The market continues to be extremely volatile. This week was marked by stocks up in the morning, down in the afternoon and right back up by the close. Anything tied to commodities has been extra volatile. Microcaps were killed. One word from the Fed will send commodities soaring or plummeting. The market has gotten to be extremely interest rate driven. When there is so much debt in the system, combined with ultralow rates, any small change in discount rates will lead to large valuation changes.
Inflation Is Not Transitory
Inflation Is Not Transitory
Inflation Is Not Transitory
The market continues to be extremely volatile. This week was marked by stocks up in the morning, down in the afternoon and right back up by the close. Anything tied to commodities has been extra volatile. Microcaps were killed. One word from the Fed will send commodities soaring or plummeting. The market has gotten to be extremely interest rate driven. When there is so much debt in the system, combined with ultralow rates, any small change in discount rates will lead to large valuation changes.