re: What do people think about the market since Powell’s comments yesterday?

I think it is going to be tough to get companies to start lowering their prices again after all the record profits they were making raising them. It will all come down to the customer ultimately saying no to these higher prices before you see prices going down again.

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We are definitely beating inflation

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Slowing it down, yes. But the damage is done. Lower and middle classes effed again. But it's great for my investments!

Beating implies it's no longer a concern. Either A) wages catch up causing more inflation or B) earnings come down when the bottom 60% of earners are tapped out on debt.

Not sure how these options are "beating" anything. I would love to hear a more optimistic assessment though.