20% by year end? Booked! Might even push that to 25% with today’s news on inflation. If we get 2 75pt rate hikes between November and December, we could see 30-35% down by y/e ’23.
This is getting weird.[/quote]
20% in real value or 20% in nominal value? If the actual price drops by 20% then the real drop is something like 28% taking inflation into account (over the year).
Even the 15% drop mentioned above is actually more like 19% considering our inflation rate over the last 6 months.
There is no reason why we have had any increase in the real value of the stock market, or housing since the beginning of COVID. COVID should have cratered the economy. Instead, the government just made up trillions of dollars. Inflation will make that ‘money’ disappear.
