Saturday, August 24, 2019

Belaboring the obvious

Much has been made of the market's drop yesterday.

A little perspective here:

Look at this chart.  Even with the drop yesterday, the market is still above the close on August 14.  Yes, it bears watching.  No, it is not time to push the panic button.

The POTUS' moves regarding China are minor moves.  His tweets seem to be more significant, but the market's reaction is overblown.  Of course, the politics of it is off the charts.

One more thing...  Usually when there is recession talk, the Fed is already easingWhy not now?




No comments: