I think the 2008 vs. 2022 analog on the #sp500 shifted two weeks forward. I mentioned earlier this week it may have. Again this isn't meant to predict prices; it is meant to tell us if the #bearmarket cycle is still in play. For now, it still has a pulse. pic.twitter.com/yMv8G2wv91
— Michael J. Kramer (@MichaelMOTTCM) October 28, 2022
Ok…one more thought here:
Let's pretend I'm totally offbase (I know, I know…you have to really use your imagination here 😉😅).
What happens if Powell DOES pivot, inflation remains persistently high and equities & GDP still drop anyway…
What does the Fed do then? t.co/v9oEvTdtbt
— Santiago Capital (@SantiagoAuFund) October 28, 2022
Like FDR’s New Deal, Biden’s Tax-and-Spend Policies Have Been an Economic Wrecking Ball
Massive federal deficits, funded by the Federal Reserve, have caused skyrocketing inflation under Biden.
‘Living Paycheck-to-Paycheck Is the Norm’: Inflation Takes Its Toll, Finances As Emergency Funds Dry
Market Watch: ‘Americans’ monthly expenses have outpaced their personal income growth,’ said Kristi Rodriguez, senior vice president of Nationwide Retirement Institute
Fed Pivot Not on Horizon Even As Over-Tightening Risks Loom- Strategists
There is a greater chance of the U.S. Federal Reserve raising interest rates too far and tipping the economy into a recession, strategists and fund managers told the Reuters Global Markets Forum (GMF). “The biggest risk is that the Fed overdoes it since inflation tends to react quite slowly to higher rates, likely even more so this cycle given still not fully understood distortions to the…
When Powell sees stocks rise 2-3% on day (5-6% from overnight lows to levels higher than last Fed meeting) after reporting abysmal earnings, does he think to himself “rate hikes have done a great job of taking froth & speculation out of the market, this is good place to stop.”…?
— Santiago Capital (@SantiagoAuFund) October 28, 2022
These mega-cap tech stocks have shed $5 trillion in market cap. So how has the market not completely unraveled?
It's the revenge of the Dow t.co/D9sGWNBiFP pic.twitter.com/vxTpT5qAf5
— Michael Batnick (@michaelbatnick) October 29, 2022
Market, show me you care.#FOMC t.co/yYqzKbRWuG
— Samantha LaDuc (@SamanthaLaDuc) October 29, 2022
A friend of a friend went from $102,000 to $47mil back to $300,000.
All between 2020 and today and all crypto.
How’s your weekend?
— Tyler (@ApeDurden) October 29, 2022
Iron Ore pic.twitter.com/qSrG86mCiQ
— Win Smart, CFA (@WinfieldSmart) October 27, 2022