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To: SaxxonWoods

And apparently the markets loved what he said. NASDAQ is up 2.4% this afternoon.


9 posted on 11/30/2022 11:24:43 AM PST by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Yo-Yo

“And apparently the markets loved what he said. NASDAQ is up 2.4% this afternoon”

Nasdaq tech stocks are the stocks most dependent on interest rates. 2.8% (now) is a mild reaction so far. Nasdaq is usually the most volatile exchange.

Thanks for reminding me to watch the Bond Market reaction, which is the important one.


10 posted on 11/30/2022 11:39:59 AM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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