I know the market is not the economy, but these are huge signals that people simply don't have money to spend or invest. How may this impact the overall stock market? What specific changes in allocation have you made?
Auto repossession are the highest they've been since 2008. Home foreclosure are up. Signals?
byu/redspot321tos instocks
Posted by redspot321tos
3 Comments
Im just going to keep buying my index funds and in very specific cased, scoop up some individual companies as well
The people that this is impacting weren’t moving the needle in a meaningful way to begin with unfortunately. We’re in a K shaped economy and the people doing well have more than enough to make up for it. Only change I’ve made is to raise my contributions every year when I get a raise.
Mortgage rates are down. Stores are busier than ever. For people with money in stocks they are better off than average joes already. There is no reason for retail traders to initiate or persist in selling.