STOCK MARKET WATCH -- Thursday, 17 August 2023

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 17 August 2023

Previous SMW:
SMW for 16 August 2023



AT THE CLOSING BELL ON 16 August 2023


Dow Jones 34,765.74 -180.65 (0.52%)
S&P 500 4,404.33 -33.53 (0.76%)
Nasdaq 13,474.63 -156.42 (1.15%)

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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:

If we have abdicated our birthright to scientific progress, we have done so by moving the debate into the realm of political and cultural argument, where we all feel more confident, because it is there that the Gut rules. Held to the standards of that context, any scientific theory is turned into mere opinion. This is how there came to be a "debate" over the very existence of global warming, even though the considered view among those who have actually studied the phenomenon renders the debate quite silly.

Charles P. Pierce. Idiot America: How Stupidity Became a Virtue in the Land of the Free. Doubleday. © 2009.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Market is sick and will remain on a steady bleed

We have the pending Trump GA arraignment, the 9/11 anniversary, the Budget Deal 9/30, UKR war. We are in for a rough couple months. I think.

[Tansy_Gold]

2. I think you're right. However. . . .

. . . this might also be a good time for The Administration to vociferously remind people that the stock market is not The Economy.

The arraignment of a bunch of criminals in Georgia isn't going to have any effect on jobs or the price of groceries. The 9/11 anniversary won't provoke a spike in the price of natural gas or home heating oil. A budget impasse may impact a few things, but that's entirely GQP-induced. Blame them and blame them repeatedly and loudly.

[Warpy]

3. The market is hyperinflated by the billions stolen during the last

administration, the scale of theft one that would make the Russians blush.

[roamer65]

4. The Federal Reserve is going to overshoot again.

Shades of 2007-08.



China is on the edge of a financial meltdown from the news I am seeing.