I was wondering why healthcare stocks doing so poorly today, looks like they are saying this is the reason Health Insurers Hit With Bernie Sanders Leading in Iowa https://m.investing.com/news/stock-...t-with-bernie-sanders-leading-in-iowa-2058297
JPM with crazy earnings....maybe their cocaine trade helped?... Ship seized in $1.3 billion cocaine bust is owned by JP Morgan Chase https://www.cbsnews.com/news/ship-s...erXP4nrd7_hRkoZxt2Wqwj8RXvhGgynHkcBfGMcPkSLaY
Three Months And Counting Since Last 1% Decline Tue, Jan 14, 2020 It has now been over three months since the S&P 500's last decline of 1% or more back on 10/9. While it seems like an eternity, the current streak of 67 trading days is nowhere near any sort of record on either a long or short-term basis. The chart below shows historical streaks without a decline of 1%+ for the S&P 500 dating back to 1928. The record for the longest streak was back in 1963 when the S&P 500 went 174 trading days - a full eight months - without a 1% drop. Even more impressive is the fact that in both the 1950s and 1960s there were numerous streaks of 100 or more days. For a decade that is looked back on as one with a lot of upheaval in the US, the 1960s was a period of relative calm for the equity market. More recently, the current streak of 67 trading days doesn't look all that impressive relative to streaks we saw back in 2017 and 2018. Right after the election in 2016 and into March of 2017, the S&P 500 had a 109-day streak without a 1% decline, and then from late 2017 through January 2018, there was another streak of 112 trading days without a 1% drop. Even in October 2018, there was another streak of 74 trading days. In other words, in just the last three years there have been three longer streaks without a 1% decline than the current one. In the S&P 500's history, there have been 26 other streaks that have been as long or longer than the current one, and half of those went on to last at least 100 trading days.
Stocks drop from record highs amid report US will keep China tariffs through 2020 election https://www.cnbc.com/2020/01/14/dow-futures-q4-19-bank-earnings.html
Fed Adds $82 Billion to Financial Markets Amid Demand for Longer-Term Liquidity Big banks' demand for longer term Federal Reserve liquidity flared up again on Tuesday. The Federal Reserve Bank of New York said it intervened twice via repurchase agreements, or repos. Eligible banks draw $47 billion in overnight liquidity from the central bank, less than the $120 billion the Fed was willing to provide. But the 14-day repo saw banks offer the Fed $43.2 billion in securities, against the Fed's $35 billion cap. Collectively, the Fed added $82 billion in temporary liquidity to the financial system. On Monday, the Fed had added $60.7 billion overnight liquidity. Fed repo interventions take in U.S. Treasurys, agency and mortgage bonds from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities. Banks eligible to access these operations -- the firms are called primary dealers -- are limited in the amount of liquidity they can tap from the Fed. The banks pay interest to the central bank for accessing its money. The amount of money added by the Fed isn't cumulative, as older operations may be maturing. When the Fed last updated information on its holdings on Thursday, it said its balance sheet stood at $4.11 trillion as of Jan. 9, versus $3.8 trillion in September. About $210.6 billion in repo interventions were also outstanding then. Fed repo interventions are aimed at keeping the federal-funds rate within the 1.50% and 1.75% range, and to limit the volatility of other money market rates. The Fed restarted its repo operations last September after unexpected market volatility and steadily increased the sizes of its operations. Later Tuesday the Fed is slated to update its schedule for future repo operations. Observers are unsure if the Fed will lower what it is willing to offer in temporary money or keep the sizes the same. The Fed had initially planned to end its repo interventions at the end of the month but continuing issues in money markets have extended the horizon for the effort. Some on Wall Street think the repo operations could continue into the early summer. Meanwhile, the Fed is weighing other options, like the adoption of new tools or new paths to liquidity, as a longer-term solution. Write to Michael S. Derby at [email protected] (END) Dow Jones Newswires January 14, 2020 10:56 ET (15:56 GMT) Copyright (c) 2020 Dow Jones & Company, Inc. https://www.morningstar.com/news/do...markets-amid-demand-for-longer-term-liquidity
Crazy move for SIG today SIX and SAVE paying off for me today Probably selling SIX before end of the day
pretty robust econ data out this AM across the board ... the retail sales yoy # saw the largest spike in nearly a decade
just a quick stat i saw in my afternoon reads here that i thought was worth a quick share- interestingly the market hasn't been red during an election year of a president's 1st term (so in other words a non-lame duck year) since going all the way back 80 years in 1940.
haha, it seems like almost a sure thing given that another 1K points higher from here isn't the same as it was back in 2009 i think as long as things remain at the very least "status quo" as they are now (eg, no crazy geopolitical flare ups, global and domestic economic news remains steady, and the fed remains on hold on rates, etc.) then i feel we should have no problem hitting those large round #'s at some point this year boy do i miss the days of nowwhat he was the king of round #'s that being said, this up move imho is getting to be just a little bit long in the tooth here imho. i feel like if we continue on this trajectory for the next few more weeks, we could be staring down at another jan. 2018 situation where the market started going a bit parabolic on the upside, then we had a nice correction. don't think we'll see a bear market anytime soon still though, absent the things i had stated above. i believe if we are to extend this bull into next march (meaning no -20% decline from the high on a closing basis), then this will officially mark the longest standing bull run ever in history.
I agree Cy, Dow 30K looks like almost a sure thing now, we will see about 10K NASDAQ In my opinion the FED is definitely helping the fuel this rally by providing extra liquidity
