Didn’t he claim credit early this year when the market was going bonkers? Yes? Then he also gets credit when it flails. P |
Stock market =/= economy |
Everything is psychological. You can study all the charts, statistics, history, etc but you will find it's all based in emotions - humans are emotional creatures and you can't escape panic, anxiety, fear, reactions in general. It's not logical - it's about feelings. Consider emotions and if you're good at reading people and understand psychology - you'll figure out what happens next. |
Which is why the soft landing would be such a gift. The Fed needed to ease up on rates last meeting and didn't. They need to do it in September at the latest |
Please use correct grammar. It’s not rocket science. |
So much angst. Right now the market is back where it was in April of this year. We’ve lost a whole four months of asset appreciation. If that’s a “tailspin” I’ll take it. |
The stock market correction has nothing to do with inflation. |
Nasdaq opened at $13,342 on Biden’s Inauguration Day. It’s currently at $16,195.
The Dow is 2x where it was when Donald botched the pandemic. |
This is just the semi-annual blip that will fleece the noobs. |
Tell that to people in 1929. When trillions in wealth evaporates on the markets, jobs inevitably are impacted. In this case though, full fears of a recession are settling in. It's absolutely the macroeconomy blowing up that is causing the global markets to implode. Jobs numbers in the US were far worse than expected. The US may already be in a recession. |
Well, that market correction was short lived.
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Except this is being driven by macro Econ fears of a recession |