I am thinking we would be down at least 2% if Le Pen wins It is interesting to see Europe outperformed us so much today, the DAX hit a new ATH today
I think once oil makes it below a certain threshold, then the market will be taking a beating. Price has just run up too much in the last couple weeks, as evidenced by AAPL and FB reporting great quarters yet making no more advances in price. We'll go back and look for value, probably overshoot it on the downside too, then the market will be back up.
Stocks turn slightly lower after House of Representatives narrowly passes revised GOP health care bill https://mobile.twitter.com/CNBC/status/860197947795013632
Here are tomorrow morning ERs: ($CTSH $LPX $ESNT $CI $MCO $IMGN $AXL $CIO $CNP $HCN $UNVR $GLOG $NPTN $ALNY $PDCE $SNH $ROCK $JLL)
interesting...i wasn't aware of this stat until now but apparently the SPX has now gone 7 consecutive trading days with a close (up or down) of less than 0.20% ... that ties the all time record which was set in 1972
Seems like equity futures are moving a little lower on plunging oil prices, the NFP could take a backseat tomorrow if oil is down big again
stock1234-but didn't the US "price a Hillary win in" and then when Trump won we had quite the rally contradicting what everyone thought? Everyone said if Trump won the market would tank, I'm leaning to more of a rally if Le Pen wins.
True, we definitely can't rule out that a contradiction would happen again The US market rallied after the victory for Trump mostly because of the optimism of more business friendly environment. I am not sure how the market will spin the Le Pen victory as a good news other than the ECB will keep rates really low for extended period of time. If Le Pen wins I still think we will see a pretty bloody Monday, we will see and thanks for your opinion
speaking of the french elections here for moment if i may (and before i do let me just say i'm not exactly one who follows politics much at all, let alone french politics!! ) ... but i was just mainly curious to know if anyone here thinks we could see "another" surprise outcome? in other words - we've been hearing how le pen's chances of winning are pretty slim to none (hmm.......kind of reminiscent of another election we had not too long ago ) how exactly does their elections work over there? i'm not very familiar at all to be honest. is it possible the polls or whatever have it all wrong (again)? guess we wait until this weekend (sunday?) for the final outcome. would be pretty epic if it is in fact le pen winning ... my take on the market reaction would be much like brexit and our own presidential election ... a brief flush followed by a recovery ... not sure how long the recovery would take in this case ... but i think if it we did see a dramatic spike down we would eventually be back to pre-elections levels in a few weeks if not days. sunday night's globex open will be something to watch if we did see any surprises
If oil goes below of $40, could be a really big shock for the market Last time when oil was in the $40s, CNBC kept talking about how the consumers would use the money that they save from gas to spend on other things and it would be a boom for the US economy, they aren't talking about it this time
