Despite market sentiment being tepid, and even lots of experts said 'as long as you see market is moving, people are spending and labour force is healthy, the momentum keeps going..' Wait a minute: has spending stalled recently, wages were down, jobless claims shot up, unemployment high and PCE fell? Still, we think the market is buoyant before the Fed cuts interest rate? Hm... how stubborn as an investor we can be, and are we not all being tricked by the Fed, when good is bad and bad is good? And deficit keeps growing while wars are raging on to the verge of tipping over? - strange world we are living in...war is good for the economy, isn't it?
Modify on 2024-06-04 17:27
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