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Looks like the selling stopped finally late in the day, hope that lasts.
Quite a drop in the last few days. I'd like to think that with all those institutional investors they'd rather not reverse split at the moment, however maybe there's a rumor of just that going around.
"Biggest-Ever Mega-Adjustment of Health Insurance CPI" skewed last Thursday's inflation report to look better than it was. https://wolfstreet.com/2022/11/10/services-inflation-spiked-to-second-highest-in-4-decades-would-have-hit-new-high-if-not-slowed-by-biggest-ever-adjustment-of-health-insurance-cpi/
"Consumers’ median inflation expectations for one year out, after dropping three months in a row, jumped by 50 basis points, to 5.9% (red line), according to the New York Fed’s Survey of Consumer Expectations today." https://wolfstreet.com/2022/11/14/inflation-expectations-throw-a-curveball/
"A massive mega-adjustment by the Bureau of Labor Statistics in the CPI for health insurance..." was by far the difference yesterday. https://wolfstreet.com/2022/11/10/services-inflation-spiked-to-second-highest-in-4-decades-would-have-hit-new-high-if-not-slowed-by-biggest-ever-adjustment-of-health-insurance-cpi/
My pleasure LD, it came as quite a surprize to me. Looks to me like it's being kept out of the media as much as possible.
Man the democrats must of really wished that publicity about inflation came out a week ago, then again Powell is a confirmed Republican.
"A massive mega-adjustment by the Bureau of Labor Statistics in the CPI for health insurance..." was by far the difference today, but it was expected by the pros. https://wolfstreet.com/2022/11/10/services-inflation-spiked-to-second-highest-in-4-decades-would-have-hit-new-high-if-not-slowed-by-biggest-ever-adjustment-of-health-insurance-cpi/
"A massive mega-adjustment by the Bureau of Labor Statistics in the CPI for health insurance..." was by far the difference today, but it was expected by the pros. https://wolfstreet.com/2022/11/10/services-inflation-spiked-to-second-highest-in-4-decades-would-have-hit-new-high-if-not-slowed-by-biggest-ever-adjustment-of-health-insurance-cpi/
Looks like retail stock investors are not buying dips as much anymore - https://finance.yahoo.com/news/doomed-stock-rally-burns-fewer-201810307.html
Looks like retail stock investors are not buying dips as much anymore - https://finance.yahoo.com/news/doomed-stock-rally-burns-fewer-201810307.html
What nice trading LD!
Disclaimer: The following may or may not occur: ( 6/24/22 article.)
"Recent rebalances have been positive for stocks, and that could mean this one will be as well, he noted. For instance, near the end of the first quarter, the market was down about 10%, and there was a significant 7% rally in the final week heading into quarter end. The same type of move also happened in the smaller May rebalancing, when stocks rallied about 7% going into the month end after a decline of about 10%."
“It is happening in a period of low liquidity. On top of that, the market is in an oversold condition, cash balances are at record levels, and recent market shorting activity reached levels not seen since 2008,” Kolanovic added."
https://www.cnbc.com/2022/06/24/quarter-end-buying-may-lift-stocks-higher-before-the-next-market-storm.html
I wonder if they're right:
"The S&P 500 bottom-up target price. vs. closing price over the past 12 months.
J.P. Morgan strategist Marko Kolanovic indicated in a note to clients Friday that U.S. equities may climb as much as 7% next week as investors rebalance portfolios amid the end of the month, second quarter, and first half of the year.
“Next week’s rebalance is important since equity markets were down significantly over the past month, quarter and six-month time period,” Kolanovic said. "On top of that, the market is in an oversold condition, cash balances are at record levels, and recent market shorting activity reached levels not seen since 2008."
https://finance.yahoo.com/news/what-to-know-this-week-in-markets-june-27-184417186.html
Calendar of events for this upcoming week (further down in the article): https://finance.yahoo.com/news/what-to-know-this-week-in-markets-june-27-184417186.html
Calendar of events for this upcoming week (further down in the article): https://finance.yahoo.com/news/what-to-know-this-week-in-markets-june-27-184417186.html
Calendar of events for this upcoming week (further down in the article): https://finance.yahoo.com/news/what-to-know-this-week-in-markets-june-27-184417186.html
I believe a recession is defined by two consecutive quarters of negative growth, please correct me if I'm wrong....wellllllll...quarter 1 of this year was negative growth, so if quarter two is negative also...the recession has arrived and few are even mentioning it.
I should note that most analysts I'm reading are expecting a small positive reading for this quarter.
So does this latest Bear Market Rally end at the end of this quarter, or June 29th?
I believe a recession is defined by two consecutive quarters of negative growth, please correct me if I'm wrong....wellllllll...quarter 1 of this year was negative growth, so if quarter two is negative also...the recession has arrived and few are even mentioning it.
I should note that most analysts I'm reading are expecting a small positive reading for this quarter.
Congratulations on the nice trade!
Thanks guys on your Powell and inflation input (and everything else!)
A bunch closer now.
Volume for this ETN has picked up in recent days.
How soon are we in the fours I wonder?
Yesterday it was up significantly A/Hs, I'm so glad I didn't buy then as it sure dropped a lot (along with the markets) today.
Wow, interesting information Agoura Guy.
Yesterday's rally was after a 10% drop in the S & P (and Powell's actions of course,) I wonder if there's another quick 10% drop in the S & P 500 there will be another short term bounce.
A concern I have about that article is that neither person in the article mention the actions of the Federal Reserve, sounds to me like they are mad at the US Government about rules and regulations their corporations need to deal with.
By being this late to the game I think one of the things that republican Powell wanted to do is hurt the democrats' chances of winning the House and the Senate.
Happy to hear you got those S shares LD, wish I did.
FNGU - Bank of Montreal MicroSectors FANG Index 3X Leveraged - I'm watching that, I haven't traded it yet. It's a bunch cheaper but has less volume. https://finance.yahoo.com/quote/FNGU?p=FNGU&.tsrc=fin-srch
China could attack Taiwan in some manner this year, I'm seeing some financial analysts discussing that as a more serious possibility lately.
"The week ahead may all come down to what Federal Reserve Chairman Jerome Powell has to say at 2:30 p.m. Wednesday afternoon."
https://www.cnbc.com/2022/06/10/fed-will-raise-raise-rates-next-week-but-powell-may-matter-most.html
Rate hike to be announced next week, I don't know which day. Best wishes for everybody's weekend.
My rough calculation puts the start of a bear market (again) when the S & P 500 once again this year gets to 3,837. I likely am off by at least a bit.
Will there be another bounce when and if it does get there?
I would guess it would have to go lower than last month for a bounce but folks I am no expert and could easily be wrong.
I would be grateful for any input.
Nice trade LD.
Traders have been waiting all week for tomorrow's report.
I'm seeing that TDAmeritrade has a variety of alerts, I'm going to give them a try - https://tickertape.tdameritrade.com/tools/how-to-set-alerts-stocks-17467
I'm seeing that TDAmeritrade has a variety of alerts, I'm going to give them a try - https://tickertape.tdameritrade.com/tools/how-to-set-alerts-stocks-17467
Hello, do you have a favorite website that before the bell concisely wraps up major events affecting the NASDAQ for the day?
Thank you DiscoverGold for this board, it offers great information.
Good thing you got out yesterday, nice work.
If only there was some way to definitively get more luck for those who aren't rich.
Nice trading!
Great post, thanks!
Am seeing some pros claiming this rally could last a while, I suspect that's because they're back in for a while. What's a while though.
This is a weird one IMO.
A very interesting possibility indeed LD.
Apparently there is a fairly regular bear market rally historically after the S&P 500 first enters Bear Market which it did for less than a day something like a week ago.