What I Am Buying Today.

[fenders53]

It's not all news.  Tax loss selling the small spec stocks with no earnings.  Big money locking in their profits for end of year reports.  Some of the charts I watch look like a big boy has a limit sell order in, blocking any rally at the same price for days on end.

Market won't like higher rates, but will get used to a half point increase.  US debt ceiling will be raised.  The one thing that would scare me is large countries locking down ports or manufacturing.  It will lead to further supply  chain issues and more inflation.  If inflation stays too high then interest rates will rise.  FED controls short term rates and they have to stop buying bonds.  Market is not going to loan longterm money at 3% much longer if they believe inflation is stuck at 4-6% for years.  Companies with big debt will suffer.  That isn't  different this time.  It's all noise until we lose control.  

That's my 2022-23 wall of worry.    Market is just being the market right now.  We could still rally by end of year.