Dow Hits 36,000! Profits soaring!!

[DOTR]

Funny, the Dems say it only has what power the Repubs give them to carry out their role.

They would wouldnt they?

 

[Harpy Eagle]

They would wouldnt they?

Of course they would as there is little to no difference between the two parties

 

[DOTR]

Of course they would as there is little to no difference between the two parties

I dont doubt it. They both probably offshore their dirty work to libertarians who arent the brightest or least gullible.

 

[Harpy Eagle]

I dont doubt it. They both probably offshore their dirty work to libertarians who arent the brightest or least gullible.

I often forget how much you big government loving folks hate the libertarians

 

[DOTR]

I often forget how much you big government loving folks hate the libertarians

Its kind of hard to hate people you only ever see in internet chat rooms

 

[Harpy Eagle]

Its kind of hard to hate people you only ever see in internet chat rooms

And yet you still manage....well done!

 

[themirrorthief]

Companies are making profits right now and Wall Street sure likes that. I remember how much of a barometer the stock market was to measure a President’s success over the last several years. When will you conservatives start enjoying a growing economy?


Dow Average Touches 36,000 Buoyed by Earnings: Markets Wrap
Stocks Pare Gains Amid Earnings, Fed Taper Outlook: Markets Wrap

Stocks rose toward another record amid earnings surprises and optimism the recovery in the world’s largest economy is on track.

The Dow Jones Industrial Average touched the 36,000 level. The S&P 500 climbed for a third day, led by commodity, retail and financial companies. The tech-heavy Nasdaq 100 underperformed. Treasuries fell.

More than 80% of S&P 500 companies reporting third-quarter results have beaten Wall Street estimates, according to data compiled by Bloomberg. That has laid the groundwork for a nearly 6% gain in the equity benchmark since the season began on Oct. 13 -- the best performance over a comparable period since 2014.

the mega rich sure love those democrat tools of theirs

 

[themirrorthief]

Way to go, Joe!

now go take another long nap JOe and get somebody to change that depends for crying out loud

 

[CrusaderFrank]

Which obvious is that?

Wait, you're a "Libertarian"? LOL! Seriously? What else are you, a hobbit?

 

[gtopa1]

Companies are making profits right now and Wall Street sure likes that. I remember how much of a barometer the stock market was to measure a President’s success over the last several years. When will you conservatives start enjoying a growing economy?


Dow Average Touches 36,000 Buoyed by Earnings: Markets Wrap
Stocks Pare Gains Amid Earnings, Fed Taper Outlook: Markets Wrap

Stocks rose toward another record amid earnings surprises and optimism the recovery in the world’s largest economy is on track.

The Dow Jones Industrial Average touched the 36,000 level. The S&P 500 climbed for a third day, led by commodity, retail and financial companies. The tech-heavy Nasdaq 100 underperformed. Treasuries fell.

More than 80% of S&P 500 companies reporting third-quarter results have beaten Wall Street estimates, according to data compiled by Bloomberg. That has laid the groundwork for a nearly 6% gain in the equity benchmark since the season began on Oct. 13 -- the best performance over a comparable period since 2014.

This thread hasn't aged well.

Greg

 

[Harpy Eagle]

This thread hasn't aged well.

Greg

That is has not

 

[DOTR]

Wait, you're a "Libertarian"? LOL! Seriously? What else are you, a hobbit?

The difference between a libertarian and a hobbit is I havent given up on one day meeting a hobbit.

 

[Flopper]

Companies are making profits right now and Wall Street sure likes that. I remember how much of a barometer the stock market was to measure a President’s success over the last several years. When will you conservatives start enjoying a growing economy?


Dow Average Touches 36,000 Buoyed by Earnings: Markets Wrap
Stocks Pare Gains Amid Earnings, Fed Taper Outlook: Markets Wrap

Stocks rose toward another record amid earnings surprises and optimism the recovery in the world’s largest economy is on track.

The Dow Jones Industrial Average touched the 36,000 level. The S&P 500 climbed for a third day, led by commodity, retail and financial companies. The tech-heavy Nasdaq 100 underperformed. Treasuries fell.

More than 80% of S&P 500 companies reporting third-quarter results have beaten Wall Street estimates, according to data compiled by Bloomberg. That has laid the groundwork for a nearly 6% gain in the equity benchmark since the season began on Oct. 13 -- the best performance over a comparable period since 2014.

The fact that corporate profits are rising is a good indication that we have a ways to go before we break the back of inflation. If the Fed continues to raise interest rates which they are certainly going to do, at some point when interest rates are high enough both corporate and personal spending will shrink and we will see falling inflation and then the beginning of a real recovery. I think that will happen in next 6 to 12 months.

Although business is generally good, there are signs that point to a real slow down, home sales are down and new construction is down. Wage increases are falling well behind inflation. I've noticed that rising prices in some retail stores are slowing as customers say no to higher prices. A restaurant I go to for breakfast occasionally is seeing the effect of higher prices. An $8.95 breakfast is up to $13 in the last 18 months and you can really see the decrease in volume of business.

 

[DOTR]

This thread hasn't aged well.

Greg

I mentioned that. His explanation was that he only said it to score points because of Trump? Now you know what you are dealing with.

 

[gtopa1]

Looking at the GDP numbers; Imports down due to large inventories; exports up (good) and consumer spending DOWN...................................uh oh!!!

"
The rise in third-quarter growth reflected net increases in exports, matching expectations that the trade deficit had narrowed as a result of a steep drop in imports, in part due to bloated inventories at some retailers. It was much fewer imports of consumer goods that led to the overall decline.

International trade dynamics may have been what ultimately delivered such strong growth in GDP, but investors would do well to examine some of the more telling components in the data.

Consumer spending increased overall, reflecting money flowing to healthcare and other services. But shoppers stopped digging as deep in their pockets to purchase goods, with data showing a deceleration of spending on cars, parts, and food and beverages. This was the third straight quarter in which goods spending fell, indicating a squeeze on consumers.

Amid signs that inflation remains persistently high—with two more interest-rate decisions due from the Federal Reserve this year—these trends are important.


As are indications that the U.S. is facing a slowdown in the housing market. GDP growth was primarily weighed down by a decrease in residential housing investment, and especially single-family home construction. The Fed’s hawkish shift on interest rates has had a knock-on effect on the mortgage market and created what some economists have called a housing recession.

The data out Thursday may be as good as it gets for a while.

“We expect 3Q22 to mark the peak in quarterly growth, as the cumulative effect of tighter monetary policy begins to push growth below potential,” said Ellen Zentner, the chief U.S. economist at Morgan Stanley. The bank expects to see GDP growth in the fourth quarter of just 0.8%.

“There’s a distinct possibility that Q3 could be the last hurrah for this post-pandemic economic expansion, as the U.S. faces material economic headwinds as a result of the Fed’s aggressive tightening cycle,” said Michael Reynolds, vice president of investment strategy at Glenmede.

The growth picture is likely to get gloomier as the full impact of the Fed’s monetary policy ripples across the economy—a process that can take many months or a year. The central bank is expected to hike rates by 75 basis points, or three quarters of a percentage point, for the fourth time since June next week. That, and another rate decision in December, will only show up in the data deep in 2023.

By that point, this year’s third quarter likely will look even better.

The U.S. Economy Grew, but It’s Not as Good as It Looks​

The surprisingly strong increase in GDP should reassure investors that the economy has yet to enter a recession, but risks of a slowdown remain.

www.marketwatch.com
It's only been a TECHNICAL recession, folks. Nothing to see here!!!!

The real one is yet to come unless the settings change BIG TIME!!!!

btw: selling from the Strategic Reserve assisted the Exports number. Go figure!!!!


Greg

 

[citygator]

The corporate overlords want a recession. They want to do mass layoffs and force people back into offices to save commercial real estate. Too many well paid happy employees makes that harder.

The only reason to keep raising rates is to blow up the labor market (the thing keeping the economy afloat). Capital wants its cheap labor back and a soft landing doesn't accomplish that.

Look out below!

 

[Toddsterpatriot]

The corporate overlords want a recession. They want to do mass layoffs and force people back into offices to save commercial real estate. Too many well paid happy employees makes that harder.

The only reason to keep raising rates is to blow up the labor market (the thing keeping the economy afloat). Capital wants its cheap labor back and a soft landing doesn't accomplish that.

Look out below!

What are they supposed to do to fight Bidenflation?

 

[citygator]

What are they supposed to do to fight Bidenflation?

Lower prices due to producer competition. This is a result of industry consolidation.

 

[odanny]

Today, for the first time in months, my 401K is UP 0.56%!



Yes, based on strong 3rd Qtr. earnings of my various holdings, I am back in the GREEN.

Keep up the GREAT work President Biden!

 

[Harpy Eagle]

The corporate overlords want a recession. They want to do mass layoffs and force people back into offices to save commercial real estate. Too many well paid happy employees makes that harder.

The only reason to keep raising rates is to blow up the labor market (the thing keeping the economy afloat). Capital wants its cheap labor back and a soft landing doesn't accomplish that.

Look out below!

There will be no mass layoffs. Most companies are short people as it is.