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Interest rate increases are like a tax. It goes into to effect and spreads quickly across the economy. Increases the cost on everything eventually. They have a far greater impact than the China tariffs have, IMO. The possibility of more tariffs, together with increased interest rates, will slow and kill the economy and growth if unchecked. It looks like the Fed doesn't consider that until the results show up in the data they look at. They'll be behind the eight ball again. Trying to fix what they helped break.
We can allow China to keep on doing what they have been doing and fund them until they are the number one world power. When they insist we become communist we can go along with that too. After all having taken over as the dominate world power and proven communism a winner it would be better to join them than fight them. We are half way there with the democrats wanting to give gov. control over every aspect of our lives now.
There have been interest rate hikes in the past, this was minor but coupled with the other factors it sent the market down. Slowing Growth in China and yet to be determined tariffs are drivers, also it appears that the tax cut was oversold but we will see the results for the next two quarters.
I exited both positions.
One at 23,500 and one at 24,000 both out at 24,000.
I was in the trade for roughly a month and the risk isn't worth the reward.
Total gain was less than 800 points on three buys.
I didn't lose anything but couldn't achieve the goal of a 1500 gain on any buy.
During that time there was only one leg up and it was short of the goal.
The close below the April lows with no upside in sight increases the risk beyond acceptable.
The bottom in this market could be as low as 18,000, IMO, but who knows.
That's where the strongest support is. I'll watch and wait for another opportunity. Anyone shorting the market seems to be in the best position. Shorting doesn't interest me.
Yep. DOW is already freefalling to the 23,000 barrier and its not even 10am.
But keep telling Trump sycophants what they want to hear, phma. I've never seen a group of people so excited to be peed on and told its raining.
I see that you are right. This morning the 'futures' indicated that the Dow Jones would open with a pretty big gain. Perhaps it will recover, for the day is young.
My son's 529, which is a basic age-based fund, is now down almost 2% in the past year. Thanks trump!
Anyone not planning for and expecting a 2% drop at some point obviously has significantly out of line expectations for how investing in the market works.
Anyone not planning for and expecting a 2% drop at some point obviously has significantly out of line expectations for how investing in the market works.
Trump is a liar , a frauder and a mysonginistic racist! Will go down in history as one of, if not THE WORST PRESIDENTS ....EVER !!!
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It's not a 2% drop. You know better.