Wednesday, December 28, 2022

End of the Year Stock Selloff

      December can be good for the market; or not. Look at the tech sector-scary! Look at the energy sector: marvelous-up >20%, almost 30% for some. So, you bought chip stocks and sold oil in February. Too bad for you; Jerome Powell, FED head had another rate increase in his wallet just for you. And now the banks have to adjust to the end of the easy money era. About time. Maybe now speculators and retirees can park some meager funds into federally insured institutions and not chase crypto hoping for a return that will allow them to live without fear.

     Buy Bonds; let the banks eat poop. Sell tech, sell consumables.

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