Man, I almost shorted - well bought a bearish ETF against the S&P - after typing this up when it was sitting right at resistance.
California to close indoor restaurants, movie theaters and bars statewide as coronavirus cases rise https://www.cnbc.com/amp/2020/07/13...bars-statewide-as-coronavirus-cases-rise.html
Wow. I’ve noticed the last month or so that when the selling starts it landslides. Everyone jumps in and it just dumps. Very scary to think if we have a few red days what will ensue.
40,000 Robinhood accounts added TSLA on Monday https://www.bloomberg.com/news/arti...-traders-an-hour-pour-into-tesla?srnd=premium
Noticed today the sell off started a while before Ca. shut down news was announced on Fox Business channel. Seems the insiders/media/politicians and there friends were given time to sell longs and load up on shorts.
Fed’s Brainard, eyeing weak recovery, says new policy tools may be needed https://www.marketwatch.com/amp/sto...ays-new-policy-tools-may-be-needed-2020-07-14 More help from the FED sounds good to the market I guess
Nasdaq again the laggard of the 3 major indexes today. S&P is green, in spite of the banks holding it back.
And the recall Gavin Newsome petitions have begun. They were collecting signatures outside of Target in my town in south Orange County today.
Looks like the market is happy about the moderns news today. Future up sharp. Interesting to see what cv stocks do today like zoom and Netflix etc...