The stock markets are trading much lower at 2:15 pm EST. The main factor for today's lose is the PPI came out this morning. "Inflation" is coming. Is this the same as the "boy who cries wolf" effect? Sure we can see the price of oil is much higher than 1 year ago, as well as the gold price, but wage has not kept up the violatile energy cost. People are talking about summer vacation postponed, and they showing less time at the retailers. If the spending is slowing down, how can price continue to go up to stimulate spending?
I think the FED should stop the interest rate hike now, otherwise, we can see the economy will be going down hill from here. Maybe the prediction for the stock market is right, it is predicting slower spending which will reduce corporate earning, and it will bring down the stock prices.
It is not the right time to buy any stock right now. Hold on to your cash now.
Today's Stock Movers at 2:15 pm EST
Volume Momemtum Compared to normal days:
(Stock), (price), (+/-), (volume compared to normal)
Stocks Up:
(HPQ) 32.16 +1.05 +282
(ARP) 36.95 +0.95 +101
(BIDU) 83.90 +1.23 +82
(MORN) 46.00 +0.54 +58
(ZUMZ) 32.82 +0.58 +50
Stocks Down:
(SI) 86.20 -3.86 +537
(LCRD) 16.36 -2.04 +466
(MC) 22.36 -0.65 +332
(VSAT) 26.34 -1.56 +322
(FFIV) 51.58 -3.52 +296
Tags: stocks midday
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