STOCK MARKET WATCH -- Tuesday, 14 June 2022

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 14 June 2022

Previous SMW:
SMW for 13 June 2022




AT THE CLOSING BELL ON 13 June 2022



Dow Jones 30,516.74 -876.05 (2.79%)
S&P 500 3,749.63 -151.23 (3.88%)
Nasdaq 10,809.23 -530.80 (4.68%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Turnaround Tuesday?

Capitulation? Fed Wednesday. More rate hikes ahead. Crypto collapsing. Liquidity drying up.

My guess is this is the point where the Fed usually injects liquidity. But they can no longer do that with inflation exceeding 8-9%.

It's going to get worse? I'm not bottom fishing. That may be many months away.

[Tansy_Gold]

2. Is this the bursting of the bubble . . .

. . . so many of us have been predicting for, uh, how many years?

It's so difficult to be hopeful these days.

[bucolic_frolic]

3. I don't think it will ever burst like it's 1929 again

But we are headed into the 1970s, a long period of slow growth and inflation with the market grinding down just as it did going up. It may be intermittent, and sideways action may be the windup when history looks back at it, but assets are overpriced because the Fed's low interest and cheap money made every business idea look profitable on a spreadsheet and the world just doesn't work that way.

[Tansy_Gold]

4. ". . . and the world just doesn't work that way."

Spot. On.