As I type this on Friday @ 12 noon: Dow is UP 0.1%, NASDAQ UP 1.5%, SP500 UP 0.9% and yet DECLINERS 68% outnumber GAINERS 32% (that's more than 2 to 1, obviously) Great news? Bad news? Smoke and mirrors? Market manipulation? or a Fantastic Recovery for 1/3 of the Market?
Dow and small caps are lagging the rest of the market; those indices have a lot of banks in them. The banks are getting bad news again, eg they are taking a bath on commercial real estate. It is a story worth following, as when the recession finally comes you will see a lot of banks go bankrupt. SIVB and SBNY were just the start last year. Don't believe the fiction that they've passed stress tests so they will be able to survive the storm.
For now as long as the Magnificent Seven (excluding Tesla) are doing well then this market seems to be able to go higher, small caps and ARK stocks could struggle though if rates continue to move higher
Will be interesting whether NYCB is really in trouble It would look pretty bad if they go under after taking over a failing bank (SBNY) last year
have to give creds where credit is due here. it was a great call from you marcy from a while back for calling for new ATHs across the indices. will admit, i didn't think new highs would be seen this soon, after the way things cratered in '22. but here we are. was also trying to find your post marcy, where i think you mentioned how you believed the next bear wouldn't actually begin until the market found new highs first. now that we're here, i wonder how much more could be left in the tank until things begin to reverse again. i have to totally confess, i'm really surprised the market has been hitting these new heights given that the rate cutting cycle and/or QE hasn't even begun yet! what happens when that actually begins? will be interesting. not sure what to make of this market right now. though will fully admit that i haven't been totally engaged in the markets much still due to IRL (in real life) craziness. but with that being said, i still feel like some kind of significant market event could be in the forefront later down the road this year. i don't think it's just going to be clear skies ahead for this market without some meaningful correction or possibly another bear. but, sure don't fight the trend. it's been a pretty powerful run higher since the oct. lows. will be curious to see where things go from here. i'll be at the ready when things begin to look a bit dicey out there again. for now, markets have pretty much ignored bad news, and seems to not mind good news either. all the news is good news for the market it seems right now lol.
Seems like the rally might be stopped either if we have a recession or the FED has to hike rates again because inflation is rising too quickly again but for now enjoy the ride
My average is $85.84 so I am enjoying a pretty nice gains from this name, should be a nice play along with CRWD and ZS in a long run.
There's more evidence that stocks are in a secular bull cycle, Ned Davis Research said. Equities' recent performance, among other economic indicators, suggests more upside ahead. Since hitting its secular bottom in 2009, the Dow has hit fresh all-time highs every year for 12 years.
What a day for SMCI again lol, I am up just over 14% for my position but will watch closely, might be vulnerable to a short term pullback soon.
We will see failing banks, in due time. People will shrug that off, they think they are safe because the FDIC is insuring their deposit. But what happens when 50 million people are waiting for the government to give them an insurance check? Beware that FDIC insurance may take a while to get to you, what will happen to your bills while you are waiting? For now...take heed of these warning signs. Banks are still failing, in slow motion for now. Prepare yourself.
Not really a ton of interesting things going on in the market place lately. I think when the market gets really interesting is when @Frankenstein usually chimes in here. Think I’ll take that as a cue that the markets are finally onto something of a meaningful trend change and reversal. Until then, it’s pretty much a par for the course kinda market lol. Not sure I see this trend ending yet, but nothing lasts forever. It’ll be a nice change and super refreshing when things finally do reverse.
Cathie Wood Is Betting on This Struggling Stock. Should You? | The Motley Fool NVTA Stock: Invitae Plunges 78% on the Brink of Bankruptcy | InvestorPlace Looks like Cathie Wood was wrong on this pick
Another great quarter for ELF but looks like the stock is down after a huge run despite a great report
