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Stock Market Today: July 1st - 5th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Jun 29, 2019.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Hope you had a wonderful trip Cy. I had a good time, just had a BBQ and relaxed although I had a toothache and couldn’t enjoy the food as much as I wanted :( I agree though it would be better if Friday is a half day instead, sometimes the scheduling should be a little bit more flexible :p
     
    OldFart and bigbear0083 like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Some people probably take this day off on purpose :p I know a lot of people taking Wednesday and Friday off at work to have a short trip :p
     
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  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market is well off the lows, but doesn’t change the trend that good news is now bad and bad news are now good news for the market :p
     
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Intermediate/Long term bonds moving a lot today.

    2y rates: +6.36%
    10y rates: +4.62%
    30y rates: +3.17%
    The 1m and 3m rates are "just" +0.67%

    The 2y-10y difference is just 17.3 bps and has been coming down hard this week
    [​IMG]

    But in stocks, Wednesday was the 5th up day in a row for the SPX. In a week (July 11 eod), look for us to be higher than SPX 2995.8.
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Bonds were getting a little bit overbought before today :p
     
    OldFart likes this.
  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Traders still believe the Fed will cut by a quarter point in July even after blowout jobs report

    • The fed funds futures market is now pointing to a 93.5% chance of a quarter-point rate cut next month and a 6.5% probability of no rate changes, according to the CME FedWatch tool.
    • Traders were pricing in a 30% chance of a half-point cut in July before the release of the jobs report Friday. Odds for a quarter-point cut were 70% before the report.
    • Payrolls jumped in June well above expectations as the U.S. economy added 224,000 jobs.
    https://www.cnbc.com/2019/07/05/tra...t.html?__source=sharebar|twitter&par=sharebar
     

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