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The problem was instead of dumping trillions in top heavy stimulus during "good" times we should have pushed for forced wage growth on the bottom half of the population. That is where there is potential for demand increases are.
Save the properly focused tax stimulus (not West we got)for when we need to jump start things during a recession. Right now we are running a trillion in the hole every year and got almost nothing for it.
Investment requires demand. Demand potential mostly lies in the middle class and below. Failure to focus there on stimulus amounts to waste.
I think Powell's done fine. The obvious question is are we about to see a significant spike in prices from the tariffs. So far manufacturers have used timely buying to avoid the pain, but if those windows close with permanent tariffs, I hope it's solidified. That gives businesses the signal to start investing elsewhere. The unknown is going to crush corporate spending.
Since the beginning of June the market has begun pricing in a rate cut by the Fed in their upcoming meeting held June 18-19 (you could also make the argument it's been all about tariffs, but who really knows?). But what happens if the Fed doesn't cut in June? The market is already pushing up against key resistant levels and it could break down if bad news comes out of the Fed meeting. If the fed does cut rates, is that what propels the market into new highs? This feels like a key fed meeting.
At any one of these points in the last 18 months, it looked like we could have had a major bear market. Yet, it did not happen.
That is why it is said that you simply cannot predict short-term movements in the stock market. Anyone who says they can is talking out of their butts.
These charts do make pretty patterns for the eyes so they are not totally useless
They predict nothing. However, when someone is explaining them they always sound super smart and in the know ESPECIALLY when markets are plunging. Speaking of which where are all the people on here predicting gloom and doom from last week?!!?
One thing about this our current political and economic climate- never have so many with such confidence, vehemence and authority been so wrong for so long
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