re: Dow Jones down 666. Well that can't be good ! Nasdaq down 300+. Meta down 14 %.

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I do believe the main reason for today’s drop is due to the GDP numbers.

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Agreed. It's easy to deny a shitstorm is coming when there are clear parts in the sky to focus on. GDP dropping so precipitously means more of the sky just got more cloudy for many.



The "dead cat bounce" may well have been Q3 & Q4 of 2023.

My concern is that JPow will try to use the drop as a platform to start actually pushing cuts (as opposed to simply talking about them). Moving to that now would likely just prolong inflation by re-invigorating market optimism (at least until Q2 GDP numbers come out, if they show a continued drop).