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Stock Market Today: April 29th - May 3rd, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Apr 26, 2019.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    re: Apple's phone business
    Google's report last night included news about the Pixel; Google says there is pressure on high end phones.
    Of course, Google is also suffering from slowing ad revenues.

    I think the big thing for Apple will be their Services side of the business.
     
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  2. bigbear0083

    bigbear0083 Content Manager
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    couple noteworthy stats i came across in my afternoon reads thought was worth sharing here.

    since WWII, the spx has been green a perfect 18 for 18 a year after midterms with the avg. return up +14%.

    [​IMG]

    historically speaking we're in the sweet spot right now, based on the 4 year presidential cycle.

    [​IMG]

    breaking down the 4 year presidential cycle and the best and worst 6 months of the year today was the last day of the best 6 months of the entire 4 year cycle. looks like it played out again with the spx up over 8% during this 6 month period.

    [​IMG]
     
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  3. bigbear0083

    bigbear0083 Content Manager
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    couple more here... so since the great depression the spx has been up over +15% ytd after the first 4 months of the year only 6 times (including this year). each time was a pre-election year too.

    now that we're heading into may (which is typically called "sell in may go away") did you know that the past 6 may's have actually closed up green. :p

    finally, today marked the 3rd consecutive ATH close for the spx, which is the longest since it did 4 back in late aug. of last year. the record is 12 in a row in 1929 though. :p

    edit: oh and i also just noted that the SPX is up each of the first 4 months to kick off a year since 2013. that's only happened 15 other times since 1950. 12 months later the spx was higher 12 of those times, up over +13% on avg.
     
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  4. bigbear0083

    bigbear0083 Content Manager
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    last post here (sorry), here is a quick look at fed funds futures as we have the fed meeting tomorrow

    it's interesting that odds for a cut have actually gone up, despite the rebound in econ. data.

    [​IMG]
     
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  5. bigbear0083

    bigbear0083 Content Manager
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  6. OldFart

    OldFart Well-Known Member

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    Weird swing in the markets just a few minutes ago...anyone else see that?

    Barr testimony?
     
  7. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Yea - XLE/XOP/XLB took a sh*t this morning about 9:40. SPY still looking ok though.
     
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  8. OldFart

    OldFart Well-Known Member

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    QQQ's tried to bounce...now pulling back some
     
  9. OldFart

    OldFart Well-Known Member

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    Fed manipulation speech at 2:00, so anything can happen today I guess....
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah I guess they will still sound pretty dovish, but we will see :p
     
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  11. OldFart

    OldFart Well-Known Member

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    looks like wallstreet likes what they're hearing so far
     
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  12. OldFart

    OldFart Well-Known Member

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    https://www.cnbc.com/2019/05/01/fed-leaves-rates-unchanged.html

    • The central bank held its benchmark rate in a target between 2.25% and 2.5%.
    • The FOMC committee did make a technical adjustment: Interest paid on excess reserves that banks keep at the Fed will now be set at 2.35%, or 0.05 percentage points lower than before.
     
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  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Initial reaction is positive for equities after the FED announcement :D
     
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  14. OldFart

    OldFart Well-Known Member

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    crazy reaction on the 6J....

    6J.png
     
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  15. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    NFLX having a good day, up 4%.
    They announced they will have "studio quality sound" on their shows.
     
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  16. OldFart

    OldFart Well-Known Member

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    everything just took a huge shit....wtf
     
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  17. bigbear0083

    bigbear0083 Content Manager
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    did powell take to the podium yet? not really following along too closely today.
     
  18. OldFart

    OldFart Well-Known Member

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    I thought so
     
  19. OldFart

    OldFart Well-Known Member

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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market pulling back, maybe it is a little disappointed that there is not a strong indication that a rate cut is coming :p
     
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