Q3 2022, GDP Positive 2.7%

[JohnyMac]

With todays report that the third quarter GDP for this year rose 2.7% here comes the midterm bounce in the markets I spoke to earlier this summer.

Just my opinion: I stayed firm and didn't sell stock as I expected this bump to develop as we led up to the midterms. I will watch the DJIA rise and then just after January 1, sell. I suspect we will see the market rise into mid-January however, I will not be piggish. I will sell, take my profits in 2023, and run for the hills.

 

[JohnyMac]

Well now, the DJIA is up 450-points at this writing.

Several analysts think the 2.7% positive GDP should deflate the current gains in the market because, it shows the economy is out of control and additional Fed interest hikes in December, will be warranted.

That would make some sense however, right now, do to inflation and other financial nasties out there, the market is operating on emotion. Optimistic emotion.

Keep your eyes across the pond to the east. Once the Fed stops helping out the CB (Central Banks) with repo loans, the EU banking system will collapse. Then when the EU CB's crash, we will too weeks later.

Also, watch foreign investors jump into the USA market which should help to inflate market prices here also.

 

 

[pkveazey]

I watch a lot of Market analyst talk about the Stock and Bond Markets. They scare the crap out of me. I could easily drop a few thousand into the Market but I can't bring myself to do it. To me, it would be like reaching into a box of venomous snakes to try to pick up a piece of Gold. I might get lucky, but then on the other hand I might not. I hope it works out well for you.

[JohnyMac]

PKv, I believe in a diversified portfolio. Our market investments are minimal at this time. In my youth, I played the market a lot, not now. Fun to watch though.

The market is crazy and has been for quite awhile. With that written, it along with several other financial dash board items, you can predict what will happen to the economy as a whole.