I hope those major economic data moves the market. There were many instances where the market was rather immune to major economic data release.
Too late, in boots and all short atm, no intention of wussing out either, bollocks to flip flopping around..."will I, won't I." Sitting tight come hell or high water.
This is called the "Availability Bias." (Overemphasis on most recent data and thinking each tick provides worthwhile new info). We may still have much more to go on the upside in this move off last week's lows but the morning prediction wasn't based on anything but the bias and emotion. Best wishes!
New stimulus bill includes free money, yes more $600 a week unemployment enhanced benefits on top of the already weekly unemployment benefits they are already receiving, so that means people making more money at home than actually working. This would run to January and then another long extension into 2021 because free money needs to be continously printed to keep the economy running, without stimulus the economy would fall into a depression so they know more trillions of unlimited stimulus is here to stay. Stimulus Update: $2.2 Trillion Stimulus Package Proposal Unveiled, Includes $1,200 Stimulus Checks And $600 Unemployment Benefits https://www.forbes.com/sites/shahar...timulus-checks-and-600-unemployment-benefits/
Ok here we go again, bought inverses yesterday and scaling in more today. SQQQ TZA UVXY etc Go bears! Yesterday a cnbc commentator said short interest in Nasdaq at 14 year highs (something like that)