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Stocks rallying a bit. I expect we'll see dead cat bouncing at least until we get the next CPI numbers.
by tootie 4y ago
Stocks rallying a bit. I expect we'll see dead cat bouncing at least until we get the next CPI numbers.
- mirntyfirty 4y agoIt seems as though the dip buying will continue but perhaps the fed wants a smoother road back to reality.
- paulpauper 4y agowill continue? it's been strait down all year i would like to see it recover
- bamboozled 4y agoI wouldn’t think this will happen until inflation chills out and the interest rates stop rising ? Just a guess though
- mirntyfirty 4y agoOverall it’s gone down but seems as though a lot of the big drops are followed by smaller surges of buying.
- tootie 4y agoYeah, that's what they call the "Dead Cat Bounce" that I referred to. https://en.wikipedia.org/wiki/Dead_cat_bounce https://en.wikipedia.org/wiki/Dead_cat_bounce
- kgwgk 4y agoThe strong rally after the last meeting didn't even last one day...
- whimsicalism 4y agoStocks rallying is just an indication that the Fed under-raised compared to market expectations.
- afterburner 4y agoNo, today it's probably an indication to traders that the Fed is taking inflation seriously, since all the risky stocks are sensitive to inflation. A lower raise may have cause a further sell off. Traders' minds can be tricky. They're also reading the news!
- tootie 4y agoNah. This is always what happens. It's the inverse the old saw "buy on rumor sell on news".
- whimsicalism 4y agoYou must be a billionaire then.