Bottoming? maybeHitting bottom, with a bit of a dead cat bounce?
We'll see.
Typical market reaction to the US Feds not lowering interest rates.
The question now, is whether the big movers and shakers are going to drop their expectations and allow things to fall in a controlled manner or run for cover.
There will soon be a huge influx of cash into the western economies in the form of Russian securities, siezed by their enemies, to fund the war in Ukraine. Close to a TRILLION US dollars.
The Russian Ruble took a very big drop, shortly afterwards.
That money will go towards "war materials"
Who will get most of it, is yet to be announced.
You can bet there will be a mad scramble by all nations involved.
The amount of cash that can be skimmed from such a deal is staggering.
Lots of very rich people are going to get a lot richer before it's all said and done.
Much of that money will end up in the local economies, in the form of wages, etc.
That won't bring down inflation.
This isn't over yet, expect a roller coaster ride.
Playing those swings will be difficult, depending on the timing of much bigger players than I am.
GLTA the good folks here.