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 ...
Silver down 2.54%, Gold down .37%.
Complete bunk.
Hedge funds and banks have jacked up an already jacked up system and the SEC has done little to stop them.
The real issue is a combination of inflation caused by Fed and Government over spending/printing and now the MASSIVE hidden - aka, naked - short selling of companies that the uber wealthy and their money managers bet on going pandemic bankrupt. The biggest and worst bet being Game Stop $GME.
$GME will now not go bankrupt and will probably take a big bite out of Amazon’s profits as it expands product lines, distribution warehouses and capitalizes on gamer loyalty and stock HODLer loyalty.
Hedges R Fkd
Currently, most of the market is suffering big losses today. $GME? At this moment, 2% in the green.
down almost a 1000 points at the moment ... IF this keeps up, there will be great buying opportunity for cheaply picking up some of the babies thrown out with the bathwater ...
Politicians habitually attribute market declines to whatever they think people ought to be fearing most. Democrats — COVID and global warming. Republicans: the prospect of rising interest rates making stock values decline; and socialist economics.
Who has it right this time.
The reason for today’s crash is a ridiculous over reaction to a simple variant. The media needs its ratings back and is going to overplay “COVID Part 2” stories. We see how the market was wrong in March of 2020 as well. I am always bearish on markets so don’t get me wrong. But I base my views on the fact I think the world has BARELY inched its way out of a recession and will likely fall back into one. But NOT because of COVID.
Yeah I played on gold and energy stocks but all out of energy now. Really nowhere to plant ones money - unless you are masochistic and want to try Bit Coin.
Daily headlines are written my guess by creative writing grads. They never have an effen clue. How do you explain the movement of 10,000 equities?
My long term treasury funds are doing nicely today. They go up when stocks go down as hard as Monica on Bill.
Lest offshore some more factories and ruin more local economies. That’s the ticket.
There is some truth in this. From what I hear our local hospitals here in florida are indeed filling up with the “Delta variant.” These patients are the typical hospital “frequent flyers” and have comorbidities. There is no evidence otherwise healthy folks are in much danger at this point.
Yes I just got out of my only stock fund last week. Mr. GG2 and I are in PM and real estate.
That selection should do well in an inflationary environment.
Most valid observation of this thread.
I sold off a portion of my stock holdings today. Fear? No, just realizing that this dip is the worst of the year and may be the beginning of another slide this week. When most people say "it's a buying opportunity, buy this dip", that's when I decide to sell some and take a wait and see view. The markets are not reflecting reality, and are being manipulated by as you say it, Marxists.
Gold is down today. Oil is down today. Bitcoin is down today. The yield on the 10yr Treasury is down today. This isn’t the stuff of inflation. Granted that you can’t judge based on one day but it’s interesting that money that bailed out today didn’t go into inflation hedges.
Cathie Wood of Ark funds believes that we are going to experience a period of good deflation rather that inflation. Good deflation occurs during periods of rapid technological innovation. The 1920s were one such period. Of course that was followed by the most famous period of bad deflation in American history but I think that was an odd coincidence rather than cause and effect.
Single Family Homes are being purchased in quantity by investment firms. Blackrock is one very large player. In SoCal these firms are paying 20% or more above listing price and individual buyers haven’t got a prayer. There’s also a lot of foreign investment in SFHs. This is different than the unstable mortgage lending of the bubble which created a house of cards. It doesn’t appear to be based on leverage so investment groups can keep this up as long as they want to. They are creating a nation of forced renters.
Gold and stocks down? What a great time to buy both?
IIRC, last year this happened a few times; things plummeted just to rise up again and again. There was some discussion of market manipulation to increase profits by fraud - or something like that. I don’t have enough capital to play in stocks or gold.
Inflation adjusted Cape P/E ratio.
The economy train is heading into a depression with driver senile Joe at the wheel.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.