If the market is going down due to inflation and interest rate fears then why are utility stocks up today? Makes no sense.
If the market is going down due to inflation and interest rate fears then why are utility stocks up today? Makes no sense.
I think the selling started with funds re-balancing at the end of the month, which triggered some technical sell signals for traders, now add the memo being released which leads to gov't turmoil and could lead to bigger issues like the upcoming deadline to keep the govt open. I think this all leads to buying opportunities. None of this stuff will affect earnings growth and an improving economy.
BUT.... remember QE1,2,3 and beyond. All that QE is being unwound, slowly, but will still be a factor going forward.
Thanos was the hero
It’s just weird how utilities have been hammered lately and then don’t drop in tandem with the market. I was hoping these higher rates would really knock them down more. I wanted to pickup Dominion if the yield got above 5 percent.
This week is starting to look like 2008 again. I just took my 2018 RMD yesterday and moved it to Vanguard. # Losing
bottom
Thanos was the hero
I know its stupid..........but................
the financial crisis bottom was 666 in the SPX..........today the Dow was down 665.75, pretty close.
There's alot of superstition in the markets. Something to watch and chuckle or cry about.
Thanos was the hero
Down 10K today and that is a portfolio that is supposedly moderate risk. I guess at 74 years old, when it goes back up a little I should get out. Only problem is, where can I make 4% to cover my RMD’s?
Thanos was the hero
If you are looking for income and not as concerned with the gains or drops in the stock price there are some utilities like duke, dominion, southern company and ppl whose yields are over 4 percent. Or you could look at a utility etf like VPU but I don’t think the yield on that is over 4 percent yet. These stock prices will likely fall some more if interest rates rise since these are almost like bonds but if you find one that projects dividened increases like dominion it may be a good bet. This may be something to discuss with your financial advisor if you are looking for income.
Honestly I hate to over simplify it because people on the net dont seem to like that or facts posted....
BUT you cant go look at the whole history of the dow and find it down two dates 20 years apart period... basically the dips are small and short and the rises are longer.
I lost 10k friday, 23k today.. no big deal, there were days I was making 10k at a time for day after day in the last month or so. Its only a loss if you CASH out like the dummies do.
When the market sells off like that then typically everything goes down. Luckily such severe selloffs don’t happen very often. The only safe place for the most part was cash.
Did I miss a headline somewhere?
Either way I'm putting money to work today.
Thanos was the hero
Sure seems like there is enough panic and blood right now to get in a few I have been watching.
Still waiting on my buy list to drop more. Utilities don’t seem to be dropping enough.
The computers are selling now. Will they stop the exchange before 4?