Find me one time the stock market has bottomed after significant declines when either the Fed didn’t sharply pivot dovish or growth didn’t start to convincingly surprise on the upside. None of the two conditions is met today - quite the opposite, actually.
Watch out for higher dollar value stocks. They are targets now under attack. $SHOP down from $1750 and can still go lower.
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”People are suffering, people are dying, entire ecosystems are collapsing. We are in the beginning of a mass extinction and all you can talk about is money and fairytales of eternal economic growth.” Watch Greta Thunberg speak at the UN Monday morning.
If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.
Massive news: Roman Abramovich sanctioned. All UK assets frozen. Chelsea can still operate under a special licence but sale now on hold. Club will not be allowed to sell any more tickets - only season ticket holders can go to games for the foreseeable future.
"You have stolen my dreams and my childhood with your empty words," climate activist Greta Thunberg tells the UN. "We are in the beginning of a mass extinction and all you can talk about is money and fairy tales of eternal economic growth. How dare you."
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.