I'm already there.
Posted on 06/22/2022 2:50:52 AM PDT by John W
U.S. stock index futures fell early Wednesday after the major averages jumped in regular trading hours, attempting to claw back some losses following weeks of selling.
Futures contracts tied to the Dow Jones Industrial Average fell 420 points or 1.4%, while S&P 500 futures declined 1.6%. Nasdaq 100 futures fell 1.8%. The Dow on Tuesday surged 641 points, or 2.15%. The S&P 500 added 2.45%, turning in its best day since May 4. The jump comes after the benchmark index slumped 5.79% last week in its worst weekly performance since March 2020.
The Nasdaq Composite advanced 2.51% on Tuesday, following its tenth week of losses in the last 11 weeks.
Growing fears that the economy will tip into a recession have recently weighed on stocks. The Federal Reserve last week hiked interest rates by three-quarters of a percentage point, the central bank's largest rate increase since 1994.
The move came as the Fed tries to cool inflation, which has surged to a 40-year high.
"We don't see a U.S. or global recession in '22 or '23 in our base case, but it's clear that the risks of a hard landing are rising," UBS said Tuesday in a note to clients.
"Even if the economy does slip into a recession, however, it should be a shallow one given the strength of consumer and bank balance sheets," the firm added.
(Excerpt) Read more at stocks.apple.com ...
Dead cat bounce. Not a straight drop off the cliff, but hitting several ledges on the way down.
I guess now the Joe Stolen/”Que mala” Harris regime won’t be crowing about their prowess in this part of the economy.
It is just too big a job for that crew. They are fast losing whatever control they had, and there shall be no “soft landing”. Schadenfreude, anybody? It is just that we all are going to be in a world of hurt.
Toasted wheat for everybody!
No thanks.... I prefer Cream of Wheat meself.
I'm already there.
A Hamster in every pot!
I haven’t had Cream of Wheat since they removed Uncle Ben from the box!
Sucker rally.
Translation. Keep sending us your funds for us to flush down the toilet.
"Even if the economy does slip into a recession, however, it should be a shallow one.
Is Yenta Yellen the Spokesperson for UBS?
So the plan to fundamentally change America is still on track.
happiness is being long puts these days..... or at least short call spreads.
Oh well, at least oil is down to 104 and change (as of this morning)
Anything that is touched by politics (i.e., power grabbing) is ruined...and that includes economic engines.
But on a positive note, the public is fed-up with Leftist politics and whores like Biden. If the American public looks like it will rise up against such crap in the upcoming elections, the markets will start to turn the corner.
The problem with the plan to fundamentally change America was that it was actually a plan to fundamentally change reality itself...and that is impossible.
Market rebound fizzles...market rebound? What a laugh.
Next week. Tradable rally probable.
UBS knows how to work the muppets, don't they?
“The problem with the plan to fundamentally change America was that it was actually a plan to fundamentally change reality itself...and that is impossible.”
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But at least it made the Left Loonies feel good about themselves and that’s what is of utmost importance to them.
They could not care less whether it was lies and as a matter of fact it usually is lies, because doing things that make you feel good about yourself is usually much harder than lying. So, to them, truth be damned!
Well and correctly said
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