hah, interesting i was just checking out our weekly percentage changes in 2017 and although last week was a holiday-shortened trading week with only 4 days, the +2.60% we did last week already surpassed our best trading week for all of 2017 it was our first 2% or greater weekly % change (up or down) in 55 weeks, which was the 3rd longest streak ever in history ... only the mid-'60s and mid-'90s were longer. SPX still hasn't closed down by -2% or more on a weekly basis for 69 weeks which is the longest streak since the mid-'60s.
Definitely interesting Maybe we need more of those +2% weeks for the market to top out or reach the euphoria level
FFD (first five days) now in the books and it was a dandy. +2.77% for the SPX. now we see if we can complete the month higher and make it another January Trifecta which historically has been very powerful for the full year.
good morning! i'm running a little late this AM but here is today's market movers & news post- <-- click there to read! hope everyone has a good trading day in here.
Good day for bank stocks The long end yields are higher today and I guess that’s why banks are outperforming. If yields move higher too quickly though, it could begin to become headwind for equities
Investors fear after Japan move the last of the global market 'punch bowls' are being taken away The Bank of Japan tweaked its bond purchases, sparking speculation it is getting ready to pull back from easing. But strategists say the BOJ is not ready to move away from its easy ways yet, and that it was largely a technical move. The yen jumped and bond yields rose on the move, including the U.S. 10-year since a move away form easy policy in Japan could move global interest rates higher. https://www.cnbc.com/2018/01/09/inv...-market-punch-bowls-are-being-taken-away.html Looks like this is the reason why bond yields are moving higher today
whelp, it's official. SPX opens the year with 6 consecutive new closing ATHs which ties the record from 1964. nasdaq also made a little history today with its 6th closing ATH to start the year, tying the record for 1999. let's see if we can break these records tomorrow. edit: also worth noting that if the SPX closes green again tomorrow that'll tie the 1987 record with 7 straight up days to start a year.
Interesting micro cap play if that's your thing - Patriot One Technologies (PAT / PTOTF) Patriot One has been getting a lot of media attention lately in US media and Wealth Daily has published several pieces on them over past weeks. Personally I think the potential is huge but company could be better at communicating progress on ongoing live trials and upcoming triggers and forecasts for 2018 and beyond. wealthdaily.com/articles/it-stops-terrorism-it-stops-mass-shootings-it-doesnt-touch-gun-rights/9047 For transparency, I own shares in PAT equal to about 5% of my entire portfolio value.
Well, if only reading the articles from Wealth Daily then yes, it was perhaps stupid of me to add the link from WD as several bigger news agencies (CNN CNBC etc) have covered PAT over the past weeks. The fact is that their technology works and there is a massive, worldwide need for it. There should be update from live trials, one in a casino in Vegas, soon and also hopefully a signed deal with tier 1 company to support marketing, ramp up in sales and installations. Siemens is one of 2-3 companies mentioned as potential partner. Lets see what the next few weeks weeks and months will bring.
