Like magic Dow futures recover from earlier losses, turn positive on coronavirus vaccine news and jobs data PUBLISHED TUE, JUN 30 20206:03 PM EDTUPDATED MOMENTS AGO Futures on the Dow Jones Industrial Average traded just above the flatline after dropping more than 200 points earlier in the session. S&P 500 futures were also marginally higher while Nasdaq-100 futures were flat.
Dow futures were flat, went to -215 later Looks like the high of the day will be made in the first hour
I’ve called it 10 times . Were entering the 30-90 day window of positive vaccine news . We’ve hardly pulled back after the greatest 60 day run of all time . I won’t hold a short more than a few hrs with tight stops . We have $5 tril in money funds, a fed who’s printed $4 trillion , and massive stimulus . We’ve gone sideways for 4 plus weeks . They want to jump hard long and chase if we start running .
It sounds morbid but people want to be positive so bad about something and stocks are it right now . There having fun trading. It sounds crazy and has run threw my mind a few times . Maybe the real bear starts in 2021 if Biden is elected and there’s a vaccine . Then the hard reality hits of the devastation to business’s and taxes head up . Just a thought
Tomorrow's jobs numbers will probably boost equities 1%++ Negative or positive markets don't care, as long as fed is printing money maekets will only keep gaining and gaining. https://www.cnbc.com/2020/07/01/job...-rehiring-ahead-of-the-latest-virus-wave.html