Why are stocks tanking this morning?

[bunsen82]

Oil is dropping because Opec is not cutting production and the chances of recession have increased slightly, and add into that the risk of extreme war in the middle east has declined after it had spiked.

 

[joelbc1]

Wall Street had early warning that Adam Gregg was a resigning as Lt. Governor….

 

[Tenacious E]

I am so glad my alarm about the market earlier this week was all about nothing.

 

[WadeLookingbill]

I am so glad my alarm about the market earlier this week was all about nothing.

 

[Uniformed_ReRe]

It seems like we've had a long run of growth, going back around 15 years since the last "real" recession, if you ignore the COVID crash. The inflationary measures by both Trump and Biden, along with the AI hype have heated things up to a level where it seems like some pullback is unavoidable. You can add the massive consumer credit debt bubble to that list. Consumers are maxed out and will need to time to deleverage.

Personally, I'm expecting a mild recession or at least a period of slow growth, along with a return to low inflation and reduced interest rates.

That's assuming no major wars break out, in which case all bets are off.

 

[Bonerfarts]

I think it's movement is almost purely from a technical basis. At all-time highs, double top, which is bearish short term. I would guess it dips to one the rolling averages and bounces, as long as nothing fundamental happens in the near future.

Sometimes I just want to do my self in my own butt.

 

[Tenacious E]

Sometimes I just want to do my self in my own butt.

Is this a triple top or will the trend keeping going up?

 

[Bonerfarts]

Is this a triple top or will the trend keeping going up?

That's the million-dollar question. It will either sell off again at the top or break through with new all-time highs. I don't think anyone knows, but things seem bullish at the moment. $SPY at 565 is the inflection point.

 

[Bonerfarts]