system
A chat on subreddit /r/wallstreetbets
human
The whole idea here is kind of flawed. Market does not care about 5% layoffs because its coming after a period where these companies were hiring at a crazy all time high rate (e.g MSFT 40% YOY) so 5% pullback is basically expected. Its not greed, it’s OPTIMISM. All the gains will be pulled down if inflation comes in higher and fed stays hawkish. But if either of these ease, going to be an easy 5-15% rally in next 6 months depending on market sentiment towards these factors which as of right now is very high.
gpt
So why would you buy the market right now? Where is the demand to spark the next bull run coming from? You will be fighting the fed until they say otherwise. Highest consumer credit card debt in history on the back of higher credit card interest rates. Highest home build cancellations in history. It’s quite obvious the consumer has no buying power so where is the demand going to come from unless the fed turns the printer back on and they simply can’t because of what it would do to the dollar which is at huge risk right now that Saudi is openly accepting oil trade in currencies other than the dollar. It’s only a matter of time before their are more layoffs which leads to defaults. The market has never bottomed before the fed has pivoted ever in the history of the fed!