Most of the recession has already been baked in to the price.
....maybe....I do think last night’s number was a surprise though. On a personal basis, I will only look for good value now at rock bottom prices. Or buy gold. Or stay in cash. Was aiming to load up on a Canadian airline stock, but if we are in a recession ....
Never underestimate how bad Biden and the commie rats can screw up this country. With over 2 and a half years to go they can devastate our economy. I believe these are the good times of the Biden administration.
I’m actually puzzled that the DOW did so well considering we just found out we are in a recession.
Most of the recession has already been baked in to the price.
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S&P broke through support today at ~4200. Next support is ~3800. Cash is king.