Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by dragonwriter on Friday February 03, 2023 @02:04PM
(#34646271)
> it seems the general direction will be down until the fed pivots.
More likely, it will be down until market participants are sufficiently convinced the Feds will pivot enough, and then it will rebound, at unknown velocity.
And, yeah, trying to strategize around that fact is trying to time the market.
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by dcolkitt on Friday February 03, 2023 @01:51PM
(#34646044)
> but it seems like the largest player in the market is trying to crush it in order to save the dollar.
The US dollar index is now stronger than it's been at any time pre-pandemic since 2002. If anything the Fed is most likely trying to do the opposite, weaken the very strong dollar, as it did in the early 2000s and 1980s.
In other words, I don't know what the stock market will do later today, next week, or for the next month, but it seems the general direction will be down until the fed pivots. Not straight down, there will be up days, weeks, months, but overall down. Don't fight the fed.