I found todays rally inconceivable, I had several longs this morning, oil, tech, etc. made some money today, but missed an incredible rally again. what the #%$ is going on out there?
PMI below 50, oil socking it to the consumer, PPI and CPI about to take off --- they hope the fed is done sooner now rather then later. to bad the fed hates inflation so much -- next fed meeting rate announcement will be a big one.
High probability Fed will keep on increasing rates. Smaller increase maybe, but there will be an increase. Does'nt mean stocks can't go higher in the interim. Well more like couple weeks new chop zone.
I think the employment report this Friday will surprise many with a much stronger than expected payroll number.
I concur. I don't think that rate hikes are over until the far end of the yield curve starts to hike - and that's even with inversion. A significant slowdown with anaemic growth might give people enough time to take a breather and to give china a breather too. current events, though spectacular, have only moderate slowing effects - I'm guessing about .5-1% of GDP decrease for 6 months from the whole enchilada. That's only a guess, without harder analysis to back it up though.
What a nice thread. No one accusing anyone of anything illicit or being stupid. Good infor, food for thought. Very nice. Play nice, boys, play nice.