Energy and Utiliteis in the green but basically it I guess while the jobs report isn’t that strong, it probably isn’t weak enough for the FED not to hike this month. If we have slowing economic growth and QT (tightening) going on together next year then definitely could be troubling for stocks
I don't know if the Tariffs will hurt the major of the market, but the clothing companies are bleeding money, all my textiles are falling fast, like American eagle, I don't know to sale or wait it out and hope they don't go out of business, but they sold all the real denim machines to china for cheap thinking elastane jeans would catch on with men and sales have taken a hit, then they are giving them away and still can't get sales, on top of hiring all this extra help for the holidays, and they have all bought into it, I don't think I have lost so much money so fast, and hear of them really hoping to right the ship but they can't even get enough stock in the raw denim, because china and other countries are hoarding the cotton
Yeah definitely not the greatest time to own stocks like AEO, ANF, and VFC, etc. Good luck, hope they will bounce back soon. If you have too many exposures to that sector then maybe good to think about cut down your exposure just a little bit
I want to see more panic and flush out before thinking we might get close to the bottom, the VIX still not elevated enough to me
^^ this 100% we've never really seen a meaningful spike higher in the vix right? the selloff, while volatile as all heck, has been very much on the "orderly" scale imo, as we have talked about an umpteenth amount times. we've yet to see a day of capitulation/panic...just my worthless 2c
Fed’s Bullard says central bank could delay December rate increase, then raise in January https://www.cnbc.com/2018/12/07/fed...mber-rate-increase-then-raise-in-january.html Not much reaction for the stock market, understandable I guess since they would just delay the rate hike for a month if not hiking this month
Now the DOW and the SPX are negative YTD. We have half day for Christmas Eve then a day off for Christmas Day of course, the market could be in serious trouble to try to finish green for the year if we don’t see a turnaround soon
It seems to me that the bounces are more a product of profit taking and sellers stepping back, than buyers stepping in. Low volumes
just needs to hold the ma's and open above 2640 for a nice EOD move. I sold my risk on the spike and have a zero risk trade on now. - my favorite kind of trade.
