Just hit 300.00 exactly according to tradingview. lets see what happens the rest of the day. Wasn't there a member at the old HSM that was all about round numbers?
Hopes for another rate cut increased after IHS Markit’s U.S. manufacturing PMI dropped in July to its lowest level since September 2009. IHS said employment in the sector fell to its lowest level since 2013. Muted client demand and a slower increase in production weighed down the manufacturing space. The Institute for Supply Management’s reading on the manufacturing sector fell to 51.2 in July, its lowest level since August 2016. Economists polled by Reuters expected a print of 52. https://www.cnbc.com/2019/08/01/stock-market-fed-cools-expectations-of-further-rate-cuts.html Looks like this market is hoping for more lackluster economic numbers and more rate cuts
Trump says US will impose 10% tariffs on $300 billion of Chinese goods starting September 1 https://www.cnbc.com/2019/08/01/tru...on-of-chinese-goods-starting-september-1.html Market has lost most of its gains for the day, just up slightly now
China probably will just gamble that Trump won’t be re-elected, I am not really expecting a trade deal before the election next year
Yeah haven’t seen this kind of reversal for a long time Gold went from red to Up well over 1% for the day
haha, hopefully this is just the beginning of things to come this month. the market has been pretty stagnant for a while now. i was thinking this month would be pretty dead absent a black swan event or trump tweet...well sure enough we got the latter of the 2.
