And quietly but indisputably, the stock market has been loving it – despite the bears’ continued huffing and puffing. Regular readers know I’ve pretty much been saying this all along: no recession, modest but increasing growth, inflation normalizing, strong stock market. Fed Chairman Jerome Powell has long warned that rate hikes meant “economic pain.” AFP via Getty Images Stocks have languished this month after the S&P 500 closed in the red for August, its worst month since February. And all that economic “pain”? GDP’s 2.5% growth exceeds virtually all expectations, job growth is steady, unemployment down, labor participation rate up. Yet inflation fell pretty steadily from June 2022’s 9.1% year-over-year high to 3.2% in July. Since spring 2022, bears swore Fed hikes, with a list of other worries – Ukraine and Silicon Valley Bank among them – would kneecap GDP which they believed necessary to slow inflation.įed Chairman Jerome Powell, meanwhile, has long warned that rate hikes meant “economic pain”– claiming “sticky” inflation required higher unemployment rates - and likely recession. Recall how at the start of the year dire bearishness, with expectations of a recession, was in vogue. Despite talk of a “Goldilocks economy,” the bears have returned. But it’s more Goldilocks-like than has been widely fathomed. In 1992, Salomon Brothers’ analyst David Shulman legendarily dubbed “Goldilocks” an economy growing 4% annualized with 3.2% year-over-year inflation. Why have the bears returned so quickly? It’s partly a question of market psychology. ![]() Stocks have languished this month after the S&P 500 closed in the red for August, its worst month since February. The decades-old catchphrase sets an ideal for growth that’s “not too hot, not too cold…just right” in order to keep the bears at bay.īut in the weeks since, the positive sentiment once again appears to have been dismissed as so much fairy-tale bunkum. With late August’s economic reports showing the US is growing steadily stronger, talk of a “Goldilocks economy” emerged earlier this month. Goldilocks’ porridge is getting cold again – and the bears are already sniffing their way back to the house. Why the US banking crisis is like winter in Europe - and what it means for stocks Why the stock market is smarter than any of us – including the bears Why fears of a banking crisis were overblown - bad regulation is the real problem ‘Bad Breadth’ is the latest ridiculous reason naysayers insist stocks are doomed We offer a variety of products in each bundle to satisfy all of your needs.Why political gridlock is gold - and what that means for stocks in 2024 Each Care Package and Express Box was carefully selected to ensure they included all of your favorites. We currently do not have the option to customize Care Packages or Express Boxes. Please allow enough time for processing and shipping when ordering your packages for the Holidays. For a quicker shipping option please check out our new EXPRESS BOXES which arrive in 2-3 business days after processing and handling. ![]() Processing and shipping can take a minimum of 1.5-2 weeks. ![]() Our carriers are working diligently to ensure orders arrive on time. Please allow a few extra days for updates and delivery prior to contacting our Customer Care. Though most of our shipments are delivering on time, we have encountered some delays with fewer updates during transit. Please be advised that carriers are experiencing delays due to high demand. TUESDAY SHIPPING (previous Wednesday 2:01 PM to Friday 2:00 PM). Order cut off as follows: MONDAY SHIPPING (previous Friday 2:01 PM to Wednesday 2:00 PM ). We at Goldilocks are happy to delight you with your favorite baked treats! To ensure freshness of our bakery products, we mail orders only on Mondays & Tuesdays. We also do not ship to Military/APO/FPO/DPO address due to shipment regulations. No, due to shipment transit time and limitations.
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