Conditional questions are unanswerable. But in their indeterminacy, they highlight the fact that trying to time or game the market might not be the best idea.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribea stopgap government funding bill on Saturday. President-elect Donald Trump and Elon Musk thwarted an initial, negotiated funding plan Wednesday by harshly criticizing its provisions, and specifically insisted on suspending the U.S. debt limit for two years.
Giving slight credence to that train of thought, Chicago Fed President Austan Goolsbee told CNBC's Steve Liesman he's hopeful November's inflation reading"suggests that the couple of months of firming were more of a bump than a change in path." In other words, the economy is"still on path to get to 2%," said Goolsbee.in July that the central bank would be"data dependent, but not data-point dependent" in determining when to cut rates.
Those questions are rhetorical. Conditional questions are unanswerable, especially in markets. But in their indeterminacy and circuitous nature, they highlight the fact that trying to time or game the market, especially in volatile times like these, might not be the best idea. Instead, dig deep into the fundamentals — earnings, cash flow, future income — which sway stocks even as inflation and interest rates rise and fall. Remember the days when inflation reports and Fed meetings were just another day in markets?
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