January 12, 2023
- Real Estate is still slow to come down.
- S&P interestingly dropped more than small cap stocks.
- Tech stocks have dropped the most since the last announcement.
- Bitcoin and Ethereum have fared much better than the traditional markets.
The Dollar has considerably weakened along with the significant drop in the S&P 500. Federal rate hikes are a mixed bag: they are doing what they are supposed to do which hurts in the short term, but is meant to help inflation over time. As bad as inflation might be, it could be worse. As a side note, the cryptocurrency markets are experiencing a rally after a long 2022.
The Consumer Price Index (next release Feb 14, 2023) is a fast-moving measure of the broad inflation rate in the US economy.
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