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re: Why is the stock market rallying right now?

Posted on 2/24/24 at 9:29 am to
Posted by Lsut81
Member since Jun 2005
80383 posts
Posted on 2/24/24 at 9:29 am to
quote:

Interest rates trending lower


I thought mortgages just moved above 7% again?


Nonetheless, I don't understand the stock market, which is why I don't day trade
Posted by Shepherd88
Member since Dec 2013
4615 posts
Posted on 2/24/24 at 9:32 am to
The markets are always forward looking trying to predict what the economy will look like in ~6 months time. You can’t judge the markets based on current economy and vice versa. This is also why it’s so hard to time the market bc it is forward looking.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 2/27/24 at 9:06 am to
quote:

Nonetheless, I don't understand the stock market, which is why I don't day trade


That’s got to be the reason.
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