We’ll disagree and here is why I say that...they are already calling this a 10% correction, not a panic market.
The distinction is very clear the powers that be are already pumping up the propaganda too.
“10% corrections normally occur an average of twice a year. We haven’t had one in over four years since 2011. Having experienced a market that has gone basically in one direction with very little pullback since the bottom of March 9, 2009, we’re all a little spoiled”
Respect your views but bear in mind that there is a lot of external pressure (ECB, IMF) on the Fed to not hike rates. Also, higher rates mean higher dollar which negatively effects our exports.
I also think the Fed is reluctant to raise rates because of its impact on the government’s debt service costs which are already astronomical. But that’s another topic for another day.
We live in interesting times. lol