It’s interesting to see the news on a site like yahoo. My feeling is that the news there is really negative. Looking at Tipranks and Marketwatch, the news is a little more neutral talking about how the market has been trading sideways and the overseas markets have been mixed overnight after seeing the earnings reports from yesterday. Earlier I saw 3 Bloomberg articles that were more negative than neutral and wondered if Mr Bloomberg shorted the market. Just my rambling thoughts and IMHO…doc
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If the economy is slowing down, then the fed will slow down on the interest rate hikes. That is good isn’t it? So why is the news feeling negative about these things when we want the Fed to slow down? Doesn’t make sense…doc
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Doc,
The Fed is hiking to dampen inflation. The negative impact on the US economy is just collateral damage that Powell has repeatedly said he’s willing to tolerate.
Forget most US-based financial “news” sites. Track down interviews with Danielle Dimartino Boothe and Jim Rickards if you want to know what’s really going on. TGI Global and Firstpost also do a good job of reporting what’s happening, as does ZeroHedge.
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Wow, Enphase is down $49…doc
“Wow, Enphase is down $49. doc”
Doc,
Yeah, that’s what happens when stocks are bought on the basis of narratives, instead of facts and common sense.
Its interesting that this market downturn due to earnings hasn’t leveled the market off. This is what the market wants, a slowdown so the Fed quits raising interest rates. It makes me wonder if the market will rebound when everyone realizes the interest rate hikes will slow down. The White House wants good economic times for a second term chance - dont’ they…doc