In the financial markets, the Fed has made it absolutely clear that it will be making the fight to decrease inflation a priority. As a result, financial securities have flagged, due to the squeeze of the constant increase in the federal funds rate. Financial markets can possibly pose a threat to not just the economy, but can possess a “spill-over effect” in which individuals who are lacking the right healthcare could gradually increase their risk of delaying the right care that they need, due to both increasing variable and fixed costs. Thus, this can have negative somatic effects for some individuals and households.
There are some households, however, that through a fortuitous fluke, can cover and go onward through the rising costs due to basic good luck, such as winning the lottery or through a good job. The real question now remains: how is the Fed going to manage the “landing” of inflation and to try to not raise rates too high? Managing such an apocryphal “foe” has definitely increased the level of uncertainty in the financial markets. Tyro traders, who use to pride themselves next to their computer desks, decorated with ambient lighting, sometimes with a toy that would symbolize a sense of ostentation, now have capitulated and are now either applying for a job and/or going into self-employed work with much lower expectations. Such surrender during these times are both apposite, but also occur in trends as no one wants to be the first one to admit the journey in trading or in entrepreneurship isn’t working. Perhaps, these traders now can take a step back and two steps forward, mitigating any verisimilar trends that seem so mellifluous on the surface, but squalid at its core.
Prior to the apex of cryptocurrencies, traders would definitely talk amongst themselves, whether it was on a social media platform or even in the chat box of Robinhood Trading. These garrulous and, at the time, enthusiastic traders would lambast or laud each other. There were those traders that would ask for advice, those that would only try to rub in the feelings of greed or fear, or those that would just brag about their last trade. Whether or not these traders remained completely disciplined behind the scenes is unknown, but certainly the spread of “holding the line” in their Wall Street Bets caused the managing directors who were looking to short a financial security to fulminate all the more. The style of these traders were analogous to impish children, either giving a diatribe to others with an act of hegemony or gambol along in an act of such impudence and rakishness.
Now that they are back to heal the possible relational and emotional abscissions that their family and friends have experienced from their downright trading arrogance, hopefully their next job will teach them a lesson on how to become less truculent towards others in their quest to improve their financial position.