Bloomberg's feeble attempt at manipulation.... Xi Fires Shots at U.S. Before Trump Meet, Without Mentioning Him updated 48 minutes ago
Good Friday morning to all. Today we close the books on the trading month of June and Q2. 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 final trading day of June and Q2 today!
Morning Lineup - Partying Like it's 1995 Fri, Jun 28, 2019 Why party like it's 1999, when you can party like it's 1995 instead? With futures indicated higher on the day, the S&P 500 is on pace to finish the first half with a gain of over 18%, while long-term US Treasuries are flirting with a gain of over 10% on the year. Heading into the last trading day of the half, the major focus is obviously on the weekend meeting between President Trump and President XI. Expectations are low heading into the meeting, but we should have a better idea of how things are going to play out as the day goes on and into tomorrow. To bad Xi doesn't have a Twitter account too! While China trade talks are a major issue, there is also a decent amount of economic data to contend with today and into next week. Then, after the July 4th weekend, we'll start to kick off second-quarter earnings season. As mentioned above, 2019 is on pace to be the first year since 1995 where both long-term Treasuries (as measured by the Merrill Lynch Long-Term Treasuries Total Return Index) and the S&P 500 were up more than 10% in the first half of the year. Going back to 1978, this is also only the fifth year where both saw double-digit gains in the first half. In the table below, we highlight each of those five years and show the performance of both asset classes in Q3. In the case of both asset classes, Q3 saw middling returns with periods of positive and negative returns evenly split.
Our top new suggestions is $TMUS for buying long, and $SCHW $AMT to hold them long. Our top new suggestions is $GM for selling short, and $CAT to hold it short. $XLK $XLU $XLI $XLE $XLV are our ETFs opportunities for buying long. $MS $LLY $BA $DD $MS $CMCSA $TMUS $D are our stock opportunities for buying long. $GS $BIIB $ECL $GM $AMAT $NEE are our stock opportunities for selling short. More information about buy price range, charts and expected buy returns are given in our Closing Bell video (6/27/2019), only on JusTrading YouTube channel, check it out. Remember to subscribe and click the bell to be up to date with our daily stock analysis and suggestions that we give it for free! Thanks.
well, i hope everyone has had a pretty decent H1 trading year thus far as @stock1234 alluded to the other day, next week we have a holiday-shortened trading week, with wednesday markets closing early @ 1pm eastern time, and thursday markets closed for the 4th. fwiw, i might be taking a little time off from the markets next week to focus on some good 'ole family time (hence why i've just gone ahead and did some thread updates on the forums today, that i normally would do on monday's ) i have yet to decide what i will do with the stock competitions next week, i'll make a quick announcement of that on one of the threads there today though. for any of you who might not be around next week, i hope you have an amazing 4th of july holiday with your family and friends! it has been an interesting year in the market thus far to say the least haha. really intrigued to see how H2 will do after such a strong H1 bounce back off the xmas eve massacre low have a great weekend everyone! and thank you again for all the awesome contributions to these threads every week! you guys rock
Have a good weekend Cy and everyone Next week gonna be weird for such a short week I guess a lot of traders probably won’t trade on Friday and will get back to work on Monday
Looks like financials having a pretty good day here I only own JPM. Don’t really like to own bank stocks that much when the FED wants to cut rate, I feel like the banks are kinda the dead money at least for awhile
From what I was looking at, it looked like financials and pharmaceuticals were pulling out of their funks. Looks like the old trend of growth stocks outperforming value stocks is ending.
What a great first half for stocks Let’s see if we will have a nice second half as well I guess it could be a little challenging after such a great H1 though
Let's see if we will get any meaningful news this weekend from the G20, futures could be interesting to watch on Sunday evening
and that's a wrap to the month and quarter! catch you all back at it same bat time same bat channel monday! ps - btw, i'll have the new weekly thread up a little later this weekend
