Three to five weeks ago was just a sneak peek.We have not seen the S&P 500 plunge to such depths in… three weeks.
I set up a fond for each of my kids, and our fourth child is expected to arrive around September 10thAllan Lichtman's 13 keys model says POTUS will be Harris.
Historically September and October are bad months. Perhaps we will see a short-term jump coinciding with rate cuts. I'm a bit leery of what happens afterwards.
The Fed has all but guaranteed a rate cut at the end of the month. Don't fight the Fed.
Not until tech companies get everyone returned to the office.AI Hype is a bigger deal right now than any rate cuts.
Not until tech companies get everyone returned to the office.
The market seems to be bewildered with no clear direction at the moment.September and October are my favorite months
Just like the rest of usThe market seems to be bewildered with no clear direction at the moment.
Anyone look at politicians trades before and after the debt ceiling 'negotiations'?Holy carp.... I just thought of something else...besides the market continuing to tank because it perceives a much larger slowdown than expected, Kamala's much needed tax hikes on corporations and individuals but crazy price control plan (see Nixon's WIN plan from the early 70s).... but now you have figure in something else..
Budget drama.
The debt limit was suspended until 1/1/2025. There is already grumblings if Kamala wins and its likely she will, the Republicans will refuse to raise the debt limit again. So after the sharp pull back that happens when a Democrat wins and only 60 days until another possible government shutdown, the lame duck Biden will be the only one to deal with Republican hold outs to increase our gargantuan national debt of $35T.
I still see another 10 to 20% decline from here until next Feb or March 2025.