Consumer Sentiment crashes, highest inflation expectations in 30 years... stocks tumble

Winning.

 

Don’t worry, Okee will start a thread about how the stock market has been up since 10:42 am.

 

well isn't today the 7th straight day of positive gains?

 

And we are still about 10% down from Day 1.

 

S&P is down 7% since his inauguration so you must be very aggressive in your investing

 

And Nasdaq is down 11.5%. What is your point? That the stock market has been impressive in the last 100 days? Or we can just cherry pick when we want to start calculating returns - only the last 7 days count?

 

The discussion was about the market while Trump was in office so it only seems logical to use that timeframe. Is there a more appropriate timeframe that should be used?

 

You were the one who said the market has been up for 7 straight days and I said it’s still significantly down since day 1. So not sure what we are debating.

 

I don't really care what any Wall Street analysts, high-earning financiers, pundits, officials or partisan supporters have to say about the economy.

What I know, compared to 6 months ago, is:
EVERYTHING that I buy costs more, my investments and 401-Ks are down in value, my property taxes and insurance are still inching higher, and any major purchases / improvements I'm considering are coming in at eye-popping prices.

I have relatives whose jobs have been cut or face possible elimination. I know people who cannot afford housing expenses and aren't sure where they can afford to live. I know business owners who've lost employees to relocation for safety reasons. I see funding for local projects of all kinds being slashed.

ECONOMIC UNCERTAINTY + UNCLEAR NATIONAL STRATEGY + CHAOTIC MESSAGING + UNEXPECTED SPENDING CUTS = POOR CONSUMER SENTIMENT. (DUH)

 

Couldn't add this to the stock market thread from last week started by @okeechobee since that thread was locked, it looks like the dead cat bounce/bear market rally may be over.
Dow drops more than 700 points as sell-off intensifies following negative GDP data: Live updates

 

Looks like consumers were spot on about the sentiment.

 

Great job gop.

 

https://www.marketwatch.com/story/a...ably-to-avoid-tariff-price-increases-9e2a9afe

 

Those sorts of purchases tend to cause what is known as a trough (as people shift purchases forward). This likely will eventually result in an even sharper decline in sales in later periods.

 

relatedly, the trade deficit just hit a record high.

 

trump’s got this. No worries.

Edit: Where’s my crack pipe?!?

 

Ha. "Brother, can you spare a dime bag?"