STOCK MARKET WATCH -- Thursday, 18 May 2023

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 18 May 2023

Previous SMW:
SMW for 17 May 2023




AT THE CLOSING BELL ON 17 May 2023


Dow Jones 33,420.77 +408.63 (1.24%)
S&P 500 4,158.77 +48.87 (1.19%)
Nasdaq 12,500.57 +157.51 (1.28%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

When a sizable part of the population will accept the persecution of virtually anyone, it can signal a potential dictator to strike. When these submitters justify the persecution to others at the water fountain and the gym, they apply benediction to soul-destroying injustice. When they participate in the prosecution by betraying their friends and neighbors and go on raids to help round up the people being prosecuted, they give a despot the essential tools he needs to enforce a reign of terror across a nation. And when they approve of torturing and killing “enemies of the state” because their leader requires it, they have meekly given him everything he could want.

John W. Dean; Bob Altemeyer. Authoritarian Nightmare: Trump and His Followers. Melville House. © 2020.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Growth stocks are drubbing value stocks

I think it's because this economy will not pause. You can read that several ways. The Fed has printed so much money over the last 14 years, or 24 years if you like, that is has lost effective control of spending, money creation, purchasing power. Or it could be the Biden economy, which has the benefits of the various factors that led to the gig economy, remote work, and corporate expansion into every small town in the land. Either way growth is all anyone wants, and paying for it they are.

[Tansy_Gold]

2. Growth for the sake of growth . . . .

. . . is the ideology of the cancer cell.

Edward Abbey