I listen to the money talks podcast from the economist. Latest episode they talked about the FED chairman. They're meeting in Jackson Hole next week, and what will come out of there is the monetary policy moving forward. The podcast was really good about explaining how deliberate he is about being upfront with his policy. In turn, this is viewed as stability.
They said that the announcements coming out of that could be important. Moreover, if inflation gets moving there is a chance it could be too slow to react appropriately.
[BUEHLER445'S PROBABLY WRONG SPECULATION]
If the trade views whatever is said as even being afraid of inflation, the trade will believe money supply is going to contract. Likely will look for exit strategies on funny money type investments - *cough*memestonks*cough* - in favor of more stable returns. A sort of retrenchment strategy.
Originally Posted by Buehler445:
Likely will look for exit strategies on funny money type investments - *cough*memestonks*cough* - in favor of more stable returns. A sort of retrenchment strategy.
Since AMC has been a popular meme stock a green Fri has always been followed by a green Mon. I'm expecting a big day tomorrow for AMC and MMAT. [Reply]
Actually, if the growth continues at this pace through the remainder of the year, the appreciation in my Roth excluding contributions will exceed my gross annual salary, pre-tax. That's just insane. [Reply]