If the analogy was real, investors would have had white knuckles by the end of January.
"If Anchorman Ron Burgundy was reporting on the market action since the beginning of the year, he would surely sum it up with his phrase"Well, that escalated quickly!".In short, the topic that's likely going to dominate economic and market commentary for much of this year - inflation, or to put it more plainly, the rising cost of living.
To put it another way, the market is not going to be factored into the Fed's decision making and investors can have as many tantrums as they like.Stocks in the technology sector, those that performed incredibly strongly throughout the pandemic, have borne the brunt of the selling. "In simple terms we can see the interest rate sensitive and very highly valued frothy end of the market is suffering," he explained.By the end of the month, the S&P 500 - a broad index of the top 500 stocks in the US - had suffered a bigger drawdown in 2022 than it had in all of 2021.
"It is becoming increasingly evident that not only does sentiment remain fragile, but earnings misses are being severely punished," he added."There was no bounce at all, and the stock closed on the low of the day. This point is important as it points not to a 'blip' in the earnings but a fundamental re-rating of the stock price," he explained.
Billionaire's build rockets to go to space Joe soap told to walk or ride a bike to save the world Go figure 🤔
All about energy prices which is why we need to lift the ban on gas exploration and gas storage..
Well let’s face it we all new the Chinese, Russian and Arab states would require the lost monies of covid paid back. Don’t forget who are among the biggest lenders.
Central banks are devaluing your time and energy. Opt out of serfdom. Own your future. Own bitcoin. 'The road to serfdom is working exponentially harder for a currency that is getting exponentially weaker.' - saylor bitcoin dryrot inflation