Economy

Tansy_Gold

(18,046 posts) Wed Dec 21, 2022, 04:48 PM Dec 2022

STOCK MARKET WATCH -- Thursday, 22 December 2022

STOCK MARKET WATCH, Thursday, 22 December 2022

Previous SMW:
SMW for 21 December 2022

AT THE CLOSING BELL ON 21 December 2022

Dow Jones 33,376.48 +526.74 (1.60%)
S&P 500 3,878.44 +56.82 (1.49%)
Nasdaq 10,709.37 +162.26 (1.54%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:

Gold & Silver:

Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

The themes of the ads and the debates intertwined in ways that advantaged Clinton. In an often replayed moment from the first debate of 1992, George Bush suggested that the Democrat's Oxford-based protests against the Vietnam War discredited him as a potential commander-in-chief. Clinton parried by saying, "Your father was right to stand up to Joe McCarthy. You were wrong to attack my patriotism." In 1992, as in elections past, candidates told us what they would and would not do and also who they and their opponents were and were not.

Kathleen Hall Jamieson. Packaging the Presidency: A History and Criticism of Presidential Campaign Advertising. (Third Edition). Oxford University Press. (c) 1984, 1992, 1996.

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STOCK MARKET WATCH -- Thursday, 22 December 2022 (Original Post) Tansy_Gold Dec 2022 OP

End of year Tech Wreck underway bucolic_frolic Dec 2022 #1

bucolic_frolic

(46,736 posts)

1. End of year Tech Wreck underway

Reply to Tansy_Gold (Original post)

Thu Dec 22, 2022, 11:05 AM

Dec 2022

Absolutely smashed. I'm watching Micron, Intel, Alibaba, Uber. UK said to face 2 year recession, we've skirted one entirely. How is that possible? Fed is becoming Dovish, that's how. They are allowing inflation to run, and telling us they've got it under control. This is not a winning scenario. I'm beginning to realize Powell is a banker, and not an economist. Economists who study the 1970s, the Great Recession, would know this is going to end in one place because the Fed won't give the medicine of higher interest rates to protect the value of the US dollar. But in the end the Bond Market wins out. Property rights - interest payments, purchasing power - endure, but poor people will suffer from inflation forever.

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