It’s amazing how this market is moving. First we get all kinds of bad news about the economy in the first quarter and the market takes off.
Now we get a signal that the economy may be getting ready to take off and the market drops. I don’t believe Argentina is a causative factor. That had to have been built into the market projections prior to today.
Is it because the Fed is talking about raising interest rates? They had to know that was going to happen sooner or later.
Are they going to blame Israel for the war?
I agree they are going to try to soften the fall. My fear is that they are going to lose control and it’s going to be a hard fall. The mob mentality may take over. They don’t have too many bullets in the gun left to control the market.