STOCK MARKET WATCH -- Tuesday, 21 March 2023

[Tansy_Gold]

STOCK MARKET WATCH, Tuesday, 21 March 2023

Previous SMW:
SMW for 20 March 2023




AT THE CLOSING BELL ON 20 March 2023


Dow Jones 32,244.58 +382.60 (1.20%)
S&P 500 3,951.57 +34.93 (0.89%)
Nasdaq 11,675.54 +45.02 (0.39%)

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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're to believe the opinion of the U.S. Supreme Court Justices, their only concern was with the voters whose rights, they claimed, were negated by a violation of the equal protection clause resulting from the differing standards to count votes in various counties of Florida. Nowhere do they utter one word of concern for George Bush's rights or say that his rights were violated. Yet they resolved the matter by denying all the undervoters in the state of Florida (the ones they expressed so much concern for) the right to have their votes counted, and gave Bush, whose rights they never once said they were trying to protect, all the benefits from the alleged discrimination against the undervoters. Is there something wrong and crazy going on here, or am I just getting old?

Vincent Bugliosi. The Betrayal of America: How the Supreme Court Undermined the Constitution and Chose Our President. Nation Books. © 2001.

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. Many stocks on death watch

I see some major companies trading in a range 3 month period after 3 month period. Debt on the balance sheet and poor prospects are burdening secondary issues. ETF's and mutual funds are also range bound, if you look at the charts over the last 12-18 months. Consumer spending is doing ok, considering inflation, because it's buoyed by jobs. But a Fed-induced cyclical recession is necessary to tame inflation, and we are going there, in about 18 months, just prior to Election Day 2024. These patterns were oblique at one time. Now all the gurus blast their opinions, as does MSM, the Fed is more transparent, and there are 50 years of modern economic, business, political, interest rate, and technological cycles to flesh out the pattern. Buckle up. It won't be too bad, there are side gigs nowadays, and consumers will spend no matter what.

[Tansy_Gold]

2. "There are side gigs nowadays."

Scary thoughts, but not unexpected.