Ragoo said:
Bonfire1996 said:
FJ43 said:
If there is a peace agreement or truce do we:
Rally?
Dead cat bounce?
Grind sideways?
Downtrend continuation?
Rally temporarily as oil drops to $90. Reality is inflation is so bad the Fed must destroy demand to get it under control.
Rally to May, then drop below this level as companies guide lower and lower and lower.
Just my thoughts
what are you seeing in the greater economy? Seems like we are in a slow deleverage period.
I see a complete and total lack of confidence to invest money in new ventures and projects. The only investment is in search of low risk, low yield real estate, and that's just people putting existing liquidity to work.
When the Fed raises rates to 0.75%, people will stop investing in risky assets and start going to bonds. Then there will be no new investment in future, big thinking projects.
Demand destruction has begun with inflation, it will go ape shat with raising rates.
I predict a recession beginning 3Q and it lasts through the end of Biden. It will be protracted at first and then hover above and below the 0% GDP growth line but only because the BLS changed the calculation.
This one will hurt. Texas and Florida will thrive though as the recession will be really freaking bad in Covid destroyed locales. Invest locally and you will be fine. Ride the dead cat through Sept 1.