Posted on 12/13/2023 2:34:52 PM PST by davikkm
In a surprising move, the Federal Reserve is hinting at multiple rate cuts in 2024, sparking questions about the stability of the financial system. This decision has historical echoes, as every major rate cut since the 1970s has been followed by a substantial 30% drawdown in the S&P 500.
For the first time in recent history, Chair Powell’s alignment with market expectations signals a potential departure from the usual cautious stance. The market has responded positively, with the S&P 500 on track for its 9th green day out of the last 10, reflecting investor confidence in the Federal Reserve’s promises.
(Excerpt) Read more at citizenwatchreport.com ...
My AMD stock went from $116.60 on 12-6-23 and on Wednesday 12-13-23 it was $138.19
In 5 trading days it went UP $21+ dollars 😁
Just as I thought it would happen. No more interest rate hikes and now news that interest rates will be lowered in 2024.
All due to the coming election.
The lies will be ramped up by Biden administration in 2024.
#10 I checked my credit score at credit.com and it had fallen due to my having 5 cards with 3 paid off a long time.
I pay on time and never a ding. It was over 800 for years.
A+ for Payment History.
Now under because they gave me a B- for debt usage.
A ‘B’ for Account mix. 54 mo. Youngest Account, 219 mo. Oldest Account
I use the 2 other cards and have a 26% Debt to Limit Ratio.
My car was recently paid off (nov) so only 2 cards with debt.
Next January I will pay off the 2 cards thanks to stock going up.
Pay next year to avoid taxes for 2023 : )
I wonder if I will be dinged for not having any debt?..... !
When I retired I paid off ALL debt mortgage included, if I don’t have the cash I don’t buy it!! My credit score with NO debt went down considerably HOWEVER I don’t care, first time in my life being completely debt free and it is fabulous!!!
Sure they are...
But yes, it is obvious who controls the economy.
...still, George Carlin was only 50% right, in that...
...it "ain't" a big club, it's a relatively SMALL club...
...but he was right, "it ain't US"
“Your best chance in the stock market seems to be buy and hold.”
The biggest problem with “buy and hold” is that homo sapiens is really bad at it.
Stock markets crash now and then and the majority of investors panic—especially since those are the periods when the economy is hurting and they may get laid off from their jobs and need the money.
The Fed doesn't give 2 ****s.
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