And the stock markets are acting like they believe inflation has cooled and is under control. So much manipulation.
It’s not manipulation, it’s just people placing their personal bets with their own money. I think they are too early but they are free to invest as they please. The vast majority of investors are too late to buy back in after downturnds, including me in the past. This time I mostly stayed in and just rebalanced.
They got people to sell stocks and go into cash. Cash which is losing 15-20%/year in value.
Now that the stocks are cheaper the smart money is going back in.
What ever the issue is with stocks over time they will go up but once cash loses value it never regains it.
The smart money people understand this.
And the stock markets are acting like they believe inflation has cooled and is under control. So much manipulation.Can we stop pretending "the stock markets" are some unknown aliens?
The stock markets are fueled with your/my tax dollars. You and I are the only ones who will lose in the end.
Your President said inflation will come under control when tax credits for solar panels kick in next year.