I rarely comment on financial stuff, but the intent seems like drag the conflict in Iran as long as possible so the fed would be forced to cut down the rates to bring back consumer borrowing and spending. In reality the opposite effect is being pushed. Prices are going up and that reduces spending.
Or to open up the public lands and increase drilling there.
I just went grocery shopping today and a bag of apples was $6 just a few months ago it was three something the family Dollar went up 25 cents across the board on every item inflation is getting worse
The other day Walmart was cutting prices Pepsico was cutting prices. Demand destruction is already here. The Hormuz levy show up wherever, if consumers ain't even keeping food purchases the same, what is the a price rise going to do on the rest? If they hike, they'll hike into a nose dive.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a Portfolio of around 85k to a decent 780k in the space of a few months.Thanks again Ken Halper, for the regular updates,..
I have a suspicion that most of us here agree with the quote "There are three kinds of lies: lies, damned lies, and statistics."!
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Or to open up the public lands and increase drilling there.