Most on the S&P 500 board at Yahoo Finance are saying this is because of the 5.25 fed funds rate. I don’t think so.
A 5% rate is probably more healthy than those .25% rates we had during most of Bidens term.
That free money party is over and now the hangover.
It isn’t the funds rate...it is the final chapter in the covid 19 money being gone.
33% of parents don’t know how they are going to pay for back to school
34% plan on going into debt on credit cards for BTS
CC deliquency is at an all time high
Car repot is surging
BLS numbers have been “adjusted” negatively for nearly 3 years after lying about how good things are.
It is all a house of cards and it is time for it to come down. And yes, I want this to happen BEFORE the election, because then it is all the Biden regime’s fault.
Always remember the FED is a private company. By what “Right” are they allowed to hold a capitalist country hostage?