Posted on 07/13/2022 6:34:25 AM PDT by Tell It Right
Stock futures slid on Wednesday after June inflation data came in hotter-than-expected, contributing to growing fears that the Federal Reserve will get more aggressive in its fight to tame rising prices.
(Excerpt) Read more at cnbc.com ...
My notes: If you invested in a simple S&P 500 index fund the day Commander-of-Cheat entered the WH, you'd be down about 1.3% , even after dividends.
The S&P 500 is down 21.5% from its Jan 3, 2022 ATH. The stock market could use a few mean tweets about now.
And as posted by John W at https://freerepublic.com/focus/f-news/4078067/posts, CPI inflation is 9.1%!! Elections have consequences. Stolen elections even worse.
My prediction of a 45% drop in the Dow Jones 30 Industrials and S&P 500 from ATH by the end of September 2022 is still on.
Socialist Democrat policies.
Turnning America into the same type of socialist hellholes many Latinos fled from!
Honestly, I’m a little surprised it hasn’t dropped more.
hotter-than-expected
*Drink*
The dems set out to destroy Trump’s successful economy. They are happy to see inflation go up because it destroys one’s life savings, and to see the markets go down, because they hate capitalism.
biden did this!
Brandon will blame this on Putin.
The day is not over. Bargain hunters.
Good news for I bond investors.
Everything is down except PFE Pfizer. Must be the new Jab and the new Pfizer-Mectin “Paxlovid” loved by the investment brigade.
When you strangle the energy supply of a nation, its economy weakens and contracts. Eventually the stock market reflects that reality. Then if you print dollars , you get stagflation. If inflation were factored, the true value of equities are on average 3% lower than they were in 2020 despite COVID. Unless the lunatic energy policies are reversed the economy will worsen.
“Honestly, I’m a little surprised it hasn’t dropped more.”
I’m expecting the Dow to be around 25,000 at the end of Q3 2022.
Record credit card debt and bond rates inversion, too. Keeping up with the Jones is getting nearly impossible.
CPI inflation is 9.1%!!
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The government manipulated CPI is 9.1%.
Imagine what it really is.
Honestly, I’m a little surprised it hasn’t dropped more.
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It was a horrible number, for sure, and one that would seem to warrant a much bigger drop. Strange things happen in the Fed Market. Just saying.
Bring on the Plunge Protection Team!
I’m expecting the Dow to be at negative 2,500.
The rising costs of food, shelter and energy is wiping out whatever disposable money people once had. Nothing is left over after the costs of meeting the basic necessities.
Particularly bad news for retirees or anyone nearing retirement.
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