Posted on 05/26/2022 6:33:38 AM PDT by Tell It Right
The Dow Jones Industrial Average and S&P 500 rose Thursday, as Wall Street tried to rebound from a long string of weekly declines.
The Dow rose 141 points, or 0.4%. S&P 500 climbed 0.4%. Nasdaq advanced 0.1%.
The Dow has fallen the last eight weeks, while the S&P 500 and Nasdaq are riding seven-week losing streaks.
(Excerpt) Read more at cnbc.com ...
1st quarter GDP declined 1.5%. This is the worst since 2Q 2020 (early stage of the plandemic).
IMHO this is a dead cat bounce.
People playing the market lately and for the next 3 years, are in denial. The prospects for an economic recovery are very dim, and with virtually no profits coming any time soon. People are not buying houses and they can’t sell them, where housing drives a lot of purchases. With prices of everything being sky-high, people have to be delusional if they think this is a market that has any kind of recovery coming soon.
up 200 after falling by thousands? That’s good? That’s like saying gas prices dropped 2 cents a gallon and are now down to $5/gal.
More fake optimism.
While we have a vile deranged & evil leader in charge, the bad news will continue to accumulate.
in before the dead cat bounce.
CBNC doing its best to prop up the rats.
I’m bullish on Bidenomics. Did I say that?
Inflation is eating away at peoples’ disposable incomes. With costs of all necessities rapidly rising there are fewer and fewer dollars of disposable income left. This will dent consumers’ purchasing power to the point where they are no longer able to spend with abandon.
Whatever purchases they put on plastic are costing them even more in terms of high debt service costs, thereby further reducing their disposable income.
Eventually the weight of inflation on the consumer will impact businesses and sales will inevitably decline.
In the face of slowing economic activity, rising unemployment, and an upcoming election don’t be surprised to see the Fed soften its “resolve” to fight inflation. They are in a box of their own making and don’t have the fortitude to do what needs to be done to control inflation.
An ugly economic scenario is approaching IMO.
A lot of irreparable damage by Brandon has already been done.
We deride him as a weak and clueless puppet but he is achieving his nefarious goals.
We haven’t seen capitulation yet.
We’ll know it when it happens.
IMHO no recession this year, November elections will give the market a bounce as it ushers in the sweetest word: GRIDLOCK.
Republicans could and should do extreme oversight of the out of control regulators that are jamming up the works in so many parts of our economy….especially the energy industry.
And I think we’ll see some improvements in lending in that industry, though they may be (as was done during Obummer’s time) “non-traditional” lending.
The winner is the one that loses the least
Up over 400 points currently
November elections will give the market a bounce
*************
I agree. A big win by the GOP will buoy the markets — temporarily. (Might be a good time to engage in some selling.)
When reality sets in that the GOP is all talk and no action (situation normal for the party) the market will realize that we will be gridlocked in a bad place. A toothless party will be “in control” of the congress and Biden will rely more than ever on executive orders to advance his destructive agenda. A formula for stagflation and malaise.
After the election is over and the Deep State’s favored team takes a beating the Fed will feel unconstrained to proceed full speed ahead with tightening. This will conveniently let the resulting economic damage weigh on the new congress.
I think we’re going to see some curious activity in the market for quite awhile. The Fed will do whatever it takes to ‘manage volatility’ during precarious times.
Anyone who doubts that should ask themselves if they every imagined the Fed racking up a $9 trillion balance sheet or buying ETFs. They can do practically anything under the rubric of ‘price stability’.
Now up 400+, and that is after news the 1st Qtr GDP rate came in at -1.5% compared to a projected -1.3%. Sometimes there is just no figuring what investors are doing or why.
With you 100%. 🙂
The ‘what’s wrong’ list with America is very long! It had to happen.
No Morals. Division, Hate.
Make people like each other. Crowd them all together, like rats and they will eat their own.
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