Posted on 07/19/2021 9:19:03 AM PDT by AAABEST
Energy stocks plummeted as well following a more than 3% drop in oil prices. Chevron (CVX) and Exxon Mobil (XOM) were down nearly 3%.The OPEC+ group of nations also agreed over the weekend on a deal to produce more oil, a move that could boost supply and reduce crude prices.
Long-term bond rates continued to slide as well, a sign that fixed income investors are now far more worried about a Delta variant-induced economic slowdown than they are about rising inflation fears. The yield on the 10-year US Treasury sank below 1.2% for the first time since February.
But as consumer prices continue to rise, some worry about a more insidious threat: the possibility that another Covid-19 outbreak could slow the economy even as inflation pressures mount. That's a phenomenon known as stagflation.
(Excerpt) Read more at cnn.com ...
This scarient is harmless...
The world is so freaking upside down.
Don’t plan based upon the alleged dangers of the Wuhan Flu.
Plan based upon the opportunistic perfidy of Democrats and out of control government.
Biden variant will destroy the economy.
Let’s bring in some more illegals…that’s the ticket.
Maybe fears about inflation have something to do with this adjustment, maybe.
A correction will come, no matter what happens.
The market smells the Biden Recession.
I'm about 50% in LT treasury mutual funds and ETF's. TLT is high like Hunter today.
No, you are correct to invest in tangibles. But unfortunately, a crash short-term will drag down everything with it, perhaps especially commodities, because the "narrative" for these has been reflation.
You need to be more scared!!! Cower in fear!!! Covid is going to kill all your chickens!! Your only hope is to obey the government without question!!
As for personal investing advice, you can never go wrong with index funds based on the S&P 500.
So long as you stick with it for the long term and continue investing, even on the dips - that is called dollar cost averaging.
Almost always, an amateur that is constantly re-allocating and shifting investments around trying to time markets gets burned.
I’m not high on gold and silver right now but I’m in other metals and energy. I manage most of my own stocks, but have one account with a broker. Just called him and asked if he was being kept busy today and he laughed and said, “Yes I am.”
I told him we were holding what we had in that account, and most of it is in energy. Everybody thinks the recent OPEC+ agreement will lead to more supply, lowering prices. I think the agreement will lead to higher prices over time IF the world doesn’t shut down again. If it does, there will be a big price shock upwards upon the eventual reopening.
I’ll also be surprised if citizens put up with onerous shut downs due to the variant.
Under Communism, honest people lose.
For more advice, ask a former resident of Caracas.
Very strange you put it just that way - it's exactly what I've been telling people... with a straight face.
Just as investors could *count on Trump improving the economy when he was elected, they can *count on Biden fkn it up.
Market is more over-valued right now, even after drop today, than in 1929 before the crash. Gravity is not your friend.
It is my understanding that by corrupting the attribution of this article, you subject FR to legal scrutiny.
Is that your understanding as well?
This is just a headline with an excuse, written by someone who has no clue about the workings of the market.
Let’s blame it on something that we already know works.
The lemmings will swallow it hook, line & sinker!
Delta is just an excuse, I think the Central Bank has a planned deflation of the market. Probably going to let 30-40% out of it over the next 3 months as their friends get out of it first.
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