Quote:
Originally Posted by BroadwayJoe
Well, we are at that point again.....
With pre-market down , its now open for another 300 pt drop to pandemic level...
Its really big where today closes ........
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The total lack of enthusiasm from any buyers is a noticeable shift from a couple months prior. Seems like the Fed might have finally landed a message to even the most optimistic of investors.
I will say this, the way the Fed is moving it's change in position is going to be swift, noone knows how high they will take rates or for how long, but given the pace they are moving the effect on the economy is going to come quick. This IMO will force a change in stance from the Fed just as quick.
I am partially curious of what happens if rate hikes alone don't fix inflation. The labor market has a LONG way to fall before wage growth is suppressed or it gains better balance. And then there is the problem of the government spending like drunken sailors......
