U.S. sells 30-year bond at highest yield in 11 months https://uk.reuters.com/article/usa-...d-at-highest-yield-in-11-months-idUKL2N1PY1OB It doesn’t help stocks too I think
Are we on track for the worst week for equities in years? I would think so although I don’t have any stats with me
Yep! Right now we're looking at about a -5% drop for the week at this current level here. The last time the SPX fell -5% or greater for a week was in the first week of January of 2016, that week it fell -5.96% So yeah, it's been about 2 years at the very least.
Thanks Cy I thought it was longer than that but now I remember we dropped on worries about China or something in January 2016
NVDA earnings after the bell. This company is doing well but priced pretty much for perfection, they better deliver since it is not a great environment for those rich valuation stocks on rising rates and weak equity market
yea lets not forget the start of 2016, now that was a brutal selloff, lol. i like how CNBC likes to make people panic, they put dow drops 700 points in all caps on their front page, lol.
KBE (Banks) is down well over 2% today, they are not such a great play for rising rates I guess when the overall market is doing so bad
Looking at /ES instead of SPY, it made an overnight bottom at 2529. Maybe we gotta go there tomorrow daytime.
I'm back, folks. The SPX has been rallying without a re-trace for so long, I didn't care to enter the market. But with this last re-trace in the last week or so, I've decided it's time to get back in the game. So, entered at 2598. It will go up above this level sometime in the future, according to my theory.
Whelp, after yesterday's close we were staring down at the worst week for the SPX since August of 2011. For the DJ30 it was looking at the worst week since, get this, October of 2008! But, sure enough we're getting a bit of a bounce back today so these #'s will likely change by today's close...
