Looks like stocks pulled back a little from the highs after the FED. Gold and bonds doing well though
Good Thursday morning traders and welcome to a new day, fresh start! Here is this morning's pre-market movers & news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone in here has a great trading day ahead today!
Morning Lineup - 1/30/20 - Flatter Curves Thu, Jan 30, 2020 Long-term treasuries are rallying this morning on a combination of yesterday's dovish FOMC statement and press conference coupled with a move out of riskier assets on renewed concerns that the coronavirus will have a negative impact on global growth. With the move in US Treasuries, the yield curve (10-year vs 3-month) is on the verge of inverting for the first time since last October as optimism over a global economic rebound has been called into question.
WHO declares China coronavirus that’s killed 171 a global health emergency The World Health Organization said the fast-spreading coronavirus that’s infected more than 8,200 across the world is a global health emergency. The rare designation will help the international agency mobilize financial and political support to contain the outbreak. Source: https://www.cnbc.com/2020/01/30/who-declares-china-coronavirus-a-global-health-emergency.html
Remarkable turnaround for the market As long as the FED is in the picture and provides liquidity, it would take a lot for this market to crash in my opinion
Iowa vote Monday could be a wake-up call for stock market if leading candidate Bernie Sanders wins https://www.cnbc.com/2020/01/29/iow...up-call-for-stock-market-if-sanders-wins.html
Good Friday morning traders and welcome to a new day, fresh start! Here is this morning's pre-market movers & news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone in here has a great final trading day of the week and month ahead today!
Bond yields getting crushed (again). TLT up 7.5% to start the year. As hot as SPY has been, it's only up 0.6% to start the year.
^^ this 100%! definitely would side on this being an orderly selloff so far. -1.5% day on the indices is nothing really too newsworthy to report (yet). i suspect for a lot of the newer traders/investors out there, today must feel like a crash for them, simply because of how long it has been since we have had a nice healthy pullback in this market. and for a lot of newer people (and i see this A LOT!) they tend to focus their attention on the dow 30. they see that its down -500 or whatever handles that it was earlier, and they're like: Spoiler: Click to Show! a -500 handle drop in 2020 is not the same as it was years ago. i'm sure the likes of cnbc and others are going absolutely apeshit over this being the worst week for the markets in months. ehhh... a -1.5% day is a pretty orderly and average market pullback. its just that we haven't had a day like this in a while so it seems like it's rare. but nah. major indices still just 2% or 3% off the ATH. so, i mean we're not really even pulling back that much. and yet i hear some people calling this a "correction" or even worse, a "bear market" lmao. it's too funny sometimes. this market was overdue for a much needed pullback, so we're finally getting one. doesn't matter what the "reason" is. the media can point to the wuhan virus or whatever. but i say we were just really due for a pullback personally.
oh shit, i just noticed i'm about 10 posts away from crossing over 20K posts on the forum. yowza! quick, someone tell nowwhat from the old HSM of this large round #
Got up to use bathroom and saw the pullback. Bought the pullback a little bit when the SPX was down 40 plus points, working ok so far
