Post by
metalhead666 on Dec 14, 2022 2:08pm
As I suggested...FED boot is still on the markets neck...
5% FED FUNDS...more hikes...slower GDP....stocks are going down. Yes'm
Comment by
metalhead666 on Dec 14, 2022 2:10pm
This is why I sold my miners and banked the gains while shorting the "market"....nuff said. Hawkish is not gold positive. The big move up will come when they fold which won't happen until the economy is clearly in the ditch.
Comment by
metalhead666 on Dec 14, 2022 2:12pm
Have to wait a little longer is all FOMC Hikes By 50bps, Hawkishly Signals Rates Will Go Higher-For-Longer The Fed's new dotplot signals a median forecast of 5.1% in 2023 (more hawkish than expected)...
Comment by
NineLives on Dec 14, 2022 2:21pm
Prediction. Jan and Feb you'll find inflation down and jobless claims higher. There is a very good chance this is the last Fed increase for a while.
Comment by
metalhead666 on Dec 14, 2022 3:25pm
That doesn't bode well for corporate earnings, debt holders, the economy, the zombie companies, the national debt etc....higher for longer until something breaks. I'll sit this one out
Comment by
metalhead666 on Dec 14, 2022 3:26pm
Except for modest short going into earnings. Stocks will be lower.