The_Brand94
Oct 19, 8:48 PM
$ET Anyone else have any bright ideas to the weakness for the last 5 weeks or so? I’m scratching my head because unless there has been some demand destruction, maybes it’s just people pricing in rate hikes? But they are pricing in rate hikes without accounting for earnings growth. At least that’s my opinion and I also think this next earnings report will be a blowout the same as last quarter. The uncertainty and rate hikes don’t really jive with a near 7% to 10% drop over the last month. If we are hiking rates because of the price of oil and then the war ends, does it still drop because oil tanks? Like the decision process here to for institutions to trim or accumulate is dumb in my opinion.
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