This market is pretty impressive, holding up well despite interest rates and the dollar are pretty much trading at recent highs Retailers having a pretty good day after those earnings by Macy’s
wow, could that be a game changer if the rutty is indeed busting out for real here? so, i can't remember where i saw this article but i recall reading something a few days back that stated when the small cap index hit a new high and is leading the broad market advance (like it has been) that has usually been a very favorable scenario for the other majors to follow suit and also reach new high territory a couple months after. definitely impressive since i think the rut was also one of the hardest hit indice during the correction? or was that the nazzy? still impressive that it's been able to recapture a new ATH today.
Market pulling back from the highs here into the close but should close in the green. Airline stocks are up big today, I wonder if there was any news or earnings to move them so much today
10-year Treasury note yield hits 3.1%, highest since 2011 https://www.cnbc.com/2018/05/16/us-treasurys-tick-higher-after-reaching-multi-year-highs.html Could be one of the reasons why we didn’t finish near the HOD
i wonder why people are buying, well its not like im complaining, lol. and i dont think its because of this: https://www.marketwatch.com/story/u...h-curry-sneaker-lineup-shares-jump-2018-05-16
Another squeeze this morning....impressive move for the bulls here....let's see if it continues interest rates be damned...lol
I was unsure of Chinese stocks recently, but NOAH and HTHT changed that. BZUN having a good day today. I know JD and BABA are popular with others. JD on a support
This market remains very resilient IWM made another new ATH today, and we are just slightly in the red despite interest rates making another multi year highs and the not so favorable news on trade deal with China. I guess hard to be too bearish when small caps are doing so well despite rising interest rates
barring some black swan-ish event (geopolitical, etc.), i'm wondering what'll be the next major catalyst to get this market moving decisively in either direction...albeit it looks like the small cap index is already doing the "moving" as it has broke through ATHs, but the other majors kind of just chopping around here. i've been out of the loop big time lately on news events, but are there any upcoming events (either stateside or abroad?) that could maybe stir things up in either direction?
