Hacker News Reader

Someone still thinks markets have to reflect the state of the economy?

To put it simply, bad economy = more volatility. There's a reason ETF's are mostly fine when the economy sucks, because they don't bet on volatility.

Day traders who are now betting their <25k savings on a random ticker aren't safe, though.

Bad economy means the interest rate will be cut which means higher stock valuations. Bad economic news is good financial news.

It would be easier to cut if inflation wasn't already rising due to increasing energy costs.

Now central banks will be in a bind.