You are viewing a single comment's thread from:
RE: The Dow Jones Industrial Average and its 50 Day Moving Average & Interest Rates
I don't know how I wasn't following your account already. That's an oversight on my part. Apologies.
I'm watching the market fairly closely. The rising interest rates are likely partly to drive the prices of precious metals down. Unfortunately for the powers that be, it also makes it harder to maintain an upward trajectory on the stock market when bonds start yielding more. And the stocks are already very inflated, so it's going to be a very interesting next few months.
Welcome aboard Pirate...the timing is suspect with the midterms coming up...we shall see.
Thanks, glad to be here!
Yes, it is suspicious being that The Fed probably doesn't want Trump to keep Republican control. What better way to hurt their chances of winning than to raise interest rates which will hurt the economy so the pundits can say that things aren't going well because of DT? I'm really tired of politics.