How much longer will this bear market go on for?

Swipe

Like clockwork

Type_45

Yikes.....

GSP

What the hell happened in America today.
The market rose sharply after news of the 0.75 rate hike came through.
Then, it fell back, and it was dropping like a stone until the market closed.
Seems they might have even stopped trading with the flat line in the last hour.
Saved by the bell for now, but whether it will continue when trading resumes tomorrow.

Swipe

GSP said:

What the hell happened in America today.
The market rose sharply after news of the 0.75 rate hike came through.
Then, it fell back, and it was dropping like a stone until the market closed.
Seems they might have even stopped trading with the flat line in the last hour.
Saved by the bell for now, but whether it will continue when trading resumes tomorrow.

One of the reporters told Powell the market was rallying and the rest was history

coastline

GSP said:

What the hell happened in America today.
The market rose sharply after news of the 0.75 rate hike came through.
Then, it fell back, and it was dropping like a stone until the market closed.
Seems they might have even stopped trading with the flat line in the last hour.
Saved by the bell for now, but whether it will continue when trading resumes tomorrow.

Regardless of what was said equities were short-term overbought with October being the best month since 1976. As JP said the data is easily available online and today the markets try to guess every move. Data is usually pushed out by investment banks and twitter feeds push it around the viewers. The FED itself has a website full of information. Tonight JP read out some of the data what commentators are concerned about. There's an obsession with the "pivot " in rates. FED is sticking to the rules it has set out and inflation is still way above FED rates. Can't explain why markets think the FED will pause when inflation is still high . Markets will probably consolidate a bit and then rally into the next meeting ? Even if the FED paused and the markets rocketed higher valuations would be stretched. Then there'd be another sell off.  All a game . 

Bobziz

"the ultimate level of interest rates will be higher than previously stated" 

'Again, premature to think we are pausing"

"There's no sense that inflation is coming down. . ."

sevenhills

Bobziz said:

"the ultimate level of interest rates will be higher than previously stated" 

'Again, premature to think we are pausing"

"There's no sense that inflation is coming down. . ."

It's this thought that inflation is imported, it will still be affected by higher rates.

InvesterJones

Type_45 said:

Markets sinking like a stone...  Tough to take after recent gains.

I'm not sure investing is for you. The S&P 500 closed down 2.56%. This is hardly sinking like a stone, nor was its previous rise to ~3900 anything like a gain to be excited about. If you're finding these kinds of movements tough to take then for your own health I'd stop looking at the markets, and certainly do not invest in volatile assets like crypto, gold or individual stocks.

Type_45

The glory days are over for Big Tech.  Jim Cramer crying on TV because his advice has cost people who listen to his show money.

DoublePolaroid

I for one am certain that humanity is going to technologically stagnate and no further advances will be made, ever.