Bond yields stabilizing today. As long as we don’t have a rapid rise in yields, the equity market should continue to do pretty well in the near future
holy rip your face off rally batman. looks like i missed another big day today. man wasn't it just the other week that we were talking about those large round #'s on the indices? we're just about another 30 handles from knocking on the SPX 2800 door...and we're not even 2 full weeks in to the new year yet. crazy. i agree w/ @stock1234 that as long as yields don't see a significant and meaningful spike, the markets should continue to perform well. but, at what point does this rate of ascent become a bit disconcerting? either some kind of pause to digest some of these gains for a bit (correcting through time) or a little pull back action i would think makes sense here. i'd be really surprised if we just go straight to 2800 from here (it's only another, what, +1% or so from here anyway) w/o some retracement. but, markets do have a way of surprising. it's pretty amazing what we're witnessing here. this action is kind of reminiscent to coming out of a bear market where you have these big up days. but, we're up at ATHs here and have been going straight up more or less since 2009. just astounding imho. ya that pretty much says it all right there!
right now it feels like a buy the market rather than stock pickers market, cause overall its been going straight up, but not everything has been so pretty underneath.
good morning! the pre-market stock movers & news post is up- <-- click there to read! happy trading to all in here on this final trading day of the week!
Pretty much risk on for equities, even the relatively hot CPI this morning doesn’t seem to bother this market although I guess it wasn’t so hot that it changed the rate hike expectations Utilities as a sector down over 4% so far this year
So far out of the first 9 trading days of this year, we have 8 green days and one red day, is it one of the best starts ever for the equity market?
PM's catching a nice bid here with the dollar kind of in free fall mode and hitting fresh lows going back to 2015
Yeah, gold up pretty nicely today Maybe the dollar weakness can take some credits for the rally today, we probably would still be up but I would think not as much as it is now Would be interesting to see if Japan and Europe really will back away from easing soon
Thanks Cy I am curious about how the market finished by the end of 2003, will need to do some research
OK! So here are some stats I managed to dip up from 2003. The first 2 trading weeks ended UP +5.43% Right now if the SPX were to close here we are looking at just over a +4% gain in first 2 trading weeks of this year, so this would rank as the 2nd best two week start. That being said however, the full month for January in 2003 ended DOWN -2.74% You can clearly see the dip there and going into March on my 2003 daily chart of the SPX down below. That turned out being an -8.60% dip in total there at the low point. And the only real meaningful dip all year. However, the full year ended up really strong at UP +26.38%! Wow. Albeit, it is worth mentioning that we were just coming out of the tech bubble burst/9/11 aftermath bear market in 2002. So, it made some sense that it was a strong year. Whereas right now in current times we've been setting records and milestones for years and years! It's going to be really interesting to see just how 2018 will end up.
