Posted on 07/05/2022 12:01:46 PM PDT by Tell It Right
Stocks were mostly lower on Tuesday as concerns about a possible recession in the U.S. weighed on investor sentiment, but lower interest rates appeared to boost the tech sector.
The Dow Jones Industrial Average fell about 290 points, or about 0.9%, after falling roughly 700 points earlier in the session. The S&P 500 dipped 0.4%. The tech-heavy Nasdaq Composite outperformed and rose more than 1%.
(Excerpt) Read more at cnbc.com ...
I could swap some Biden Bumbles Back in exchange of resuming So Much Winning.
There is a rate hike coming this month. May be .50% or another .75%
That will cause the stocks to go down down down as they have been when the FED announced them in early Dec 2021. The price for everything will go up. Not a single have the democrats done that would help the economy.
Biden’s economy is a mess!
“Falling interest rates?” Ha, ha!
Yeah, but oil dropped below $100.
When unemployment is 15% they’ll brag about the low cost of oil.
Those older investors who under most circumstances would ride out the stock market volatility quiet comfortably are watching their retirements go in the tank by being conservative.
Big retracement rally coming this week in Nasdaq and cryptos
If FED does not raise interest rates to neutral level (about 4.5% based on real inflation and historical experience),
the inflation will last a long time.
When one is sick, it is best to take the bitter medicine for a quicker recovery. Kids don’t think that way. Smart adults do.
Except house prices. They have a ways to go down to get back to sane pricing levels, here on the west coast at least.
CNBC Will bend into a bag of pretzels to find a positive spin for Biden. The are the CNN of financial news.
I have this stock that goes up when the market goes down (I know its very strange), so that is providing some cushion against the airline I bought. My only other holding is gold.
Western economies are truly stuck at this moment. Mortgage holders can’t afford higher rates, but as consumers they can’t afford to eat either with inflation as it is. I guess we finally are at a place to see that central banking isn’t some magical solution we all thought it was.
The FOMC meets again on the 26th. I expect at least a 50 point raise, and would not be surprised if it was a full 1%.
I’ve got a chunk of my portfolio in mutual funds and ETF’s that buy long-term treasury funds. They usually go up when the market goes down, particularly after the S&P 500 has entered a bear market.
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