In all the years I’ve been on this board I’ve never seen such consistent selfing from a single poster. From the victory party to some of his earliest takes in the covid thread to the 2022 mid-terms - he is prognosticator extraordinaire. I can’t tell if it’s delusion or trolling at this point.
seems posters whose username starts with the prefix "louis" have elevators that don't go to the top floor...... Back to the point of the thread = FAIL
Looks mostly like trolling. No one can consistently be that ignorant. He's like the guys on here that just carpet bomb neg ratings that don't make sense. Desperate cry for attention, maybe some self worth issues.
There really hasn't been any solid economic data released since Wednesday, other than the jobless claims numbers which beat expectations by a few thousand. But weekly jobless claims ebb and flow. Markets generally don't go in one direction forever. I would caution to wait until we get some more data released next week before acting like we're out of the woods. The data overall the past two weeks has been pretty bad. Bad enough that most people on Wall Street are predicting a half point Fed cut in September. A half point cut would indicate the Fed sees the potential for things to get worse.
I don't see a rate cut in September unless the target is reached in July, August, and September numbers up until the Fed meeting. Those on Wall Street are like screaming babies who haven't gotten their way on 6 rate cuts over the last 1 1/2 years. They can't even fake a correction in the stock market even though one is overdue.
A few days ago, I read 75% of money managers on Wall Street are predicting a half point cut in September. They are usually pretty spot on with that.. especially when it's >75% of them. This isn't a poll of what they want, rather what they think will actually happen for the purposes of investing, etc.
Nope, don't agree. The majority has been calling for cuts since July 2023. They have yet to be right even one time. I think they will be wrong this time too unless inflation makes direct strides south to the 2.0% target by the Fed's September board meeting. I read somewhere the other day, wish I had saved it, that the market sells off way more often than not after the first rate cut. If I owned stocks, glad I don't, I'm not so sure I'd want current rates being cut unless there are significant employment pressures to justify it. So far, that has not materialized. I'm in the soft-landing camp.
One of the few times that we are in agreement. A rate cut in September is a virtual certainty and a half point is a reasonable prediction.
Didn't think it was worth it's own thread so just adding this to the bloodbath thread. https://www.reuters.com/markets/us/us-small-business-sentiment-near-2-12-year-high-2024-08-13/ I don't think it signals a whole lot, but certainly good news.
