Hmm AMD not looking good either, heading into ER ~26th. AMAT, MU and TSM look like the semi plays right now. MU and TSM already reported; TSM half a trillion dollars
So...not to make this into anything politics related. However, since we're coming up on Inauguration Day tomorrow, I figured we can post a few market stats from the past 4 years of the market under Trump and where that stands in history, as well as the total number of ATHs under Trump in those 4 years. First things first here. Interestingly enough, the SPX has gone up nearly +12% since the November Presidential Election. And get this, that actually happens to be the most ever (since at least 1950) going from election day to inauguration day. Next, here is the most updated stats on how the DJ30 has done under every president since 1897. The market did quite well under the past 4 years of Trump. In fact, the DJ30 made 126 new ATHs under Trump, which was actually the most since Clinton's record of 263. Not too shabby.
Like all of those names that you mentioned and might be looking to get into ASML on a pullback AMD has been weak ever since INTC announced a new CEO, maybe the market thinks AMD will struggle again if INTC has a successful turnaround
Cool stats @bigbear0083 It's been a wild 4 years under Trump. Now when the market starts diving, I don't need to check Trump's twitter.
Exceedingly high breadth = lower than normal returns going forward. Seems Zerohedge posted this one first on the 12th, also seeing it at sentimentrader blog on the 15th. https://www.zerohedge.com/markets/m...ly-rare-market-signal-which-precedes-selloffs according to Morgan Stanley's Mike Wilson who points out that 92% of the stocks in the S&P 500 (extremely strong breadth) are currently sitting above their 200-day moving averages. If history holds, Morgan Stanley expects this metric to turn lower [can't really go higher], "which can happen via price corrections or moving averages rising as prices stall." [bigbear was talking about sideways trade] according to Michael Wilson's backtest of forward returns after the % of S&P 500 stocks above 200-day moving averages reaching current levels or higher, forward returns on a 5-day, 1-month, and 3-month basis all tend to be lower than in other periods and in each case with high statistical significance absolute returns do not have to be negative...but returns do tend to be lower than normal when this indicator gets as extended as it currently is.
Another new ATH for the market Let’s see if earnings will continue to drive this market higher especially when the big tech stocks start to report
Real estate very strong today, IYR up over 2%. This sector has underperformed the overall market ever since the market rebounded from the lows last year
whelp, absent any major collapse here in these final 20 minutes of the trading day today, it's looking like this will be the best move from election day to inauguration day in market history
meanwhile, it is also looking like one of the best inauguration day's in market history, should this hold through to today's close. oh and wow! obama had an over -5% inauguration day? i forgot about that one lol. that's right, that was in the midst of the '08-'09 bear
oh wow! i just saw this light up my twitter feed as well, but apparently today will mark the first time ever in history that the DJ30 made a new ATH on the same day that a president was inaugurated. how's that for making some market history today haha if this holds, the DJ30 will close at a new ATH today
OK now we officially have a new President. Let's see if themes like clean energy and EV will continue to outperform, stocks related to those themes have done extremely well
Facebook Q4 earnings report due out next week... when is the best time to BUY?? https://www.bit.ly/3dntpiO
FB has been 245-305 range since mid-August. Right now lower half of that range, so it's probably still a good time. Not really a fan of their longer-term prospects though as it has been underperforming their index QQQ.
Check out SIRC, company partnered with Tesla and is involved in Solar. Going to be affected by Biden big time, check out the CEOs podcast. Brilliant guy. https://podcasts.google.com/feed/aH...d=0CAUQkfYCahcKEwjgtfOWv6vuAhUAAAAAHQAAAAAQAQ
