The Dow ended the day with a loss of more than 640 points, or 1.9%. The S&P 500 and Nasdaq fell 2.1% and 2.6% respectively. All 30 Dow stocks were lower, and only 25 of the stocks in the blue chip S&P 500 index traded higher Monday.Stocks also slumped Friday as the market snapped a four-week winning streak. The markets have rebounded in July and August following a brutal first half of 2022. But the pendulum may be swinging back to pessimism.
The odds of another 75 basis point hike versus a half-point increase are now seen as about 50-50. "Market expectations for what the Fed will do has a track record of flipping based on economic data," said Lindsey Bell, chief money and markets strategist for Ally Invest, in a report Monday."As long as the Fed is in the driver's seat, volatility is likely to remain elevated and the market will remain reactionary.
No one cares
feds fear seem ..
its the Biden Stock Market reduction bill.
Money printer goes brrrrrrrr, congratulations, in what should we waste money next? Ukraine? Another pointless war? More useless lockdowns? “Green” regulations that send our manufacturing overseas? More irs agents? Larger military to protect the countries that don’t care?
Can someone who understands this stuff really well explain why they feel the need to do this? Family budgets are tight as it is & we’ve basically been doing this now since product shortages & the ‘stuff’ stuck in the ocean on ships. This just feels like pain added to pain.
the rich keeping that crypto market locked to farm money all day. I can't wait till a journalists outs all you tards.
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Source: MarketWatch - 🏆 3. / 97 Read more »