Financial Media drama - What's THIS now?

[mikes425]

I try to just ignore the daily ups and downs and check in a few times a week on the markets.
My PF's been improving nicely this month. Bond funds kind of acting like bond funds, equity funds
improving.  So I tune in to CNBC radio and am hearing this total gloom/doom-fest about bond  
rates going higher... equities poised for a downturn... what?  What happened like, in the course of 
a day or two?  I'm getting pretty fatigued by the whipsaw nature of this market.  How much of
this is totally artificially driven and how much is actual fundamentals?  Sorry if I'm missing the
big picture. I am truly trying not to watch it day to day anymore but this simply doesn't 
compute based on the economic news I've heard the last few weeks.  

[steadyeddy]

Jul 27, 2023 21:43:26 GMT mikes425 said:

I try to just ignore the daily ups and downs and check in a few times a week on the markets.
My PF's been improving nicely this month. Bond funds kind of acting like bond funds, equity funds
improving.  So I tune in to CNBC radio and am hearing this total gloom/doom-fest about bond  
rates going higher... equities poised for a downturn... what?  What happened like, in the course of 
a day or two?  I'm getting pretty fatigued by the whipsaw nature of this market.  How much of
this is totally artificially driven and how much is actual fundamentals?  Sorry if I'm missing the
big picture. I am truly trying not to watch it day to day anymore but this simply doesn't 
compute based on the economic news I've heard the last few weeks.  

Market trades based on expectations of several months into the future. The lag effect of rate hike campaign is not yet felt as Powell said yesterday. More doom & gloom before much more bloom.

[yogibearbull]

This was the week of the FOMC that (i) raised rates by +25 bps, (ii) Powell said at the presser that in future there could be rate-hold or rate-hike (open ended, as necessary) and (iii) No cuts until 2024.

That was BIG news for the fixed-income markets.

[uncleharley]

This mornings Headline du Jour is all about improved inflation as evidenced by the PCE. Stocks futures are back in their bull mode and we should have a good day. Tis better to trade on technicals rather than headlines.

[anitya]

mikes425,

Record your favorite financial media ( you mentioned CNBC) and watch later in 40% of the time, skipping the usual stuff.

Imagine how people who sold out yesterday based on those financial media feel today but Unfortunately, gloom and doom sells which tells more about the primitive human nature than the sellers. It obviously muddles real crises from non-events.

I think more money is lost preparing for or trying to avoid anticipated losses.

There was a serious 1 day sell off in May as well but just like today there was no follow through.

[yakers]

Yeah, saw a posting from Hussman-doom & gloom & 64% market decline predicted, of course he is a perma bear so is regularly wrong.

[steelpony10]

mikes425 ,

       Short term market movements are a crapshoot hence the 100-your age mantra. Just think long term unless you’re retired then think more sure income. You shouldn’t still be building a portfolio and churning an account based on headlines ever really.

        Any headlines are just a forever soap opera that never ends but should be looked at as entertainment at best.

[mikes425]

Jul 30, 2023 19:52:13 GMT steelpony10 said:

mikes425 ,

       Short term market movements are a crapshoot hence the 100-your age mantra. Just think long term unless you’re retired then think more sure income. You shouldn’t still be building a portfolio and churning an account based on headlines ever really.

        Any headlines are just a forever soap opera that never ends but should be looked at as entertainment at best.

Good Point!