Market Talk
Hello friends:
It's time for a brief update on the market and stocks.
I was bearish before and I still am. Things are seemingly getting worse rather than better. I posted this before and don't see progress.
Let's review the pros and cons about the current world:
It is a costly outcome to life, liberty and world economy with Russia continuing their aggression on Ukraine. Russia is losing in the conventional warfare arena and losing ground in eastern Ukraine that was illegally annexed by Putin. But alas, Putin has put a new general in charge that has no morals towards civilians. It can only get uglier before this is over and the world's nuclear clock is ticking closer to midnight.
Inflation is raging as the Fed continues to try to fight it by raising interest rates.
Recession looms as some big companies like Ford and Intel are starting to lay off workers in the US. This points to a possible period of stagflation in the weather forecast.
Stocks are continuing to slowly fade in market value as I projected here months ago.
Where is the good news?
One good thing that happened was NASA successfully altered the trajectory of an asteroid.
The rest of the good news is how you live your life and you decide what is good news for you.
The word is basically in a wartime status. 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.
So, what does this all mean to me about the stock market today?
I am staying defensive in stocks with dry powder.
Stock Talk
Risk OFF.
Dry Powder for awhile.
_
This site does NOT make Buy / Sell recommendations.
_______
_______
