Stocks usually fall ~15% within 12 months following the 1st cut if there is a recession.
If no recession, stocks rise by >10%.
The volatility that dominated markets in the early part of the month sharply reversed in the past week, driven by growing expectations of interest rate cuts that have bolstered investor risk appetite.
The latest batch of inflation...
hello everyone, Hope you're having a good Friday. I expect spy to find support next week in the 531-524 range obviously spy has been selling off greatly due to worsening data not just inflation staying the same. What we know from Wednesday with Powell is Sept. rate cuts might not happen. This week brought a needed correction to the market along with bad earnings...
AMEX:SPY do we see 535?
broke major support = lower
TVC:VIX pushing over 17.71 now= lower
NVDA under 100?
lots of questions to ask ourselves.
I personally think this correction is due to mid earnings, a needed pullback if interest rates are going to get lowered. semiconductors being over priced.
