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US core inflation is now at 4.0% & dropping fast.Markets are in...

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Tarvold

18,479 Posts.

1201

24/11/23

09:48

Post #: 71083727
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Originally posted by Sharetrader78: ↑

NDX up 18 days in a row ... greed running high
reality = NDX up 48% since it's OCT22 low ... consumers tapping out ..real estate in worse position than pre GFC ..I'm see so many homes come back on the market locally for less that paid prices in the last couple years .., very hard to get loans through the banks .. covid killed off many middle low income savings (saving rates record lows) ... the central banks want a crash and will not lower rates till they see unemployment much higher .. basically if we aren't near the top in the tech heavy $NDX we must be getting close

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US core inflation is now at 4.0% & dropping fast.
Markets are in the 'happy zone' because they've realised US interest rates have now peaked.
I don't see a market wobble until next year when the view changes that the US economy is 'weak' because the FED has indicated that it will start cutting rates.

Value at posting: 2,958.8
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