No matter what the Fed decides today(75 or 100bps)the market is poised for a move higher to S&P 4150-4200 & then maybe a sharp,short pullback to 3800 before a much bigger,more sustainable rally to 6000 gets underway. The lows are in.The market not likely to undercut the June lows
@VP The minimum wage federally is the same so the cost of employing workers is cheaper as your inflation ravages the country. The same workers are having to work 2-3 new low paying jobs because of you. Employers can get cheeper labor relative to a few years ago
@JonnyH915@profwolff The government like to make the public think the worst thing that can happen is deflation, because they are the ones who wield the power of inflation. If you keep getting hit with a stick, maybe look beyond the stick and see who is holding in. Inflation in inanimate.
@JonnyH915@profwolff Buddy the government creates inflation. Not capitalism. The only reason we don’t get price decreases is we’ve had a government mandate of 2% inflation that robs Americans of the benefit of cheaper items. 2% inflation caused by the government is the source of your problems.
@profwolff What about the fact capitalism is in itself deflationary. The more you produce, the cheaper the products become. Standard of living increases.
Michael Burry has sold every single stock in his portfolio except one .
What an idiot - can he not see we are in a melt up S&P500 bull market going to 6000?