Post by
TheWokeLemming on Jul 07, 2023 3:14pm
This time feels different
This rally should have legs. No more SPR dumping. OPEC cutbacks. Destocking should be running out of steam. Interest rate raises and coming to an end and the fundamentals of supply and demand are finally looking to take over. We will see what next weeks inflation numbers look like but anything that isn't surprisingly higher than expected should either keep July at 25 basis points or perhaps even another pause. It'll be an interesting week!
Comment by
Pottsy on Jul 07, 2023 4:51pm
I'm thinking another .25 interest hike next week may pull the stock down a bit temporarily.
Comment by
TheWokeLemming on Jul 07, 2023 5:02pm
Rates won't be changed until July 26 at the earliest.