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Started By
Message
Does this rally continue Through sept.?
Posted on 7/29/22 at 10:07 am
Posted on 7/29/22 at 10:07 am
I think we may get two or three weeks of upside.
Then the pullback.
Then the pullback.
4
Posted on 7/29/22 at 10:54 am to Guntoter1
No one knows and if they say they do they are lying.
Posted on 7/29/22 at 10:57 am to Guntoter1
Some of this rally may be short covering, since the flood of news this week wasn't horrific.
This post was edited on 7/29/22 at 10:58 am
Posted on 7/30/22 at 10:33 am to Hawkeye here
quote:
Some of this rally may be short covering, since the flood of news this week wasn't horrific.
Some one posted an article that doom was forecasted for this week.
My IRA had its best week in a while and did not lose value as previous months.
Hopefully, the trend continues.
Posted on 7/30/22 at 10:39 am to Guntoter1
quote:
Does this rally continue Through sept.?
Are you bearish? Then yes
Are you bullish? Then no
Posted on 7/30/22 at 10:55 am to MrSpock
?
Posted on 7/30/22 at 11:01 am to OTIS2
quote:
?
It's going to do the opposite of whatever you think. Always
Posted on 7/30/22 at 12:02 pm to Guntoter1
quote:
Does this rally continue Through sept.?
Through August and then through September?
No. There are no fundamentals pointing toward this.
Fuel prices are still high (Brent Crude is still above $100/bl) and there's nothing being done to change that (other than just allowing the high prices to impact demand enough to create more supply). The administration is still waging its war on O&G (although a little more quietly right now) for the sake of pushing more green energy, the war in Ukraine is still going on (meaning less food is being created on the world stage and less supply of O&G) and some pandemic-enhanced social programs (ie: extra welfare benefits due to the pandemic) are still in place (see P-EBT, for example).
Along with this we're going to see more economic slowdown and rising unemployment as the market adjusts to the new, higher interest rates.
The market can run on optimism only so long. Eventually the reality of lower consumption due to higher inflation, fuel prices, etc. kicks in and begins impacting balance books. The retail numbers from June show this is starting to happen in many sectors (big drops in food, beverages and clothing, for example). Lower total sales with such higher prices means a big drop in unit sales compared to previous years and that's simply not a formula which promotes nor continues a rally.
Posted on 7/30/22 at 1:07 pm to Bard
quote:
Eventually the reality of lower consumption due to higher inflation, fuel prices, etc. kicks in and begins impacting balance books.
Agree, which means the fed will back off of interest hikes which he hinted at last week.
The market knows the economy is tanking and the fed knows it’s because of higher energy which rate hikes do not affect.
We will continue the rally for much of august.
Sept will be bloody no matter what the fed does.
Posted on 7/30/22 at 2:05 pm to Guntoter1
quote:
Sept will be bloody no matter what the fed does.
This is the Month I'm fearing as well but as i stated no one really knows.
This post was edited on 7/30/22 at 2:06 pm
Posted on 7/30/22 at 3:08 pm to FLObserver
quote:
This is the Month I'm fearing as well but as i stated no one really knows.
Of course no one knows.
Especially not me.
But you only live once.
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