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Off-Topic Stock Market & Crypto Discussion

PanteraCanes said:
If you can’t sell it for profit then you aren’t going to sell it I assume? You will mark down current inventory to get what you can but doubt you will keep a product in that loses you money.
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Food has a short shelf life
 
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Market Watch​

Dow surges more than 800 points to score longest weekly win streak since November 2021 as U.S. stocks close sharply higher​

Last Updated: Oct. 29, 2022 at 8:05 a.m. ET
First Published: Oct. 28, 2022 at 5:54 a.m. ET
By

Christine Idzelis​

and

Joseph Adinolfi​


Dow is on track for its best October since its creation​

U.S. stocks closed sharply higher Friday, with the Dow Jones Industrial Average surging more than 800 points to book its longest weekly win streak since November 2021. All three major benchmarks scored another weekly advance.
Equities jumped as investor expectations for the Federal Reserve to shift toward smaller interest-rate hikes after its November meeting offset weak earnings reports from some megacap technology companies.
 
Business Insider

Morgan Stanley's Mike Wilson says the Fed will pivot from interest rate hikes 'sooner rather than later' to help stocks rally by his predicted 6%​

whoop…whoop….
 
mr.h said:
Business Insider

Morgan Stanley's Mike Wilson says the Fed will pivot from interest rate hikes 'sooner rather than later' to help stocks rally by his predicted 6%​

whoop…whoop….
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If you read the rest of the article, he also wrote that this is a strong dead cat rally and that we will experience new lows at the next earnings season.
 
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SpikeUM said:
If you read the rest of the article, he also wrote that this is a strong dead cat rally and that we will experience new lows at the next earnings season.
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I disagree. If rate hikes drop or pause, we will be in a bull market. Oh ye of little faith.
 
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By Barani Krishnan

Investing.com -- A surprise jump in U.S. oil output for August sent a frisson of concern across the oil market on Monday as traders took it as a possible sign of a production trend, sending crude prices tumbling in a market already on the edge over an impending rate hike, U.S. jobs numbers release and China’s COVID lockdowns.

New York-traded West Texas Intermediate, the benchmark for U.S. crude, settled down $1.37, or 1.6%, at $86.53 a barrel, after last week’s 3% gain.

London-traded Brent crude, the global benchmark for oil, settled down 94 cents, or almost 1%, at $94.83 per barrel, after last week’s rally.
We are still waiting for some refineries to reopen after they go through inspection.
we will increase oil and gas production whether the Dems or Republicans win.
 
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mr.h said:
I disagree. If rate hikes drop or pause, we will be in a bull market. Oh ye of little faith.
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You are entitled to your opinion. I was only pointing out that you didnt give a full picture of what Mike Wilson said.
 
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Let’s see how we handle the 75 rate hike. It’s all in the hands of Powell.
 
market watch..
The Federal Reserve has made two major policy blunders in the last 25 years.

The first was being unaware that the foundation of the U.S. banking system had been eroded away by complex mortgage securities that carried high credit ratings but turned out to be toxic during a broad housing downturn. The resulting meltdown in valuations caused the global financial crisis in 2008 that hobbled the U.S. economy for years.

More recently, a misreading of the strength of the labor market and the persistence of price shocks sparked by the pandemic led to the highest inflation rate in 40 years and the final chapter of this saga is still to be written.
 

JPMorgan: The S&P 500 could surge 10% in a single day if the Fed does these two things tomorrow — here are 3 top stocks to bet on it​

Jing Pan

Drew Angerer / Getty Images

It’s not easy to be bullish on stocks these days for a very simple reason: a hawkish Fed.

The U.S. central bank has already announced three 75-basis-point interest rate hikesin a row. Market participants are expecting another one of the same magnitude at this week’s FOMC meeting.

But according to JPMorgan’s trading desk, there’s one specific scenario that could send stocks soaring.

The bank’s team projects that if the central bank raises interest rates by just 50 basis points and Fed Chair Jerome Powell expresses his willingness to tolerate inflation and tight labor market conditions, the S&P 500 could climb more than 10% in a day.

“It is difficult to conceive of a scenario where this outcome occurs given inflation levels and a tight labor market,” the team writes. “Should this outcome occur, the immediate reaction could produce a double-digit one-day return for equities.”
one can always hope. Why not go 50 basis points until we reach 5-5 1/2 %.
 
ADP employment up..wow
which is worse inflation at 7% and dropping with 50bps raises or a deep recession with millions unemployed.?
 
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a 75 bps rate hike would bring the central bank’s policy rate, the federal funds rate, to a new range of 3.75% to 4% — its highest level since the end of 2007— from a current range between 3% and 3.25%.. The Fed wants to get to 5%-5 1/2%
 
For a minute when he said the next raise might be smaller, the market popped
 
Then he said rate hikes will continue on... and the market dropped 95 (1/3 of the jump from October). The market will likely keep going down but I'm not sure we will see a complete tank of 80-90% simply because the USD is so strong compared to other currencies.
 
90scane said:
Then he said rate hikes will continue on... and the market dropped 95 (1/3 of the jump from October). The market will likely keep going down but I'm not sure we will see a complete tank of 80-90% simply because the USD is so strong compared to other currencies.
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But he did say that lower rates could be on the table.
 
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