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Off-Topic Stock Market & Crypto Discussion

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Bird4um said:
What’s actually causing inflation? Increase in rate won’t affect supply chain or oil prices. That’s policy.
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If it were exclusively supply, sales would be down because no one could afford the prices. Seeing as how prices have not affected sales, there is an increase in the money supply overall.
 
Beat on personal consumption
Beat on personal income…next year some peoples income rise with the cost of inflation…
All these beats in a recessionary environment…
AAPL up 2 1/2 %
AMZN up over 10%….both companies beat revenue..
 
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Exxon Mobil reports $17.9 billion profit for Q2

Shell & Chevron report over $11 billion profits
 
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mr.h said:
Beat on personal consumption
Beat on personal income…next year some peoples income rise with the cost of inflation…
All these beats in a recessionary environment…
AAPL up 2 1/2 %
AMZN up over 10%….both companies beat revenue..
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The problem is all of the above are inflationary. We still have another leg down, because the Fed is now backed into another 50 or 75 bp hike, and more on the horizon. You dont fight the Fed.
 
SpikeUM said:
The problem is all of the above are inflationary. We still have another leg down, because the Fed is now backed into another 50 or 75 bp hike, and more on the horizon. You dont fight the Fed.
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No rate decision until late September. Nice to see big Tech moving up after big declines for the year.
 
SpikeUM said:
Rates came in quite a bit, thats why.
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A reduced demand for new debt is a good sign. Heavily debted economies are ripe for disaster. If more people turn to cash instead of debt, we may see inflation be curbed and a low debt economy.
 
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hotshot said:
Very nice three days at the end of the week. Too early to declare bear mkt over (though some have).
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Best guess is that when the Fed is raising aggressively AND doing QT, we have another leg down, probably the final one. The data that came in this week was still very hot.
 
Nice little bear mkt rally. Dow only down 10% for the year. Good earnings and high employment helped.
Unfortunately the Fed will raise rates into 2023 purposely slowing the economy which is their only tool.
 
China (their July numbers were awful), most of EM and Europe are in contraction mode, and the US consumer is pulling back. We have had two negative quarters and an inverted yield curve. The Fed is raising aggressively AND doing QT. There is a lot of liquidity still in the system propping the market up, but I still dont see a lot of positives out there for a sustained rally.
 
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