Dow Jones down 666. Well that can't be good ! Nasdaq down 300+. Meta down 14 %.

Hoping it goes down more because I’ve got some money I’m wanting to buy with soon. All you old tards who voted for this can suck it while I scoop up my own retirement on sale!

So the marrket has a down day and you think the way people voted is why?

I am mpressed with your financial mind and analysis.

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I do believe the main reason for today’s drop is due to the GDP numbers.

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Agreed. It's easy to deny a shitstorm is coming when there are clear parts in the sky to focus on. GDP dropping so precipitously means more of the sky just got more cloudy for many.



The "dead cat bounce" may well have been Q3 & Q4 of 2023.

My concern is that JPow will try to use the drop as a platform to start actually pushing cuts (as opposed to simply talking about them). Moving to that now would likely just prolong inflation by re-invigorating market optimism (at least until Q2 GDP numbers come out, if they show a continued drop).

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I do believe the main reason for today’s drop is due to the GDP numbers.

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Being a glass half full guy, I look at the GDP drop as the Fed's higher interest rates are starting to get some traction.

We'll have a lag before we see inflation go down but a slowdown in the economy always tampers inflation eventually.

Graph includes:
10 year yield
WTI
SOFR

Corporate spreads are falling despite P&L bloodbaths in small caps and deteriorating growth in large caps. I'm not sure there's any real impact outside of the financial sector alla REPO and savers. Long duration rates are tracking tightly with WTI which makes more sense since that's going to impact growth and inflation expectations. I guess there's a strong argument that it has sucked up captial from the private sector which is deflationary.

You’re asking people to bet on the US economy when we don’t even have fair elections. No thank you. My money’s in Bitcoin.