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Post by ferris1248 on Apr 25, 2024 11:41:30 GMT -5
What's the DJI done since 10/10/2023?
The VIX is down to 16.50, off it's high of the day by 1 point.
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Post by cadman on Apr 25, 2024 12:09:08 GMT -5
I am up today.
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Post by ferris1248 on Apr 25, 2024 12:52:05 GMT -5
I was too until I got up and peed.
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Post by OhMy on Apr 25, 2024 13:11:29 GMT -5
I am down .25%.
The market is ebbs and tides.
I do not look at a single day in the stock market to formulate an opinion on the entire economy.
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Post by ferris1248 on Apr 25, 2024 13:17:16 GMT -5
I am down .25%. The market is ebbs and tides. I do not look at a single day in the stock market to formulate an opinion on the entire economy. Exactly.
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Post by cyclist on Apr 25, 2024 13:28:03 GMT -5
www.spglobal.com/ratings/en/research/articles/240326-economic-outlook-u-s-q2-2024-heading-for-an-encore-13048486 Key Takeaways S&P Global Ratings expects U.S. real GDP growth of 2.5% in 2024 as the labor market remains sturdy. We continue to expect the economy to transition to slightly below-potential growth in the next couple of years. Inflation will likely remain above (but approaching) the Fed's target of 2% through 2024, reflecting persistently higher service price inflation, even as goods prices ease modestly. Above-target inflation will limit the Fed's ability to ease rates this year. We continue to pencil in 75 basis points (bps) of rate cuts in 2024, with the first cut likely coming in the summer. Our base case is a sharper easing of 125 bps next year, though we see risks that the pace of easing could be slower in 2024 and 2025. The U.S. economy appears on track for 2.5% average growth this year, spurred by a sturdy labor market--repeating last year's outperformance versus peers. However, the average growth forecast gives an overly positive outlook of the economy. A strong handoff from last year--with 3.1% annual growth in fourth-quarter 2023--masks the forecasted gradual slowdown to 1.8% by fourth-quarter 2024 (see chart 1). A recession in the next 12 months appears less likely now than it did in the spring of last year. But factors that supported rising demand through 2023--especially consumer spending and direct government outlays--are likely to fade over time, while the impact of restrictive monetary policy on the economy will limit fixed business investment and residential investment. Net exports will likely revert to neutral to negative for growth after they surprisingly added a large 0.6 percentage points to growth last year
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Post by pinman on Apr 25, 2024 14:28:19 GMT -5
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Post by nuevowavo on Apr 25, 2024 14:44:35 GMT -5
You Brandon Boys keep clicking the heels of your little Red Slippers together and chant "Theres no place like home". Better cash in on some of those stock gains too....GDP 1.6%. Ouch! After 3.4% the previous quarter, and 4.9% the one before. Just a blip in the big scheme of things. And mostly because of weaker trade and exports. Underlying numbers are strong.
The real issue is the PCE, up 3.7%. Bad inflation number.
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Post by Tarponator on Apr 25, 2024 15:05:21 GMT -5
For some perspective: The S&P 500 is up roughly 20% in the last 12 months.
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Post by luapnor on Apr 25, 2024 19:24:36 GMT -5
Didn't interest rates just go up? I guess inflation is not under control.
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Post by ferris1248 on Apr 25, 2024 19:33:10 GMT -5
Didn't interest rates just go up? I guess inflation is not under control. I believe the OP pointed that out.
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Post by ferris1248 on Apr 26, 2024 6:43:08 GMT -5
Stock market sharply down this morning due to: WORSENING ECONOMY AND RISING INFLATION But, but, but JB & crew said it was going good ? I guess more BS from the front office. If they say over and over shit soup tastes good I think they expect everyone to grab s spoon and dig in. Yummy. Yummy. Stock market sharply up this morning due to: STRONG EARNINGS REPORTS AND PROJECTED FUTURE EARNINGS. But, But, But............ How does that shit soup taste this morning? Yummy?
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Post by johngalt on Apr 26, 2024 8:53:15 GMT -5
The real question is why is the Dow up so high? Could it be all the money printing going on? Or could it be that just the top seven tech companies are carrying the load? Many companies are laying off people. CH Robinson is laying off something like 15% of their workforce. JB Hunt and other large transportation companies are doing the same. American and Southwest Airlines are laying off and reducing service. Plus many other economic indicators are all pointing down.
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Post by tampaspicer on Apr 26, 2024 9:03:00 GMT -5
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Post by johngalt on Apr 26, 2024 9:05:50 GMT -5
I have said for several years that the stock market is a house of cards. Back in 2005 I said the same thing about the crazy real estate market. I was laughed at. π
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