I disagree on the pricing in thing. We saw the headlines from all the pundits yesterday claiming that the record-point rise in the Dow, and the amazing jump in general yesterday across the equities, was due to an expected rate cut. So it happened today, and so if it was priced in, markets should have been flat today, yes? Or was the drop because peeps were expecting it at the meeting in two weeks, and not in a panicky emergency cut that we had today? So hard to tell with these bits. I'm of the opine that the emergency cut wasn't needed. We could have waited for 2 more lousy weeks! Now pardon me while I down some Purell shooters mixed with whiskey. P.S. for extra safety, I'm shoving Zyrtec/Zicam swabs up my ass. You know, for added protection.
I think it’s like a sell the news event. They unloaded shares into a buying surge. I edited my previous post to mention that the daily trend is still up. Yesterday’s high was broken. Stay disciplined!
I dunno man. If you extrapolate the past 10 trading sessions, the trend is down, as yesterday was an aberration. Perhaps today was as well?
Here’s the deal. The boys you want to watch are at the Sunday night globex open level. If they bail it’s going to get ugly. I think a higher high today is a sign of strength. No guarantees.
That's forever and a day from now, hehe. We gots ADP tomorrow, and NFP on Friday. Those numbers will be crucial methinks.
Biden looking strong so far and the market likes it. Can’t overlook this stuff Who says you can’t get good advice on this site. I keep rolling it out.