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Online mystery-ak

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Stocks plummet after hot inflation report
« on: March 29, 2025, 09:06:38 am »
 Stocks plummet after hot inflation report
by Sylvan Lane - 03/28/25 4:29 PM ET


Stocks ended the week with steep losses after new federal data showed prices rising faster than expected, reigniting inflation fears on Wall Street.

The Dow Jones Industrial Average lost more than 715 points on the day, falling 1.7 percent. The Nasdaq composite lost 2.7 percent and the S&P 500 index fell 2 percent.

The stock slide began shortly after the Commerce Department released data showing an unexpectedly steep increase in consumer prices.

The personal consumption expenditures (PCE) price index rose 2.5 percent over the past year, but 2.8 percent without food and energy prices included. On a monthly basis, the PCE index advanced by 0.3 percent while core PCE increased by 0.4 percent.

“We are moving in the wrong direction and the concern is that tariffs threaten higher prices, which mean the inflation prints are going to remain hot. This will constrain the Fed’s ability to deliver further interest rate cuts,” James Knightley, chief international economist at AIG, said in a Friday analysis.

Stocks have fallen steadily over the past two months as Wall Street braces for the economic impact of President Trump’s trade agenda. Economists expect Trump’s new aggressive import taxes to boost the prices of key U.S. goods and slow the economy, which is already weakening after years of steady growth.

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https://thehill.com/business/5219986-stocks-slide-federal-data-inflation/
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Re: Stocks plummet after hot inflation report
« Reply #1 on: March 29, 2025, 09:09:42 am »
More in-depth analysis


John Carney 28 Mar 2025

Consumer Sentiment Slumps, Consumer Spending Rises

If you trust the surveys, we’re seeing the best of times and the worst of times. More Americans think we’re on the “right track” than at any time in over 20 years. Yet consumer sentiment is at the worst level in four years.

According to a recent Economist/YouGov poll, 41 percent of Americans now say the country is on the right track, the highest level since 2004. This remarkable improvement stands in stark contrast to the reported plunge in consumer sentiment, which according to the University of Michigan’s Consumer Sentiment Index for March 2025, sits at its lowest level since 2021.

There’s also an extremely wide gap between consumer sentiment about current conditions and expectations, and there has been for years now. Consumers have basically been predicting a severe downturn ever since they got slammed by Bidenflation in 2021-2022, and that slump has never materialized. As Aditya Bhave of Bank of America recently noted, “There is no historical precedent for this sort of ‘irrationality’ in expectations. In February too, the decline in expectations was twice as large as the drop in the present situation index.”

Among Democrats, this is even more extreme. Democratic assessments of the present situation indicate the current economy as pretty bad, but expectations indicate that Democrats see something worse than Covid and worse than the financial crisis coming down the economic pipeline. This “sky is falling” view likely reflects their frustration and despair over Trump’s return to power rather than actual economic conditions.

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https://www.breitbart.com/economy/2025/03/28/breitbart-business-digest-consumer-confidence-is-narrative-spending-is-data/
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Online Canuck Conservative

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Re: Stocks plummet after hot inflation report
« Reply #2 on: March 29, 2025, 09:46:35 am »
"According to a recent 1,000-person survey by life insurance and asset management firm Allianz Life, 71 percent of Americans believe inflation will worsen over the next 12 months, an increase from 60 percent in the fourth quarter of 2024."

https://www.newsweek.com/five-recession-indicators-usa-trump-tariffs-economy-downturn-2051996

That's why the endless on-again, off-again tariffs are so dumb ... they're an internal tax that Americans will pay, raising prices and inflation. They're also damaging business and consumer confidence, which is a reliable indicator of a recession.

Team Trump should hire some real Chicago-School economists to learn this, instead of just listening to Wall Street CEOs like Howard Ludnick (Cantor-Fitzgerald) and David Solomon (Goldman-Sachs). Those guys are bankers with MBAs, not economists.

They may know how to run a successful business, but they're clueless when it comes to international trade. And it shows.
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Online catfish1957

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Re: Stocks plummet after hot inflation report
« Reply #3 on: March 29, 2025, 09:56:58 am »
This is the most oversold market of my lifetime. When you have blue chips with P/E's 50-100, the risk of the inevitable gravity is always there. The fact that gold is approaching $3100/oz has mostly gone unnoticed, but is a flashing red beacon that everyone should be heeding.

Flame me all you want, but I'd love to see a 50% correction, and be able to jump back in feet first.
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Online kevindavis007

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Re: Stocks plummet after hot inflation report
« Reply #4 on: March 30, 2025, 07:00:30 pm »
Quote from: catfish1957 on March 29, 2025, 09:56:58 am
This is the most oversold market of my lifetime. When you have blue chips with P/E's 50-100, the risk of the inevitable gravity is always there. The fact that gold is approaching $3100/oz has mostly gone unnoticed, but is a flashing red beacon that everyone should be heeding.

Flame me all you want, but I'd love to see a 50% correction, and be able to jump back in feet first.


So you want to see people lose much money on their 401k...
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Offline berdie

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Re: Stocks plummet after hot inflation report
« Reply #5 on: March 30, 2025, 07:46:13 pm »
Quote from: catfish1957 on March 29, 2025, 09:56:58 am
This is the most oversold market of my lifetime. When you have blue chips with P/E's 50-100, the risk of the inevitable gravity is always there. The fact that gold is approaching $3100/oz has mostly gone unnoticed, but is a flashing red beacon that everyone should be heeding.

Flame me all you want, but I'd love to see a 50% correction, and be able to jump back in feet first.



Good for you. But many people that are seriously older may not have that luxury. I only check my IRA balance at the end of the month. I think I'll skip it this month. I may do something stupid and move everything to cash...but since the dollar is being devaluated  :shrug:
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Re: Stocks plummet after hot inflation report
« Reply #6 on: March 30, 2025, 09:41:48 pm »
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Offline Timber Rattler

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Re: Stocks plummet after hot inflation report
« Reply #7 on: March 30, 2025, 10:01:45 pm »
No worries...Trump will simply threaten the Federal Reserve and stock traders to force inflation, prices, and the market into doing what he wants them to do, just like he threatened the automobile manufacturers.

 :pootrump:
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Re: Stocks plummet after hot inflation report
« Reply #8 on: March 31, 2025, 02:09:48 pm »
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Re: Stocks plummet after hot inflation report
« Reply #9 on: March 31, 2025, 02:10:20 pm »
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Re: Stocks plummet after hot inflation report
« Reply #10 on: March 31, 2025, 02:11:03 pm »
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Re: Stocks plummet after hot inflation report
« Reply #11 on: March 31, 2025, 02:11:44 pm »
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Re: Stocks plummet after hot inflation report
« Reply #12 on: March 31, 2025, 02:27:06 pm »
Quote from: kevindavis007 on March 30, 2025, 09:41:48 pm
Just a warning:




https://twitter.com/PhilWMagness/status/1906027732351287658

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And we saw this happen once already  what followed the Hoover Administration. And the housing crash in 2008 that ushered in the Democrats and Barack Obama who then  blamed the crash on capitalism.
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Re: Stocks plummet after hot inflation report
« Reply #13 on: March 31, 2025, 02:50:26 pm »
Quote from: kevindavis007 on March 30, 2025, 07:00:30 pm

So you want to see people lose much money on their 401k...

Good investors obsess by watching, tracking, diversifying, and adjusting  nimbly enough to thrive in any market.  If you didn't .....   that's on you.

So no I am unapologetic on this matter. No personal capital that is needed enough to live on, should ever be placed in equities. 
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Offline DefiantMassRINO

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Re: Stocks plummet after hot inflation report
« Reply #14 on: March 31, 2025, 02:58:29 pm »
China, I can see because they don't have a private free market economy.  It was dumb to let a Communist country into the WTO.

Trump's focus should be on deregulation and legislation to lower the costs (mainly time) of doing business in America.

Trump and Congress should designate some Federal lands as opportunity zones free from state and local regulations.

It takes too much time and there is too much uncertainty to build manufacturing facilities in the US.

There need to be Federal zones, especially for industries critical to national, economic, and health security.

Why are housing prices so high in eastern Massachusetts?  Because no one is allowed to build houses by NIMBY town boards.
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Re: Stocks plummet after hot inflation report
« Reply #15 on: March 31, 2025, 03:09:22 pm »
 9999hair out0000 9999hair out0000 9999hair out0000

Am surprised and highly disappointed with this South Korea-Japan-China trade agreement today and my level of bullishness on the Trump Tariff plan is down.  This was supposed to be a leveling operation, but somehow some details slipped through the cracks.

This is an obvious unintended consequence of an apparent mis-step of the guy who promotes the "Art of the Deal". Why weren't Japan and SK schmoozed into some variable or phased enhanced system?  Why wasn't there some report of negotiations, rather than sabre rattling.  Trump had a great strategy and plan in place, but is failing to deliver on his own strategy.   Today showed the world that groups of countries can form regional agreements, and give us the finger.

If he was on his own show, he should Fire Himself.

Today sucks.....
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Re: Stocks plummet after hot inflation report
« Reply #16 on: March 31, 2025, 03:24:21 pm »
As gold reaches its  almost daily new high----  Right now @ $3154/oz.  I hope all  realize that this translates into a world wide devaluation of currencies.

There have been historical events like these that predicated some hyper-inflation conditions.  Hope we see some stabilization soon.
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Re: Stocks plummet after hot inflation report
« Reply #17 on: March 31, 2025, 03:55:04 pm »
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Re: Stocks plummet after hot inflation report
« Reply #18 on: March 31, 2025, 03:58:17 pm »
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Offline Timber Rattler

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Re: Stocks plummet after hot inflation report
« Reply #19 on: March 31, 2025, 04:43:23 pm »
Quote from: catfish1957 on March 31, 2025, 03:09:22 pm
9999hair out0000 9999hair out0000 9999hair out0000

Am surprised and highly disappointed with this South Korea-Japan-China trade agreement today and my level of bullishness on the Trump Tariff plan is down.  This was supposed to be a leveling operation, but somehow some details slipped through the cracks.

This is an obvious unintended consequence of an apparent mis-step of the guy who promotes the "Art of the Deal". Why weren't Japan and SK schmoozed into some variable or phased enhanced system?  Why wasn't there some report of negotiations, rather than sabre rattling.  Trump had a great strategy and plan in place, but is failing to deliver on his own strategy.   Today showed the world that groups of countries can form regional agreements, and give us the finger.

If he was on his own show, he should Fire Himself.

Today sucks.....

So the scales are finally falling from your eyes about this guy?

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Offline IsailedawayfromFR

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Re: Stocks plummet after hot inflation report
« Reply #20 on: March 31, 2025, 04:45:59 pm »
Quote from: kevindavis007 on March 30, 2025, 07:00:30 pm

So you want to see people lose much money on their 401k...
Most 401ks over much time( a decade or more) have gone up 50% or more, so there will be negligible loss.

Only those who got in during the past decade have that exposure.

Stocks are long term investments, not short term, and if one cannot afford a loss over the short term, don't get into stocks.
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Re: Stocks plummet after hot inflation report
« Reply #21 on: March 31, 2025, 04:54:03 pm »
Quote from: Timber Rattler on March 31, 2025, 04:43:23 pm
So the scales are finally falling from your eyes about this guy?

Will be interested to see how he not only spins this, but counters.  But I will admit I am shocked that three of the top 10 most powerful economies in the world (Chicoms, SK and Japan) were able to be wrestled from our sphere (SK and Japan).  I said early on, that this could go either throw us into a golden age of prosperity, or sink us down the abyss of Tariff Hell.  I also knew that this was a delicate and tenuous process that had be done in the spirit of leveling the playing field instead of starting trade wars.   Not many realize this yet, but this is by far, the worst news Trump has gotten so far.

And if this is a World wide trade war, I will become his biggest critic. Your move Donnie.
« Last Edit: March 31, 2025, 04:55:18 pm by catfish1957 »
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Re: Stocks plummet after hot inflation report
« Reply #22 on: April 01, 2025, 12:18:37 am »
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Re: Stocks plummet after hot inflation report
« Reply #23 on: April 01, 2025, 06:38:25 am »
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Re: Stocks plummet after hot inflation report
« Reply #24 on: April 01, 2025, 06:46:42 am »
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