- Jun 9, 2014
- 19,752
- 27,649
Founding Member
The payments are not moving the market the way the first ones did...even the ones in December barely moved the needle perhaps because people in the know are leery of a major adjustments.....Nasdaq and small caps are like a mine field due to fear of rates and even the inflation trade(financials, energy & dividend)are suffering losses about every 2nd or 3rd day.....same with metals and commodities which minus a slightly rising dollar should be going off the Richter about now...
I believe people leave politics out of financials and market talk but if you're telling me there isn't a major lack of confidence coming from the top of this countries leadership as well as a lying ass fed then I would consider any advice you would offer to be a moot point...reality has set in and even a lot of last years Roninhoodites are opting out or waiting for a complete collapse.
It apparently hasn’t occurred to you that stimulus checks are but one of many facets of the market equation; that they don’t operate in a vacuum. Look at market valuations today compared to 12 months ago. Look at which stocks ran up most, which didn’t. Look at the forward outlook. Look at the selling rotation from one sector to another. Add in the selling off of government debt as a function of inflation risk. Factor in the idea that the yield could rise to 2% before it’s done. Acknowledge the impact of risk equilibrium as pertains to stocks and treasurys. Combine all of these inputs. Let me know your thoughts then.