RE:RE:Gone for 4 hours and holdings are much greenerflamingogold wrote: Not out of the woods just yet. Don't like seeing the 10 year closing in on October's high of 4.98%. The market is pricing in higher rates and that will pressure indices again. Could all be a headfake but I am comfortable clearing my chips from the table with a quick gain and going back to the sidelines.
mouserman wrote: What a difference a few hours make... guess the news didnt shock enough... for a pullback for the entire day.. LOL
No , but election year and minions in govt want stocks going north, not crashing..
This from Reuters
Prices have remained sticky, with the data on Thursday also showing the personal consumption expenditures price index over the first quarter rising at a 3.4% annual rate versus the Fed's 2% target.
Investors and analysts at first blush put more weight on the high inflation figure than on the signs the economy may finally be cooling as the Fed has expected.
Data from the CME Group's FedWatch tool showed the probability of an initial Fed rate cut slipping across the board, with a June cut now given less than 10% odds, bets on a September cut slipping below 58%, and a second cut in December given less than even odds.