Market Confusion
🗣️ DISCUSSION 💬
Y'all... I see the nasty inflation numbers which should be tanking the market. Yet it's skyrocketing. I've been thinking for some time that there's some major manipulation happening... any of y'all have any thoughts on this?
I wasn't noticing it till recent months, I'm glad I'm not alone in this, thanks for confirming
Here's why:
Social Security just announced a HUGE increase in it's payments to retired folk.
The market is reacting positively to this because it will allow retirees to keep more of their pensions/IRAs/401k invested in the market, instead of withdrawing them to pay for living expenses. This is very good for the markets long term... not good for the taxpayer, of course.
They had to make that announcement to generate some kind of positive market reaction... makes sense. It seems like there's more manipulation than I can ever recall too. Thanks for that explanation, I saw the SS announcement, definitely didn't think that'd be the source but it makes perfect sense. Appreciate ya, Fren