Market Talk
The market pundits have mixed predictions about the coming economy.
The democrats in power want to ignore the definition of a recession, two consecutive quarters of falling GDP.
"a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters."
So, I will point to an example. Ford had a beat on earnings last quarter. BUT they warned of slowing times ahead and announced a possible coming layoff of 8,000 workers. So if the large companies are planning layoffs to keep their eps numbers up, just WHOM will be buying new cars and trucks?
I am staying defensive in stocks with dry powder. However, sometimes fence sitting is just a way to bide time when uncertainty and economic signals are sketchy. For example, will the Federal Reserve be able to mastermind the mythical "soft landing" of the economy by raising interest rates to counter raging inflation? Or is a recession or worse looming around the corner of time. Will the country be forced into stagflation with both recession AND inflation at the same time?
The market recently has enjoyed a bullish run in a bear market.
Stock Talk
I feel the need to refrain on stock talk at the moment. Except to say that a view of just "some" of a particular stock may be an approach to consider in a dollar cost average mindset.
Why Refrain ? because of the dynamic:
"Something always happens"
Sometimes, it may be better just stand aside due to higher risk and uncertainty.
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This site does NOT make Buy / Sell recommendations.
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