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kescusay ,
@kescusay@lemmy.world avatar

I will never understand why some people think the stock market is predictable. Or sane.

This particular downturn seems to have been caused by a jobs report showing that the U.S. added plenty of new jobs this quarter. Oh wait, excuse me, let me rephrase that… The U.S. added plenty of new jobs, but not as many as economists were predicting.

And apparently, that’s enough reason to freak the fuck out and sell all your stock for a lot of investors.

BlackLaZoR ,
@BlackLaZoR@kbin.run avatar

Also entire crypto market went 20% down in one day.

MCasq_qsaCJ_234 ,

The Russian government is saddened by this fall.

TheDemonBuer ,
@TheDemonBuer@lemmy.world avatar

Fed rate cut incoming.

ModerateImprovement OP ,
@ModerateImprovement@sh.itjust.works avatar

Sadly, I don’t believe there will be any cuts in 2024, I believe they will cut in 2025 but that is just my opinion.

Corkyskog ,

It’s just a question of whether they do a quarter or half in September, in my opinion.

ModerateImprovement OP ,
@ModerateImprovement@sh.itjust.works avatar

From now till September, I believe the stock is expected to stabilize, on the other hand the inflation is still higher than 2%.

That is why I don’t expect that they will lower the rate as it would be kind of unexpected move to lower it this early.

Corkyskog ,

Yeah but unemployment is on the rise lately, the newer numbers look worse than expected. Many in the finance world expect a quarter cut just because of that.

It’s a balancing game and economic indicators aren’t working as great as they used to… so it’s anyone’s guess.

MediaBiasFactChecker Bot ,

Voice of America - News Source Context (Click to view Full Report)Information for Voice of America:
> MBFC: Least Biased - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

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