I thought about that some more this week and thought I'd do some searching to see how the market has historically performed under a democratic sweep, since I know there's been a lot of chatter around the trading communities about how the markets would perform negatively to all 3 (senate, house and president) being under democratic majority control. Surprisingly (or maybe not so surprisingly actually?) the market hasn't really done that much differently, at least according to the chart below. The SPX has only been down once for the full year over the past 7 times there was a democratic sweep, and only lower 4 times overall since 1951 at least. In other words -- not so bad eh? But we shall see about this time.
Good Thursday morning Stockaholics and welcome to a new day, fresh start! Here is this morning's pre-market 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!
markets coming off the earlier highs just a bit here, not sure if there is any news behind it. doesn't matter. i'm thinking the market may be getting a little too overheated here, pricing in a ton of good news at this point. i think it's largely up today because perhaps there's some "relief" that things appear to be calming down now. plus, i think the market likes the "stability" that the biden administration will bring, at least initially anyway. job claims this morning were a bright spot as well, so perhaps we could be looking at things finally starting to recover a bit. but, in the very short-term anyway, seems like a breather would make a lot of sense here soon.
the ffd (first five days indicator) is looking pretty good so far...that concludes at market close tomorrow btw. but as of now here's how that one is looking:
i guess those 1,000 point increments in the dj30 are not really as noteworthy anymore like they once were back in the olden days but we did cross 31k today do they still wear hats down on the floor of the nyse for these things? oh wait, there's no one there right? cause of the pandemic? oops lol.
^^ oh and nazzy over 13k today which is pretty neat ...and rutty over 2k. however, i think spx over 4k will be the most intriguing one of all the milestones imo
What's the news on DDD? It opened the day at 12.36 and went up 100%. Usually pre-market news gets you a gap up; or a micro cap can move 100% from the open.
Interesting stats Cy Yeah I guess the market might not hate blue wave that much this time too since the Congress might have an easier time to pass a big stimulus package now
Why 3D Systems Stock Just Exploded 84.5% Higher (fool.com) Early this morning, 3D announced the successful sale of its "non-core software businesses for cash proceeds of approximately $64 million." It also added a preview of its Q4 2020 financial results, predicting that revenue will far outperform analyst expectations and come in between $170 million and $176 million for the quarter. I found this
LOL getting pretty crazy with bitcoin. I bought a little bit at around $8840 in May last year just for fun, unfortunately I didn't buy nearly enough that would make me much richer lol
Tesla stock tops $800 on 'blue' hopes, Wall Street upgrade - MarketWatch TSLA was already red hot but definitely is one of those stocks that would benefit from the blue wave
Good Friday morning Stockaholics and welcome to a new day, fresh start! Here is this morning's pre-market 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 on this final trading day of the week!
Lousy jobs report, looks like yields still going up though and homebuilders are under pressure once again
