Posted on 12/06/2018 6:50:27 PM PST by E. Pluribus Unum
Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected.
The Wall Street Journal reported the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. The report said Fed officials do not know what their next move on rates will be after December.
“What this week and a half shows is an extraordinary sensitivity to headlines, more so than usual,” said Delores Rubin, senior equities trader at Deutsche Bank Wealth Management. “It’s been very difficult to navigate the waters so far.”
The Dow Jones Industrial Average closed 79.40 points lower at 24,947.67 after plunging nearly 800 points, while the S&P 500 closed 0.15 percent lower at 2,695.95. The Nasdaq Composite erased its losses, closing 0.4 percent higher at 7,188.26 as Amazon, Netflix and Alphabet all rose more than 1 percent.
Stocks initially fell sharply as continuing fears over U.S.-China trade relations and concern over a possible economic slowdown kept investors on edge.
“There’s concern that the trade deal is not as good as [President Donald] Trump said it was,” said Mark Esposito, CEO of Esposito Securities. “Recession fears are also settling into the market.”
“It’s definitely safer to be in cash right now,” Esposito said. “I don’t think the fall is over.”
(Excerpt) Read more at cnbc.com ...
Trump:
Two scoops
Two genders
Two terms
Whacks the Chicoms and the Fed with a single Tweet.
Inflation running pretty hot in my area (Central California/FR HQ)...already has had a noticeable impact on restaurant prices over the last 6 months. Am also noticing certain home/grocery items taking pretty big jumps (what’s up with paper towels!?! $8.99 for a 2 pack Brawney “jumbo” roll @ my grocery store!!! Cheaper at WM, but still!). Current inflation rates calculated the “old way” (1980 & 1990):
http://www.shadowstats.com/alternate_data/inflation-charts
Sounds reasonable to me.
I believe the FED was trying to tamper with the election by driving the stock market down prior to election day. Now they are saying “oops, my bad.”
Who else thinks this rebound will not stick?
This is what you get centralized money. Pure corruption and market manipulation. They have betrayed our Republic and the American people’s trust through corruption and pseudo economic policies.
...
Thank you for details...I was too lazy to post what you did.
Many here are knee jerk and too dumb to know they are ignorant. I.e., unconsciously incompetent.
Sell short then.
I invest, I don’t trade. The question is not if it goes back up but when.
My pleasure
There is a movie I have been wanting to see but have not. It is about the 2008 crash called, “The Big Short”. It came out in 2015. Here is the trailer,
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