Replies to post #163427 on SPDR S&P 500 (SPY)

[DownWithPumpers]

and why many here believe the markets may have nasty correction/bear as Fed is out of ammo!

Every day the Federal Reserve intervenes to raise interest rates, and remove liquidity from the system. They've been doing it for many months.

Yesterday it amounted to 146 billion, 257 million dollars.

The market is at a multi-week high at the moment.

The Fed needs no ammo. Knowing that requires no believing.

https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE

[gdl]

Please look at July and August. Were up big. Both wages and spending. Sept was below expectation but average out the year trend and it is very healthy. All the report means is that jobs and wages will not accelerate anytime soon. With the 7 year market strength this is good news for investors. Zer rates is always good for stocks excluding banks.

If downside trend continues we should see more problems. Way too early to make that claim.