The nasdaq got spanked and slit 1. 6 but the average value 29 points in an it is passion of the upcoming rate cut, the first in ten years allow me to set the stage, on wednesday fed chief jay powell will give us the read on the economy and announce a quarter point rate cut to breathe now life into a business situation for many different industries. I know there will be sticklers that say with unemployment with the lowest level since the 1960s, it is ridiculous for the fed to think about cutting rates. Others like President Trump think a 25 basis cut isnt enough the president endlessly tweeted the Federal Reserve is way too tight monitory policy has been holding back the economy did it again today when your Interest Rates are too high, the currency gets stronger versus the rest of the world our rates are much higher so the dollar is very strong and makes the internationally Oriented Companies far less competitive and can hurt the Auto Industry and housing industry both of which are weak
Ive heard that from the fed. Ive studied this for 40 years and i admit there is not that much correlation until people start losing a lot of money. Guess what people have lost a lot of money. If you bought at the recent high, youre now down 10 on the average high in the s p 500 and many cases 20 believe me, people feel that more importantly, the fed should be able to see it. At least if theyre willing to look at it now, the fed is notorious for ignoring the importance of what the markets have to say. By the way, so is my old friend larry kudlow who seems more bullish than ever. I think that that is an illadvised position if things are going to do what i think theyre going to do. On the other hand, you can recall only one time when the market was totally out of singh with what was about to happen in the economy and that is october of 87 when we crashed because the market couldnt handle an influx of sell orders from the futures bids one that you would certainlying nuts to ignore, the mar
According to reports, Megha Engineering and Infrastructures Limited (MEIL), a significant participant in the Indian infrastructure market with headquarters in Hyderabad, intends to sell Megha City Gas Distribution Private Limited (MCGDPL), which handles city gas distribution.
The petition claimed that the EB data shows the bulk of these were given as “quid pro quo” arrangements by corporates to political parties | Latest News India