Stock market today: Dow drops 1,123 points and bond yields soar as markets adjust rate outlook after Fed meeting

[1srelluc]

Stock market today: Dow drops 1,123 points and bond yields soar as markets adjust rate outlook after Fed meeting

The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.

markets.businessinsider.com

US stocks cratered on Wednesday, with the Dow Jones Industrial Average falling more than 1,100 points amid its longest losing streak in 50 years after the Federal Reserve delivered an expected rate cut but hardened its tone on future policy easing.

The S&P 500 lost almost 3%, while the Nasdaq composite fell over 3.5%. Major indexes had been up ahead of the meeting but tanked sharply as traders digested projections from the central bank and tuned in to Fed Chair Jerome Powell's press conference.

Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%. The two-year Treasury, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%.

The Fed cut its benchmark rate another 25 basis points, in line with what investors had expected. That brings the total level of policy easing to 100 basis points in 2024.

I told you the rate cut and mouth running today by The Fed was a very bad idea!

Powell needs to go but I suspect he knows that he will be forced out.

One last FU to Americans as Trump is about to take office.

 

[Votto]

GREAT RESET ANYONE?

Trump won so it's time to tear it all down!!

 

[Thunk]

I wonder if they'll have an "emergency" rate cut before jan 20th?

 

[Votto]

If they are going to do the great reset, they should at least let Trump take office first so they can blame him.

Idiots.

 

[JoeB131]

Stock market today: Dow drops 1,123 points and bond yields soar as markets adjust rate outlook after Fed meeting

The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.

markets.businessinsider.com

US stocks cratered on Wednesday, with the Dow Jones Industrial Average falling more than 1,100 points amid its longest losing streak in 50 years after the Federal Reserve delivered an expected rate cut but hardened its tone on future policy easing.

The S&P 500 lost almost 3%, while the Nasdaq composite fell over 3.5%. Major indexes had been up ahead of the meeting but tanked sharply as traders digested projections from the central bank and tuned in to Fed Chair Jerome Powell's press conference.

Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%. The two-year Treasury, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%.

The Fed cut its benchmark rate another 25 basis points, in line with what investors had expected. That brings the total level of policy easing to 100 basis points in 2024.

I told you the rate cut and mouth running today by The Fed was a very bad idea!

Powell needs to go but I suspect he knows that he will be forced out.

One last FU to Americans as Trump is about to take office.

The Second Trump Recession is coming Baby.

Deal with it.

 

[Darkwind]

The Second Trump Recession is coming Baby.

Deal with it.

This is a Biden recession. Deal with it clown.

 

[Picaro]

They need to drop another 50% to get back to sane valuations.

 

[Crepitus]

Stock market today: Dow drops 1,123 points and bond yields soar as markets adjust rate outlook after Fed meeting

The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.

markets.businessinsider.com

US stocks cratered on Wednesday, with the Dow Jones Industrial Average falling more than 1,100 points amid its longest losing streak in 50 years after the Federal Reserve delivered an expected rate cut but hardened its tone on future policy easing.

The S&P 500 lost almost 3%, while the Nasdaq composite fell over 3.5%. Major indexes had been up ahead of the meeting but tanked sharply as traders digested projections from the central bank and tuned in to Fed Chair Jerome Powell's press conference.

Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%. The two-year Treasury, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%.

The Fed cut its benchmark rate another 25 basis points, in line with what investors had expected. That brings the total level of policy easing to 100 basis points in 2024.

I told you the rate cut and mouth running today by The Fed was a very bad idea!

Powell needs to go but I suspect he knows that he will be forced out.

One last FU to Americans as Trump is about to take office.

They are expecting an economic crash in the near future.

 

[Votto]

The Second Trump Recession is coming Baby.

Deal with it.

Joe set Trump up for a recession?

 

[JoeB131]

This is a Biden recession. Deal with it clown.

Nope. The economy was fine when Biden leaves it, but the recession happens next year because they know they can get away with taking us all down a peg or two.

this is what you don't get. The rich love them some recessions. They get to fire a bunch of people and hire a bunch of new people who will happily work for less. That's why Covid was such a disappointment for them. It didn't go on long enough, and employees saw what a bunch of shitheels employers are and jumped to better paying jobs.

 

[JoeB131]

Joe set Trump up for a recession?

Nope. Trump's election is causing the recession, because the rich know he'd going to fuck things up.

 

[DStar777]

They are expecting an economic crash in the near future.

.. which in the long term never matters because ALL crashes are followed by bull markets setting records. It's a matter of how long the crash lasts. I say this to get this subject away from being political.

 

[Crepitus]

.. which in the long term never matters because ALL crashes are followed by bull markets setting records. It's a matter of how long the crash lasts. I say this to get this subject away from being political.

But this is political. They are expecting tRump/musk to crash the economy.

 

[DStar777]

But this is political. They are expecting tRump/musk to crash the economy.

There is always someone saying this crap. It's nothing more than an attempt by political types (yes even among economists and business people) to influence public perception. As a general rule, stock market performance is independent of politics. It simply does not matter who's running things in DC. Long term investors (the smart ones) ride out dips and crashes knowing the market always recovers and expands.

 

[JoeB131]

There is always someone saying this crap. It's nothing more than an attempt by political types (yes even among economists and business people) to influence public perception. As a general rule, stock market performance is independent of politics. It simply does not matter who's running things in DC. Long term investors (the smart ones) ride out dips and crashes knowing the market always recovers and expands.

That's awesome and all.

But, um, most of us are locked into 401K's and other schemes and we're stuck if the market crashes or not.

here's the reality. Deep down, the investor class is looking at what Trump is proposing, with higher tariffs and higher debts, and they are cashing out now.

 

[Crepitus]

There is always someone saying this crap. It's nothing more than an attempt by political types (yes even among economists and business people) to influence public perception. As a general rule, stock market performance is independent of politics. It simply does not matter who's running things in DC. Long term investors (the smart ones) ride out dips and crashes knowing the market always recovers and expands.

Umm... No. In this case everyone agrees that fear of future inflation/interest rates based on the stated purpose of the incoming administration is the cause here.

 

[Crepitus]

The Second Trump Recession is coming Baby.

Deal with it.

And he's getting an early start this time.

 

[DStar777]

here's the reality. Deep down, the investor class is looking at what Trump is proposing, with higher tariffs and higher debts, and they are cashing out now.

Your an example of the very thing I just said:

There is always someone saying this crap. It's nothing more than an attempt by political types (yes even among economists and business people) to influence public perception.

The bold face is you.

 

[DStar777]

Umm... No. In this case everyone agrees that fear of future inflation/interest rates based on the stated purpose of the incoming administration is the cause here.

Holy Schmollies, you are making my point:

There is always someone saying this crap. It's nothing more than an attempt by political types (yes even among economists and business people) to influence public perception.

How many of you are going to do this?

 

[JoeB131]

Your an example of the very thing I just said:

The bold face is you.

Hey, stupid, if this was the case, then why do recessions ONLY seem to happen when Republicans are in charge?

Let's review the last 11 recessions, shall we?

2020 - Trump
2008 - Bush
2002 - Bush
1990 - Poppy Bush
1982 - Ronnie Ray Gun
1980 - Carter (the only Democrat on this list)
1975- Ford
1969 - Tricky Dick
1960 - Ike
1957 - Ike
1954 - Ike

Not to mention the GREAT DEPRESSION, that started under - wait for it. Herbert Hoover.