Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

Stock Market Today: January 13th - 17th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Jan 10, 2020.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    Earnings season kick off tomorrow, let’s see how those big banks did in Q4 :D
     
    OldFart likes this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    Felt like a risk on day, those high growth/valuation stocks are having a great day :eek:
     
    OldFart likes this.
  4. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
  5. Kane

    Kane New Member

    Joined:
    Jan 13, 2020
    Messages:
    2
    Likes Received:
    0
  6. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,951
    Likes Received:
    1,784
    stock1234 and bigbear0083 like this.
  7. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
    Three Months And Counting Since Last 1% Decline
    Tue, Jan 14, 2020

    It has now been over three months since the S&P 500's last decline of 1% or more back on 10/9. While it seems like an eternity, the current streak of 67 trading days is nowhere near any sort of record on either a long or short-term basis. The chart below shows historical streaks without a decline of 1%+ for the S&P 500 dating back to 1928. The record for the longest streak was back in 1963 when the S&P 500 went 174 trading days - a full eight months - without a 1% drop. Even more impressive is the fact that in both the 1950s and 1960s there were numerous streaks of 100 or more days. For a decade that is looked back on as one with a lot of upheaval in the US, the 1960s was a period of relative calm for the equity market.

    More recently, the current streak of 67 trading days doesn't look all that impressive relative to streaks we saw back in 2017 and 2018. Right after the election in 2016 and into March of 2017, the S&P 500 had a 109-day streak without a 1% decline, and then from late 2017 through January 2018, there was another streak of 112 trading days without a 1% drop. Even in October 2018, there was another streak of 74 trading days. In other words, in just the last three years there have been three longer streaks without a 1% decline than the current one. In the S&P 500's history, there have been 26 other streaks that have been as long or longer than the current one, and half of those went on to last at least 100 trading days.

    [​IMG]
     
    OldFart and stock1234 like this.
  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    Was thinking about playing FIVE for a bounce yesterday and didn’t, up 6% today :mad: :p
     
    OldFart likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    OldFart and T0rm3nted like this.
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    Fed Adds $82 Billion to Financial Markets Amid Demand for Longer-Term Liquidity

    Big banks' demand for longer term Federal Reserve liquidity flared up again on Tuesday.

    The Federal Reserve Bank of New York said it intervened twice via repurchase agreements, or repos. Eligible banks draw $47 billion in overnight liquidity from the central bank, less than the $120 billion the Fed was willing to provide. But the 14-day repo saw banks offer the Fed $43.2 billion in securities, against the Fed's $35 billion cap. Collectively, the Fed added $82 billion in temporary liquidity to the financial system.

    On Monday, the Fed had added $60.7 billion overnight liquidity.

    Fed repo interventions take in U.S. Treasurys, agency and mortgage bonds from eligible banks in what is effectively a short-term loan of central-bank cash, collateralized by the securities. Banks eligible to access these operations -- the firms are called primary dealers -- are limited in the amount of liquidity they can tap from the Fed.

    The banks pay interest to the central bank for accessing its money. The amount of money added by the Fed isn't cumulative, as older operations may be maturing.

    When the Fed last updated information on its holdings on Thursday, it said its balance sheet stood at $4.11 trillion as of Jan. 9, versus $3.8 trillion in September. About $210.6 billion in repo interventions were also outstanding then.

    Fed repo interventions are aimed at keeping the federal-funds rate within the 1.50% and 1.75% range, and to limit the volatility of other money market rates.

    The Fed restarted its repo operations last September after unexpected market volatility and steadily increased the sizes of its operations. Later Tuesday the Fed is slated to update its schedule for future repo operations.

    Observers are unsure if the Fed will lower what it is willing to offer in temporary money or keep the sizes the same.

    The Fed had initially planned to end its repo interventions at the end of the month but continuing issues in money markets have extended the horizon for the effort. Some on Wall Street think the repo operations could continue into the early summer. Meanwhile, the Fed is weighing other options, like the adoption of new tools or new paths to liquidity, as a longer-term solution.

    Write to Michael S. Derby at [email protected]


    (END) Dow Jones Newswires

    January 14, 2020 10:56 ET (15:56 GMT)

    Copyright (c) 2020 Dow Jones & Company, Inc.


    https://www.morningstar.com/news/do...markets-amid-demand-for-longer-term-liquidity
     
    OldFart likes this.
  11. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    Dow at 29K now, will we see DOW 30K and the NASDAQ 10K this year? :p
     
    bigbear0083 and OldFart like this.
  13. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    3,907
    Likes Received:
    2,562
    Resistance at 3308, the overnight high and also where the Fibs were saying.
     
    OldFart and stock1234 like this.
  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    Crazy move for SIG today :eek: SIX and SAVE paying off for me today :D Probably selling SIX before end of the day
     
    OldFart likes this.
  16. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
    pretty robust econ data out this AM across the board ... the retail sales yoy # saw the largest spike in nearly a decade

    [​IMG]
     
    OldFart and stock1234 like this.
  17. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
    just a quick stat i saw in my afternoon reads here that i thought was worth a quick share-

    interestingly the market hasn't been red during an election year of a president's 1st term (so in other words a non-lame duck year) since going all the way back 80 years in 1940.

    [​IMG]
     
    OldFart and stock1234 like this.
  18. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136
    haha, it seems like almost a sure thing given that another 1K points higher from here isn't the same as it was back in 2009 :p

    i think as long as things remain at the very least "status quo" as they are now (eg, no crazy geopolitical flare ups, global and domestic economic news remains steady, and the fed remains on hold on rates, etc.) then i feel we should have no problem hitting those large round #'s at some point this year :p

    boy do i miss the days of nowwhat he was the king of round #'s :D

    that being said, this up move imho is getting to be just a little bit long in the tooth here imho.

    i feel like if we continue on this trajectory for the next few more weeks, we could be staring down at another jan. 2018 situation where the market started going a bit parabolic on the upside, then we had a nice correction.

    don't think we'll see a bear market anytime soon still though, absent the things i had stated above.

    i believe if we are to extend this bull into next march (meaning no -20% decline from the high on a closing basis), then this will officially mark the longest standing bull run ever in history.
     
    OldFart and stock1234 like this.
  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,248
    Likes Received:
    4,187
    I agree Cy, Dow 30K looks like almost a sure thing now, we will see about 10K NASDAQ :p In my opinion the FED is definitely helping the fuel this rally by providing extra liquidity
     
    OldFart and bigbear0083 like this.
  20. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    22,175
    Likes Received:
    8,136

Share This Page