Good Tuesday morning Stockaholics and welcome to a new day, fresh start! Haven't done one of these in here in ages. Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone in here has a great trading day and week ahead this week!
Wow big spike for crude today As for the market, I guess as long as the Dems don’t gain both seats in the Senate then the market would do ok
whelp, barring a complete final hour meltdown today, it's sure looking like santa did come to town this year, which bodes well overall for the market for the full year at least
FWIW, here was the final results of the SCR: BTW, I've edited my SCR tracker spreadsheet and changed it to FFD (First Five Days) so you guys can track how that is doing now. This one concludes at market close this Friday. Here's how that one is doing as of today's market close: Once the FFD has completed, I'll then changed that to track the JB (January Barometer) to track how the full month of January performs. EDIT: Oh and here is my google spreadsheet to track that in real-time if any of you are looking around for that: https://docs.google.com/spreadsheets/d/1K8TFjMwriwLHju8gKEUcoiE2LbRtHjH80qCSh3Ijzdo/edit?usp=sharing
interesting bit of divergence in the indices this AM, most notably the nazzy and the rutty futs...not sure if this is senate runoff election related or what. haven't seen this kind of a divergence in a while to say the least.
I'm not sure either. Looking at individual stocks I can kinda reason why FB is down, but why AAPL? Relatively the small caps have been outperforming QQQ since October.
VIX has not closed below 20 since last February. We have seen elevated volatility for a long time; I hear this is the longest streak behind only April 2003 and October 2009. It seems like the heightened volatility has enabled some outsize gains though in the last year.
So possible explanation is large tech stocks selling off due to fear of increased taxes. Small caps have a large weighting in banks; the 10-year rate went above 1% for the first time since March. And also value stocks (also with a large weighting in banks) are outperforming growth stocks to start the year. The emas are also crossing down in the weekly chart But the longer-term trend is still in favor of growth stocks. For now, growth stocks are cooling off.
I guess I was right only if I was just talking about the futures overnight lol The banks are rallying hard with the 10 year yields surging above of 1%
I am a little surprised to it but maybe not so surprising since the market very often does exactly opposite of what majority think how it would react to the news events The market probably still thinking tax hikes are unlikely in the near term due to the ongoing pandemic despite the Dems seem to have the majority in the Senate now
Capitol placed on lockdown, buildings evacuated amid protests https://thehill.com/homenews/house/532925-capitol-police-evacuate-madison-cannon-buildings?amp Market still up nicely for the day but well off the highs
It would be amazing if we ended up turning red from the highs Anyway what a day in this country especially in Washington
OK, so I know I've been mostly silent all day today. But, I just needed to chime in here real quickly to address the protesters in DC today if I may. Firstly before I begin, let me just say that I don't intend to make this into some political discussion! Because this thread is a market discussion thread first and foremost! Maybe I should I be starting up a new thread in the Cocktail Lounge instead, but I'll just post this in here very quickly because it's admittedly something that's been on my mind all day now, and I just feel like I need to get this off my shoulders if you will lol. So, I honestly don't normally allow myself to pay too much attention to this so-called "noise" as I like to call it, like we're seeing today. Because for me, it's exactly just that. It's just a "distraction" if you will, from the more important things going on in the country/world more or less. However, after watching some of the images on CNBC today (which I'll say has been very rare for me for a while now, because truthfully I really haven't been watching any media, or listening to any news, etc. of late anyway.) I have to say that I am pretty appalled, and very embarrassed personally to see that this situation could get so ugly. ¯\_(ツ)_/¯ I won't lie to y'all's, but I did end up voting all red in this past November's election. However, after watching the events of today, that really took the cake for me if you will. It was just downright shocking. And then to hear President Trump's remarks just a few moments ago, telling all the protesters to go home, yet doubling down essentially by telling the American people that the election was "stolen" is just so low for me. I'm actually quite disgusted to be frank, and I feel like throwing away my MAGA cap now that I've had since the 2016 election. Anyway, I will just refrain myself from ranting and rambling along any further here, because being one of the forum admins on this site I need to make sure I'm not overstepping on what I should or shouldn't be posting on the forums. So, I do greatly apologize to you all in advance for getting super off-topic in this thread, because it has absolutely nothing to do with the markets. I hope everyone had a good day today nevertheless. It's been a rather crazy day, and a disturbing one at that, at least for me. Hopefully law and order will be restored soon, and we can all get back to our normal news flow, etc. Don't get me wrong though! I know a lot of people are getting antsy, because this pandemic has been running on for far too long in the tooth. I fully get it! I'm one of them as well. Hopefully this will be the year we can finally put this COVID pandemic in the rear view, and get back to some normalcy once again! Here's to hoping anyway! Thanks for hearing me out all. Carry on!
No need to apologize, bigbear0083. Today transcends politics and is more of a case study of how easily people are manipulated into doing things no rational person would do. I knew crap like this would be attempted, but it truly is surreal to see it on a screen as news. Though I have severe doubts, I hope today marks a true turning point toward a desire to return to solving problems despite political differences. The current climate is really getting old.
