we still haven't hit the largest one day drop of the markets just yet....lol https://finance.yahoo.com/news/biggest-one-day-point-drops-203000848.html
Not sure WTF the big deal is on 25%. For example, this case sells for $1 for a retailer, and sells for $15+. So that means, the buyer will now have to pay $15.25....yeah, that'll break the USA's economy....SMH
concerned? i’d say we should be rejoicing! it’s been faaaar too long since we’ve last seen a bear market, or at least officially. we’re still only off about what, roughly -5% from the ATHs in the cash s&p? this is very much an orderly selloff imho...lets see the vix print a 40 handle.
Its not that we have to pay an extra 25c on a hammer made in China, its all the US companies that sell stuff in China that get hit. Look no further than the soy farmers feeling the pain since China stopped buy soy from the US.
Wow what a selloff today The news are saying that we are asking China to change some of its domestic laws as part of a trade deal and I highly doubt that the Chinese will be willing to do that. The trade deal probably not happening anytime soon
this is like a repeat of last tues. let's see if we get some kind of btfd in the last hour again market map is a sea of red, however defensives like utilities catching a bid. bitcoin on the other hand having another banner day today! up close to +15% and new 10 month highs around 8k
S&P 500 Performance Following 1%+ Lower Opens Mon, May 13, 2019 The S&P 500 SPY ETF opened lower by more than 1% this Monday morning after no progress was made between the US and China on trade. When SPY opens down 1% or more, how does the ETF typically perform during regular trading hours from the open to the close? Since 1993 when SPY began trading, the ETF has averaged a decline of 0.27% from the open to the close when it opens down 1%+ on a Monday morning. As shown in the chart below, Monday is the worst day of the week for a 1%+ open lower. When SPY has opened down 1%+ on Tuesdays or Fridays, it has actually bounced back very nicely throughout the trading day with an average open to close change of ~0.50%. On Wednesdays and Thursdays, the open to close change is basically flat following a 1%+ gap down. Based on historical price action, big opens lower on a Monday typically see continued selling throughout the trading day, while Tuesdays and Fridays see buyers step in.
Well doesn’t look like we will get a significant bounce before the close, we are on track for the worst day since early January I believe
Market pretty close to LOD. Traders seem to be putting money in less volatile like utility, XLU is trading at close to HOD and up almost 1% for the day
Been seeing a lot of stats, eg down 2% in a day / down 5 days in a row while above 200 sma, that point to us being up 5 days later. Makes sense, the tariffs haven't kicked in yet not until the barges make it over the sea, supposed to take ~20 days. News (which are stat agnostic) can explain away the bounce as softening in tariff fears because they haven't started yet so there's still hope.
