Quote:
Originally Posted by Pballer
The market is already coming back off its lows in the hope of a Fed emergency rate cut. Any time the market declines, the Fed considers it to be an emergency.
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pfft. . hardly the reason for the selling.
everyone focuses on the fed as a sugar daddy fix my expenses. . its just the market trying to push the fed around. . .
how about growth in Mag7 slowing?
how about the instability in the exponential market moves?
how about the Sahm rule is close enough to a recession that people are front running the official recession announcement?
How about profit taking in the wake of AI investments looking like they might not have a significant return after several earning releases and company statements?
how about short covering for the rise on a nearly 8% correction from the high?
how about these events like today are few and far between but not uncommon. .
market declines are always implied growth assumption readjustments after the data confirms the slowing/overvalued scenario?
pffft, the fed is just easy scapegoating. .
good luck