DiabloWags said:
dajo9 said:
The anti-Biden corporate news doesn't want you to know the Dow Jones hit a record 40,000 because inflation has normalized and the economy is doing great causing companies to be profitable.
Stop whining.
All you do is whine about the media. The media isnt driving the stock market. Neither is POTUS.
The market ALSO CELEBRATED a flat Retail Sales Report for April as consumers begin to show some fatigue. In otherwords, the market is "cheering" on WEAKER economic growth that will lead to a most anticipated easing by the FED.
Exactly. The FED and earning trend are driving the market (not many fund managers are watching CNN for investment advice) as well as secular trends on AI and short-cycle inventory burn through of overstocking from prior supply chain disruption. Extremely disruptive world events may move markets but not daily political focus by political minded media.
Our economy is one where it is primarily driven by consumers. As previously noted, inflation and higher interest rate will eventually slow down consumer spending that should lower inflation. However, inflation has always been sticky and stubborn and extremely unhealthy for long term economic health. While bad for short term economy, slowing of consumer spending in still elevated inflationary environment is healthy for long term economy. The market is always pricing for the future based on forecast. Therefore, those who are only reacting to historical news instead of assessing relative to what has been priced in may think the market is counterintuitive.