fomc announcement in just about an hour from now ... does anyone really care about these things anymore? it's an election year, they ain't gonna say anything new or different to upset the apple cart, period. just crank it to 11 and keep the brrrrrrrr running baby!
not much fanfare with that one at all ... it hardly made the headlines yesterday admittedly i haven't really been keeping up with the markets much at all this month, but just eyeing the indices here, at least for today, and seeing the nazzy up smartly and printing new ATHs after new ATHs while the other majors are slowly bleeding lower feels awfully like y2k again, at least for this week anyway
Well market all over the place after the FED and it is usual after the FED. Looks like the market was down initially but now up pretty nicely
With the news that the number of coronavirus cases are going up again, seems like the stay at home stocks are doing pretty hot again
will be interesting to see if 2nd wave fears eventually come true and what it will mean for the markets. but as of right now, i dont see how the nasdaq hit new highs, but the rest wont. so imo spx and dow will follow in the nasdaq's footsteps at this rate.
The second wave means more printing by the Trumpster2020 to keep that market at ATH til elections where it will stop printing and the actual market will show its colors.
So you really think that "The Fed" pumping Billions into the Market every day!!! is what's keeping the Market up??? lol..lol Could Be..
Since,,,, we don't have an "Economy" and we have the Highest unemployment in history...... a few Billion here and a Few Billion there... helps.....lol.... But,,,,, when they stop the Pumping.....oops......
What you should invest in???..in this economy,, with a fake market / economy ... you need to be in precious metals....the Government can't print Gold and Silver..the metals are going to be the best investment for the foreseeable future ...... don't ever say, you were never warned??
With today's market,, the "normal" is "manipulation",, with the "high frequency trading" and "naked shorting" ... today's market place is not for the, "weak at heart" you have to run with the trends,, bank some profits and try to minimize losses.. you can not let your emotions rule and get in the way of your trading..
Like I have always said, the market goes through cycles ,, "innovation,,, speculation,, manipulation" ha,ha,ha
It's pretty clear that the markets had priced in the highest expectations of what Chair Powell might be willing to say, do, and promise for the future. Looking beyond whether or not the run up off March lows was this, that, or something else, any time a market runs 30-40% on easy money then gets so easily smacked down by "good news" (BTRSTN) we have to watch for the water sloshing to the other side of the tub. This seems more like purgatory to me. The next massive move may be determined later this year when virus cases perk back up in more wholesale fashion in the US. These spikes in AZ, TX, FL, NC, SC, and maybe a few other states are not overly concerning quite yet. Watch the hospitalization rates, that's the best indicator. I think we get past this mini wave/flare-up and resume feeling too comfortable in a month or so. Then once school is in, virus load will increase again. Many universities have scheduled fall to end in November at Thxgiving. This seems like wise risk management, but my thinking is by the time we start seeing leaves change color, we'll be stressing over whether schools can actually make it to Thanksgiving. There shouldn't be a vaccine by then, and it seems pretty clear that 1) warm weather is only beating it back a little, and 2) societies without centralized top-down control over society have no mechanism by which they can truly control society and its movements to limit viral circulation. What's more, a second try at locking people down after the first try wasn't great and led to social unrest... well a second attempt could be an abject failure in many ways. If you made huge bank since March, now is a good time for risk aversion or catching quick rides on only the strongest moves. Maybe even through H2.
Also, what kind of economic signal is it when an airline company sells off its art collection to raise cash? Egad.
