Just wondering if the FBI corruption tanked the market? If so that implies some serious problems we do not even know about.
Could have influenced it a little, but let's face it, the market has melted up for some time now. Eventually a correction is due. Also, the GDP forecasts and actual wage growth (2.9%) are big enough to cause worry about the FED raising rates to cool it down.
if you look at all the sell offs in the market over the last year, you see they are all related to some political event...ignore at your risk...may not like it, but it is waiting to sting...
In part, but also rising Treasury rates. DB and WFC not looking good either. Both were down over 8%. Plus the market got too far above its moving averages - overextended. How do you separate the events effect on the market?
It sure didn't help, but the market was already in sell off mode in the previous 3 days. On the weekly chart we went vertical, and that usually means a large drop off...
This is just a minor storm in a cup of tea, it should probably be over by wednesday next week. Look at how stochastics behaves ... like Pekelo mentioned the weakness was allready in the market for over three days. NFP didn't exactly help things either ...
All the selloffs? There hasn’t been a single selloff in the market in the last year until this week. Not one
I guess we have different opinions on what constitutes a “selloff”. The market had not dropped more than 4% in over a year and a half. That’s the longest period in 50+ years.
Ya mean the fake news FBI corruption memo. Nah it was the "keep it real" news bond market. No free lunch.