The Fed is pivoting their inflation fighting story to an easing of interest rates.
"US stocks gained on Thursday, as investors continued to celebrate a dovish shift by the Federal Reserve that helped propel the Dow to a new all-time closing high."
Has inflation really subsided? Things still cost way too much. In other words. prices are not really coming down. It makes one wonder if the Fed is changing their tune to help the current politicians in office for 2024 elections. Anybody that is aware of how "they" are selling out America for power and bold face pony dog lying to us would be circumspect. Oh, and don't forget the democrat's line, "the border is secure". yea sure - 10,000 a day on a bus to anywhere?
Paint a rosy picture and ride a painted pony let the spinning wheels turn.
https://www.youtube.com/watch?v=P5jNJd7HRVU
Stock watching today shows the financials bouncing higher. Bank stocks must like it.
I close this post by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. With all the above caveats and attempted prognostications, I will close this post.
Stay tuned for more opining on the market and stocks to watch.
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