Posted on 12/19/2022 11:07:33 AM PST by Right Wing Vegan
U.S. stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared that the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession.
The main U.S. benchmarks have sold off sharply in December, putting them on course for their worst annual declines since the 2008 financial crisis, after mixed economic data and the Fed's hawkish stance fueled worries of a recession.
Tesla Inc (TSLA.O) fell 1.6%, reversing strong premarket gains in the wake of a Twitter poll that showed majority of users voted for Elon Musk to step down as chief executive of the social media platform.
"There's residual negativity from the Fed's more hawkish comments, concerns about where interest rates are going to end up next year and what that is going to do to valuations," Michael James, senior vice president of institutional equity trading at Wedbush Securities.
(Excerpt) Read more at reuters.com ...
recession worries persist”
these propagandists let the rats change the definition of a Recession on the fly. Bastards.
We were in a recession by the old definition, but they said that wasn’t the definition of a recession. Then 3Q showed growth so now we’re out of the recession that didn’t happen. So I guess now we’re worried about - what exactly?
We’ve been in a recession. Only the slow minded are catching up now
Everybody is looking at Tesla because Elon Musk and Twitter but the stock market doesn’t care at all.
It looks like ‘recession worries’ will persist for about a year. But the market looks 6-9 months ahead so keep that in mind.
That chart needs to be logarithmic, not linear.
No investor should listen to any administration about anything on this subject and most know better.
“We’ve been in a recession.”
The economy has slowed. It is not in recession.
Fixed it.
When it’s actually a recession we’ll know because most will call it a depression.
See the inverted US treasury yield curve. GDP is not an accurate economic indicator since government spending props up the GDP.
WoW thanks for that mr greenspan. Your expertise is dazzling.
we ain’t seen nuthin yet.
When they start calling it a recession we will be in a depression. Recession is a word invented to take the place of the word depression so as not to invoke memories of the 1920’s and 30’s. We probably have as many people living in tents now as we did back then.
I understand all the signs, I’ve been through this cycle multiple times as an investor.
This is the preliminary. When the recession is full on it will be called a depression. That will be one signal to that the stock market will start recovering soon. Then the public will say it’s fake when the market starts gaining again. They will say that until the next slowdown and the pattern will repeat as always.
I’ve been buying T-Bills like crazy for months so I see the yield curve every day.
The media won't declare it a recession until the next Republican is elected president.
Regards,
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