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Things look grim for the opening bell on Monday. As of 6:41pm EDT on Sunday: * S&P futures: -4.13% * NASDAQ futures: -4.89% * DOW futures: -3.72%
by pmags 2y ago
Things look grim for the opening bell on Monday.
As of 6:41pm EDT on Sunday:
* S&P futures: -4.13%
* NASDAQ futures: -4.89%
* DOW futures: -3.72%
- smegger001 2y agowhat do you know raising prices on everything not wholly made in country from raw materials extracted in country overnight in a world with globe spanning complex supply lines breaks the economy
- newZWhoDis 2y ago[flagged]
- smegger001 2y ago>>breaks the economy >Good? Things were getting a little boring anyways. I would rather that checking my bank balance, 401k, and whether or not I can afford to buy food and make my mortgage payment not be "exciting" thank-you very much.
- agumonkey 2y agoI don't know how credible https://truflation.com/ https://truflation.com/ is, but they say inflation is at 1.22. Could this be spun as a victory to hide the crash ?
- SpicyLemonZest 2y agoIt's certainly possible that someone could spread fake metrics as a victory condition, but this site isn't credible. The "experienced team" they advertise includes not a single economist.
- agumonkey 2y agoOk thanks, it's often cited by youtubers and I have no idea how to vet it.
- mrguyorama 2y agoProbably don't watch economy or finance youtubers.
- agumonkey 2y agoyeah, but you need some information (and even outside youtube, it's hard to know who to trust)
- toomuchtodo 2y agoFirms’ Inflation Expectations Have Picked Up - https://libertystreeteconomics.newyorkfed.org/2025/03/firms-inflation-expectations-have-picked-up/ https://libertystreeteconomics.newyorkfed.org/2025/03/firms-... - March 5th, 2025
- tim333 2y agoAlso oil has dropped from $71 on Weds to $59 now suggesting the markets are expecting a bit of a global downturn. It hasn't been that low since the covid days.
- greycol 2y agoThat's more due to OPEC deciding to allow higher production quotas. Though you could argue that's because they expect a global downturn though it's not an independent view just the view of those countries.
- HDThoreaun 2y agoOPEC allows higher production quotas because they think the price will go down and they need to keep revenue constant-ish so their governments dont collapse.