NASDAQ doing its best to achieve a 3% gain for the day. A good day tomorrow and another good day Friday and who knows how well this market will do?!?
I'm feeling a lot more confident.
And I guess it goes without saying that a three-quarter basis point hike today is expected and priced in, but one would expect markets to be looking for Fed projections about the state of the economy as well as the size of future rate hikes. That would be around 2:30 PM ET for a fed announcement.
I have said this before but when the markets have had a terrible start to the year (January and Feb) 88% of the time the markets have ended up the year in the green. I am hoping that this year follows that trend.
weirdly quiet in the markets - stocks and bonds. after the decision.
I thought there'd be some violence around this decision.
wull....seems to me that the fed will give next to zero clues about the next decision, in September. There's so much time and data between now and then that the fed won't want to say much here in July.
If there are more hikes, they'll be of the 25 bp nature, which will smooth all this.
I mean europe is about to have a recession, it seems...hard to know now what the result of that in the US will be. You'd think a euro recession would lower the price of oil materially but maybe not in this instance.
weirdly quiet in the markets - stocks and bonds. after the decision.
I thought there'd be some violence around this decision.
wull....seems to me that the fed will give next to zero clues about the next decision, in September. There's so much time and data between now and then that the fed won't want to say much here in July.
If there are more hikes, they'll be of the 25 bp nature, which will smooth all this.
I mean europe is about to have a recession, it seems...hard to know now what the result of that in the US will be. You'd think a euro recession would lower the price of oil materially but maybe not in this instance.
Powell speaking now, seems to be just staying the course.
The markets already responded over the last couple of days, and that is that this is no surprise, so classic sell the rumor/buy the news.
Fed suggests econ is slowing and that could ease the rate rises.
the bond market predicted this by having yields peak and start falling back.
I think the violence would have really been if there was a surprise in either direction, and the bigger of the two was floated earlier in the month - would the Fed raise rates a full percentage point? That would have likely spooked the markets.
I fear we haven't blown out nearly enough bullsh!t companies for this to be a fully efficient completion of the business cycle
Agreed, bond market says things get much worse. Short covering rally that likely should be sold.
I dunno…crypto world has been brought to shards pretty well. Carnage was immense and there were massive losses. or look at ARKK stonks if you want to see the extinction of bubblish sentiment.
that said, this gdp number tomorrow and then later a PCE inflation index could drive us back down 4% in a heartbeat.
Doesn’t someone on the thread follow gundlach? Gundlach is sounding constructive about the Fed now. Says Fed is almost done. Which I agree with. Should be good for stocks.
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