A Number Crushing Festival.
At a Wall Street Journal event today, Mr. Jerome Powell once again mentioned that the market correction was a good thing and would assist in balancing the economy.
He also said that if need be, the Fed was prepared to act according to data as it becomes available.
If we look at the stock market´s global price activity over the last couple of months more than $15 trillion dollars have been lost in market value.
Another market which has experienced a significant price decline are Crypto´s, with more than $1 trillion in equity loss in the last week.
Let´s be fair in our comments, not all is because of the Fed.
It´s a tough time for economists. Currently, their plate is truly full, the war, equity markets, the dollar and inflation create a real number-crunching festival.
Investors, chaos is present, there is no denying it, but that being said, opportunities are also very much present.
The professionals are seeking price breaks and strong declines in prices to acquire products.
When all the smoke clears, prices will adjust quickly, and the window for active buyers, will fade.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all.
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