Maybe the Fed is not specific enough in their plans, e.g. the month of the first hike. People want 3 hikes, but afraid of 4, that would slow the economy down. Another thing I heard on one podcast, was the market tends to test a new Fed chair in the first 6 months. So much stuff to blame. Lucky journalists only write the story after it happens.
some mean selling took place in the last 20 minutes. hmm, time to finally buy some stocks, i just been holding amd and T all year, and rest in cash
So is this just another dip or finally the beginning of something that can last more than two days of downside?
Dow industrials set for 730-point weekly drop--worst weekly loss in 2 years Source: https://www.marketwatch.com/story/t...02?link=MW_widget_latestnews_stockaholics.net The Dow Jones Industrial Average on Friday was set to shed about 740 points for the week, marking its worst weekly slide since Jan. 8, 2016, when it shed 1,078 points, according to FactSet data. The Dow DJIA, -0.98% was down 312 points, or 1.1%, on Friday as Treasury yields gathered steam following an upbeat jobs report. On a percentage basis, the weekly decline would also be the worst for the blue-chip gauge since the 6.2% weekly decline also since early January of 2016. Rising yields can undercut appetite for assets perceived as risky like stocks. The S&P 500 index SPX, -0.81% meanwhile, was down 1.1%, at 2,792, while the Nasdaq Composite Index COMP, -0.78% gave up 1.1% at 7,301.
plenty of charts are still healthy and the SPX still looking bullish, it would take a bit more selling than this before i would be worried about buying the dip.
Whelp, with today's selloff we have officially recorded our first -3% pullback from the peak today. The streak w/o a -3% SPX pullback ends at 450 trading days. It was a helluva run!
I didn’t really pay attention to the market until the financial crisis happened in 2008, so I really didn’t have any trading experience when rising interest rate is a serious concern Those hosts and guests on CNBC kept saying that stocks won’t have issue until the 10 year yields hit 3%, we aren’t that far away from that actually
Well we still have that streak w/o SPX -5% pullback going for us (for now). I believe today makes it 404 consecutive trading days w/o said -5% dip off the highs which continues to be a record. Will this be the next one to snap?
We haven’t had a huge red day like today for such a long period of time, almost forgot how it feels like
its crazy how fast we got to 2.85% on the 10 year. that prolly startled the markets, will be interesting to see if the selling continues next week
