I knew the SVXY ship wouldn't set sail without me lol, earlier this week I closed out the position I was building...thinking it is probably about time to start entering it again now. I'll do the same as last time and start entering across a few days given the decent fluctuations. What are you all thinking for the rest of the year? My guess is a bunch of churning around this area and probably not really going very far either way. I am back up to 56% stocks in my 401k now. Probably still going to slowly start moving in the remainder out of the stable value and back into equities if we have any more dips. I don't necessarily think the market is going to do great, but I don't want to be wrong and miss the train. Besides it is a 401k, not a trading account. If I entering the remainder now I'll beat the market by a little over 5% for the year...acceptable lol
173k...lot less than 220k expected hourly earnings higher though at 0.3% v 0.2% expected bit mixed unlikely rate increase in sept... expect ES to be a little lower today
manufacturing employment much worse than expected -17k v +5k expected....is US heading towards recession?
June and July numbers were revised upwards by 44k, so the numbers are actually not that bad. Judging from the way the dollar is moving I think the fed might move this month, its still 50/50 at this point.
shorted a little oil after numbers came out (brent 50.25) on thesis that US heading towards recession
The better raise rates and keep raising them, they are going to get caught in a bad situation if they continue to wait.
You know the drill people, market had been down well over a 200, but we are now WELL OFF THE LOWS....