates by just 50 basis points and Fed Chair Jerome Powell expresses his willingness to tolerate inflation and tight labor market conditions, the S&P 500 could climb more than 10% in a day.

“It is difficult to conceive of a scenario where this outcome occurs given inflation levels and a tight labor market,” the team writes. “Should this outcome occur, the immediate reaction could produce a double-digit one-day return for equities.”
one can always hope. Why not go 50 basis points until we reach 5-5 1/2 %.
 
ADP employment up..wow
which is worse inflation at 7% and dropping with 50bps raises or a deep recession with millions unemployed.?
 
Last edited:
a 75 bps rate hike would bring the central bank’s policy rate, the federal funds rate, to a new range of 3.75% to 4% — its highest level since the end of 2007— from a current range between 3% and 3.25%.. The Fed wants to get to 5%-5 1/2%
 
For a minute when he said the next raise might be smaller, the market popped
 
Advertisement
Back
Top