i heard someone say before that what we are seeing in bonds and gold right now is just the start, they think they will do what oil did in 2014. whether it happens or not, this is still some food for thought.
Interesting stats. If we don't get a surprise by the FED tomorrow, I would say we are likely to break that record
yo @Ken34 how's this for a flash back down memory lane ... do you remember when i had whipped up a comparison chart of the spx on the old hsm boards during the height of 2015 correction? and i was comparing the chart with the 2011 spx chart and seeing the similarities between the 2015 and 2011 correction, and we were wondering if the same outcome (higher prices) would end up playing out in the end? whelp, it's been about a year now since that time ... check it out man (albeit this not nearly as clean of a pattern as i would have liked, but you can somewhat see the similarities between the 2...) and we all remember what happened the year after (2013 was a monster year for the spx)- i'm not saying we're about to see the same exact outcome play out here once again ... but i am just keeping this in the back of my mind
Good morning Stockaholics! Happy Fed day! Here are your pre-market stock movers & news on this Wednesday morning- Spoiler: 12/14 Wednesday's Stock News Movers: JOY, ESRX, NVDA, FOXA, WFC, HTZ, GOOGL, JNJ, GS, UPS, FDX, VRX 12/14 Wednesday's Stock News Movers: JOY, ESRX, NVDA, FOXA, WFC, HTZ, GOOGL, JNJ, GS, UPS, FDX, VRX Good day Stockaholics! Happy Wednesday! Frontrunning: December 14 Countdown to first Fed hike in a year under way, but focus shifting to 2017 (Reuters) What to Expect From the Fed: Decision-Day Guide (BBG) Investors Expect Fed Rate Rise, Seek Clues on Next Step (WSJ) What ceasefire? Aleppo evacuation delayed (Reuters); Aleppo Fighting Resumes Hours After Cease-Fire Deal (WSJ) Too big to fail: China maps out its Trump strategy (Reuters) China Said to Lift Tax on Smaller Cars to 7.5% Through 2017 (BBG) Goldman Sachs to Name Cohn’s Successors (WSJ) Finance Titans Face Off Over $5 Trillion London Gold Market (BBG) Dutch court rules Crimean gold treasures must be returned to Kiev (Reuters) Forget Bitcoin and Mobile Pay. Cash Is Still King of the World (BBG) Trump’s Pledge to Loosen Regulations on Businesses Is a Heavy Lift (WSJ) Retailers’ Discounts Run Deeper This Holiday Season (WSJ) Companies Are Already Canceling Plans to Move U.S. Jobs Abroad (BBG) Wells Fargo Faces Limits After Second Living Will Failure (BBG) Hertz Global Replaces CEO After Earnings Misses, Stock Slump (BBG) Heineken Faces Competition in Effort to Buy U.K.’s Punch Taverns (BBG) Sanofi in Deal Talks With Actelion; Value Could Total $30 Billion (WSJ) Aramco Keeps Building Oil Rigs Even as Saudis Agree to Pump Less (BBG) Saudi Oil Minister Sees Commitment to Cuts Ending Glut in Months (BBG) OPEC Says Supply Cuts Won’t Re-Balance Market Until Second Half (BBG) TV Reporter Files Discrimination Suit Against 21st Century Fox Station (WSJ) Le Pen Slips as Fillon, Macron Rise in Big French Election Poll (BBG) Investor Peter Thiel Is Helping Mold Tech’s Ties to Donald Trump (WSJ) Uber Rolls Out Self-Driving Cars in San Francisco Without DMV Approval (BBG) U.K. Employment Declines for First Time in More Than a Year (BBG) STOCK FUTURES NOW: YESTERDAY'S MARKET HEAT MAP: YESTERDAY'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: MOST ACTIVE TRENDING PRE-MARKET DISCUSSIONS (TICKER SYMBOLS ARE CLICKABLE!): SGYP ONVO XON JOY MSFT CXO MITT ACN REPH SAGE IBM ABM BAC NDSN NKE JNJ QCOM GILD INTC AMGN SKM BLBD PIR LGF TODAY'S EARNINGS CALENDAR: THIS MORNING'S PRE-MARKET NEWS MOVERS: source: cnbc.com Joy Global — The mining equipment maker reported adjusted quarterly profit of 17 cents per share, matching estimates, while revenue fell short of analysts' forecasts as the commodity price slump continues to impact Joy Global's customers. Express Scripts — The pharmacy benefits manager reaffirmed its adjusted 2017 earnings guidance, and raised its overall outlook stemming from tax benefits related to its disposition of its PolyMedica unit. It is also revising its methodology for reporting network claims. Nvidia — Evercore upgraded the graphics chipmaker's stock to "buy" from "hold," even after a 181 percent year-to-date run up, noting that 2017 should be another good year for AI-related offerings. 21st Century Fox — Brean Capital upgraded the media company's stock to "buy" from "hold," saying the sell-off following Fox's bid to buy the rest of Britain's Sky was overdone. Wells Fargo — Regulators imposed new sanctions on the bank because of deficiencies in its "living will" plan should it ever find itself on the verge of bankruptcy. It's the first time penalties have been imposed on a bank since the "living will" provisions were created by the 2010 Dodd-Frank Act. Hertz Global — Hertz announced the retirement of Chief Executive Officer John Tague, as well as the departure of three of the car rental company's longest serving board members. Former GE executive Kathryn Marinello was chosen as the new CEO, an appointment that was endorsed by investor Carl Icahn, the largest Hertz shareholder. Alphabet — Alphabet's Google unit is reportedly racing to hire more conservatives for its lobbying arm, according to Reuters, after years of enjoying President Barack Obama's support and positioning itself for a Hillary Clinton presidency. Johnson & Johnson — Johnson & Johnson has dropped is bid for Swiss drugmaker Actelion. However, Actelion confirmed it is in talks about a "strategic transaction," with both Reuters and Dow Jones reporting that France's Sanofi is the company talking with Actelion. Goldman Sachs — Goldman is reportedly planning to announce the elevations of investment banking head David Solomon and chief financial officer Harvey Schwartz to be CEO Lloyd Blankfein's top lieutenants. The announcement could come as soon as today, following the announced departure of Gary Cohn to join the Trump administration. CNBC has previously reported the impending elevation of Solomon. General Motors — GM asked the Supreme Court to overturn an earlier ruling that its 2009 bankruptcy filing did not shield it from lawsuits related to its faulty ignition switches. The switches have been linked to 124 deaths and 275 injuries. United Parcel Service, FedEx — UPS and FedEx are both struggling to keep up with the surge in holiday orders, according to a Wall Street Journal article. The paper said shipping volumes have surged past expectations and delayed some of the millions of orders that have been placed since Thanksgiving. Valeant — The drugmaker's shares could come under pressure following news that Bill Ackman's Pershing Square sold some of its stake in the drugmaker to generate a loss for tax purposes. The sale lowered Pershing's stake to 7.8 percent from 9 percent. Have a good trading day to everyone in here on this FOMC Wednesday!
Oddly enough I wish we were up right now. I feel like the market is going to go the opposite way once the announcement is made.
upcoming earnings after the close today and pre-market tomorrow: ($ORIG $SAFM $APOG $PIR $AXTA $LAKE $ARWR $CIVI $PURE $SCHL $SBOT $RMR $LDR $BLIN)
SAFM might be a good earnings trade. I'll have to wait and see what the market does after 2pm eastern.
Yeah I'm seeing if we go up after the announcement. Then everyone will be like BTFD, hike was priced in. Might be a good time to short then. I'll be in a meeting the rest of the day, so I'm just watching.
One of Wall Street's biggest bulls just called a correction for 2017 http://www.cnbc.com/2016/12/14/a-wa...ear-end-rally-and-possible-2017-pullback.html This guy goes on the CNBC shows a lot and he is always bullish, a little surprising to see he is turning bearish
I just want to see some Trump tweets about how the Fed wants to crash the market to make him look bad!
