Market Thought… ho-hum reaction
Despite the decline, the market is still waiting for approval of the bill. Not a collapse, but a sizeable decline none-the-less. (Most likely because financials can not be shorted.)
The market is acting like a repricing of equities is upon us. MA and AAPL, to only name a few… but the general commodities as well, suggest a global slow down is upon us. At the very least US recession that will cause much slower growth abroad.
I am causious here, but I must say stocks are looking juicy, even when repricing for lower growth.
Unfortunately we have still not hit a market bottom.
