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Started By
Message
What just happened
Posted on 12/18/24 at 2:23 pm
Posted on 12/18/24 at 2:23 pm
Market was up now Nasdaq and Dow down 400 pts.
What bad news did we just get?
What bad news did we just get?
8
Posted on 12/18/24 at 2:25 pm to Double Oh
quote:-jefforize
good news is already priced in and there is substantial downside risk if traders dont like what Powell says.
Posted on 12/18/24 at 2:25 pm to Double Oh
trump announced Herschel Walker as ambassador to the Bahamas. The markets had priced in the mypillow guy
Posted on 12/18/24 at 2:27 pm to Double Oh
Fed projected less cuts than market had priced in next year.
Posted on 12/18/24 at 2:39 pm to Double Oh
Pretty hilarious, Nick Timiraos at the WSJ, aka Nicky Leaks, told us exactly what Jerome would say and do today, hawkish cut, lol. Markets rallied until Powell said and did exactly what Nick said he would. If there was a trigger it was Powell admitting there's no way they're getting to 2% anytime soon.
Posted on 12/18/24 at 2:41 pm to Art Blakey
Expected single day blow back with a bump tomorrow, or are y’all expecting it to keep falling? It’s taking all I’ve got to not plow headlong into a few these stocks that have catered (looking at Tesla specifically)
Posted on 12/18/24 at 2:47 pm to Pendulum
Yeah
Powell tempering any future rate cuts has evidently put some cold water on the apetite for equities
Powell tempering any future rate cuts has evidently put some cold water on the apetite for equities
Posted on 12/18/24 at 2:50 pm to SlidellCajun
That .5% rate cut looking pretty ridiculous now. Just an attempted lifeline to Kamala I guess. Now that she’s toast, no need to keep the charade going.
Posted on 12/18/24 at 3:03 pm to Double Oh
Idk, but my arse hurts
Posted on 12/18/24 at 3:19 pm to Double Oh
Govt shutdown incoming.
Posted on 12/18/24 at 3:19 pm to CecilShortsHisPants
Time to buy
Posted on 12/18/24 at 3:20 pm to TheJunction
quote:
It’s taking all I’ve got to not plow headlong into a few these stocks that have catered (looking at Tesla specifically)
Tesla “cratered” all the way back to Monday’s prices.
Posted on 12/18/24 at 3:23 pm to slackster
Hahaha when you put it that way.. Jesus I’ve got to stop looking at this thing day to day. I don’t have the chops for it.
Posted on 12/18/24 at 3:36 pm to cgrand
Posted on 12/18/24 at 3:40 pm to Double Oh
I haven't kept up with this but was there an expectation that there would be more than 2 cuts in 2025?
Going into today I thought the consensus was .25 cut today and another couple next year. Isn't that exactly what jpow said?
Going into today I thought the consensus was .25 cut today and another couple next year. Isn't that exactly what jpow said?
This post was edited on 12/18/24 at 4:03 pm
Posted on 12/18/24 at 4:44 pm to JohnnyKilroy
Yeah it was a fairly routine pc from what I gathered. Think this is a lot of sound and fury. Markets just want to trade sometimes.
Posted on 12/18/24 at 4:47 pm to JohnnyKilroy
quote:
I haven't kept up with this but was there an expectation that there would be more than 2 cuts in 2025?
Some thought we were on track for 4 cuts in 2025. A day or so ago Fed Funds futures had a 60% chance of a cut in Jan. Now it's at 6%.
I think traders are focused on 2 things. Inflation is just damn sticky and, the job market isn't as weak as many think.
Having said that, I think the reaction was overdone and, I believe rates will be lower this time next year. But, unless economic data softens I think the 2 cuts will be a .25 point each time.
Posted on 12/18/24 at 5:36 pm to Pendulum
Less rate cuts for 2025 and some of Powell’s answers in the Q/A were puzzling.
Posted on 12/18/24 at 7:43 pm to Double Oh
Biggest Loss i have ever seen on paper in a day for me.
Posted on 12/18/24 at 8:56 pm to FLObserver
quote:
Biggest Loss i have ever seen on paper in a day for me.
It was by far my largest in quite some time. It put me back to my November 23 numbers, so need to put that in perspective and realize the sky is not falling. Let us hope the market is done being pissy.
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