None of this rate increase matters in the longer term. Oil moves on market demand and supply and Joe Biden's threat to slap a windfall profits tax on US oil companies, as he continues his war on oil----will only spike inflation higher. Oil is inflationary which is lost on this fool. Instead, of backing off on his war on oil, he is doubling down on his stupidity. Yeah, because the oil companies will not pass on the higher taxes on the consuming public?
Stocks indexes typicaly rally on FOMC day
- Thread starter Rickshaw Man
- Start date
It turns out this time he did deliver the .75% increase and the market still rallied. I think it rallies so much on the announcement day because people anticipated so much that they are almost always dead on so when the rate decision really comes out, as long as there are no surprises, the market doesn't care so much and is actually happy that the cat is out of the bag sorta speak so it rallies.
The next day, mind you, it's going to drop when people finally realize the full impact of what's going to happen and they panic sell. You watch, tomorrow is going to be a down day, might be a major down day since the rate increase is so big.
it went
UP AND
DOWN AND
UP AND
DOWN AND
UP MASSIVELY AND
DOWN AND
SIDEWAY AND
UP AND
DOWN
into the Asian session
However, it was not easy to day trade because of the movement
was rather jerky messy spiky
I would normally agree with you but we have a holiday weekend coming up + oversold market I think we rally.
It’s the same setup we had leading into Memorial Day weekend right after NVDA earnings.
Another bear market rally that gets sold into next week
Seeing how the futures are doing, tomorrow might be an up day but Friday will be a down day, might not be a huge down day but it's going to give back a bit.
I change my mind. Tomorrow or I should say today is going to be a down day as I previously predicted. The market might bounce back on Friday and might probably end the week on a rally as many here have predicted.
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Fed is always right
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Fed is always right
Inflation is transitory
Biden is a young strong man
75 basis point hikes are normal
There is no recession coming
Massive debt is something to rely upon
America is the only thing that matters in this world
Sanctions will always work
Printing money will always work
Massive bubbles and huge crashes are normal
Covid was transmitted through contact with a bat
Ukraine is the only thing that matters in this world
America has strong, young, intelligent leadership
Sub Prime debt was good for America
The Fed is a govt institution
The Treasury prints our money
Elon Musk invented space
Doge Coin will supersede all known currencies
Drexel Burnham Lambert, Solomon Brothers and LTCM were our greatest generation
Bankers are always right
Banks are the only thing that matters
Gold has no real value
The earth is flat
Nice guys finish first
Your Vote Counts