Indeed, wtf is with the buying spree on tech? I thought Monday and Tuesday were the recovery from last Wed-Fri, and today would have been a breather drop. NOPE! Instead it is the DOW that is the sucker long play this week from then. I hope the Boeing MAX recerts go well, that would help bring the DOW back in sync with the other two majors.
Markets already up premarket ahead of job numbers. Going to surge after announcement. Probably a 2%+ gain. More free money.
Free money Dow Jones 30 25,800.0 DERIVED 05:13:25 | Futures +225.0 +0.88% S&P 500 3,122.88 DERIVED 05:13:24 | Futures +19.78 +0.64% Nasdaq 10,317.50 DERIVED 05:13:25 | Futures +48.75 +0.47% SmallCap 2000 1,437.90 DERIVED 05:13:29 | Futures +13.60
Heard the job numbers are so hard to predict that the job gain range is from a gain of 2 million to a gain of over 7 million jobs!! It doesn't matter because markets will surge 1-2% even if job numbers show a loss of 1.78 million jobs.
Crazy statistic Netflix Google Amazon Facebook Apple Microsoft They now make up 24% of s$p....6 stocks 24%%%%% And these 6 stocks are bigger than 3 entire sectors Industrial Retail Energy YEP market is literally moving on a handful of stocks.
Unlimited gains. No such thing as down in a fed fueled stock market. And the funny thing is even when unemployment does drop below 6,5,4% the fed will still be back stopping the market....non stop fed action no matter how strong the economy becomes
I’m afraid the strong, unprecedented Fed intervention in 2008 and the subsequent QE interventions has only emboldened Washington. The stock market went on a historic bull run - and many economists believe that the Fed actually MADE money for the Treasury through it all.