Hanging in there pretty good so far. S&P over 4,000 which I didn't expect. Still think it will dip down again first quarter of next year before the fed gets done with the hikes completely.How's the market doing lately boys? I don't watch it anymore.
Do you think they ever will though? I mean you're probably looking at summer before they do. Also, while I think it's working slowing spending, I think it's causing more harm than good.
Sure they will. Powell already hinted at slowing the hikes down, although today's hot jobs report might make him rethink that one. Throughout history the fed has always overdone it when it comes to rate hikes. When and if that happens again, they will have to course-correct (pivot). I can't say when but it will happen eventually.
Very nice day so far, especially for certain individual stocks. Index's are going to struggle short term. It's a stock pickers market right now. If you only have broad funds, probably going to be under-performing for a few months. For long term investors who don't mind a little volatility, keep plugging away.We had an investment guy come in today. Some of our guys were asking questions and they guy kept using phrases like 30 years ago, etc. He was trying to walk around the questions. I said what a new investor in the last couple of years. Ya, he didn't like that question. One thing I learned is how bad not only stocks have done recently but bonds as well last year. The only thing was his fees, you can do the same thing using online apps without all the fees. By the way, how is the market doing today?
Look what the cat drug back in. I guess it's time to head for the exits...
Waiting on earnings. Softy after the bell to start.The market isn't doing jack today.
