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What has happened in previous corrections? There is the most probable answer to your question. Too many factors to say as a blanket statement that all durable goods or consumed goods, or any sector, will as a whole go up or down, though.
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What drop? The market seems to be on steroids
Seems to be teetering on bearish territory as of late. We are overdue for a correction. Not sure what the OP is looking for there.
Wondering what direction everyday goods will go. Food, gas. Slightly more durable products like tires. Other durable goods like lawnmowers, cars, trucks. If this indeed is the correction that has been expected by some. What will happen in a 6 month window and longer?
What has happened in previous corrections? There is the most probable answer to your question. Too many factors to say as a blanket statement that all durable goods or consumed goods, or any sector, will as a whole go up or down, though.
My shot in the dark estimate is that any correction right now, given the cause of the correction being China mostly right now, it may be deflationary for a lot of things. China has already devalued their currency which will make chinese goods cheaper, and if their economy is sputtering, then that could very well mean a highly significant decrease in consumption from Chinese consumers. Less demand, lower prices.
We've already seen and are still seeing huge decreases in the prices of oil as well as gold/silver. China's economy has been a huge factor in the INCREASE in demand/price for these items over the last decade. It will be interesting to see what happens. Hopefully this doesn't kill our economy as well.