Maybe, especially if people use their old blades longer. Think it doesn't happen? It happens all the time during economic downturns. People get haircuts less frequently, buy fewer groceries, and resort to all sorts of cost cutting measures. If anything is polyanish, it's the belief that recessions don't happen, and that they don't crimp consumer spending.
I remember hearing about that boogie man as far back as the '80's. The savings rate has been low to negative for at least 20 years.
It doesn't matter. If I see too many red flags on the horizon, I'm not going to stick around and risk a 20% or greater haircut when I can take fat profits now.
pushing it back into the green very slowly. Have a feeling the dow will close above 11950 today.....inflation, what inflation?
we are in a bull market - this is how things work. i would suggest covering now before we run you out of town.
I hope to god you are not daytrading on inflation data. Hell you might as well be trading off the weekends football results.
Im not trading today, havent made a trade yet, waiting for results from the big tech names before I make any moves.