ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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Real Man

To: Qone0 who wrote (82783)	11/14/2023 9:41:18 AM
From: Lee Lichterman III	1 Recommendation Read Replies (3) of 97493

I still don't see it. This print is almost all negative energy. How much lower can that go? We have the SPR put for oil to refill around $70/barrel. Gasoline is already near $2 which has been midterm average. Labor market still tight. All this celebration and we're still at 3% vs Fed's 2% target. Did your medical expenses go down like they claimed this morning? Yes, housing should fall but I doubt rents do too much because assessments have already jacked up property taxes and insurance premiums have skyrocketed. Add the fiscal debt spending stimulus and I don't think the Fed wants to risk cutting. Especially when the market moves up like this morning and makes people feel rich.

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