The bonds sold off significantly, and the stocks did not rise significantly, and in fact tried to end in red territory shortly before the close, and were in the red in after hours. Was the rate hike of the last meeting a main factor in this? Would this lead to a correction?
Look at that 10 year yield run and run and run Now jpm says "full blown trade war" with China...hahahaha...yep...and tomorrow the markets will rally 2% on news that the trade war will be easy breezy!!! JP Morgan downgrades China stocks, predicts 'full-blown trade war' with US J.P. Morgan lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade conflict will affect China's economy next year. “A full-blown trade war becomes our new base case scenario for 2019,” emerging market strategist Pedro Martins Junior says. https://www.cnbc.com/2018/10/04/jp-...ks-predicts-full-blown-trade-war-with-us.html
Everything looks to be teed up for the overnight ramp up. Seen this so many times, watch the overnight magic.....futures float up tonight like magic.
So funny listening to CNBC say every 5 minutes....The Dow had been down 357 at it lowest but is only down 190 as we head into the close......Same stuff over and over and over.
Holding long S&P and NASDAQ, Nasdaq rallied 1% off the lows already almost! I am sure the Chinese will say something good overnight to get the market rallying