Let’s see what this sudden rate hike does Anons. Will it keep this odd market up, or drop it like a rock? I for one have been awaiting the big stock collapse that has yet to happen. Let us watch today and tomorrow to see. God bless you all Anons, and please stay prepped.
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Spoke to my finance guy the other day, his brief explanation for the market instability was that the Federal reserve said they wouldn’t raise interest this year in an effort to stabilize the economy. Then they raised it with no warning and came out and said they would up to five times this year. Add in labor shortage, typical is 63-66% and we’re at 61%, omicron (kek), and supply chain issues, we’re heading for a rough six months.
He doesn’t think like we do and has hopes it will stabilize the end of the year. Guess we’ll see