it's going to be lower than it was a few days ago, the Joever economy is in full swing so get ready for a lot more carnage coming up.
I'm not an expert on the markets but I've spent many hours learning and we are in a very risky and unpredictable time. If you have a portfolio just on autopilot you should be checking now and making sure you're ok with the risk. Trump's economy is a distant memory now and there's all kinds of potential trouble on the horizon.
Basically Trump pushed the federal reserve to lower interest rates to very low rates. Lower rates usually mean that the stock market will rise as money is "cheaper" to borrow so businesses can borrow more for growth and investors can borrow money to invest in the market. The lowering of rates had the expected effect and the market roared back after the initial covid crash.
Now that slow Joe is in he can't say no to his masters and his masters include the fed so they are raising rates and this is going to likely crash the stock market. We may be seeing the beginning of this today with the market downturn but only time will tell.
America is going to become third world
Time to figure out how to regain independence from foreign powers.