The US and China are in talks to try to avoid a trade war http://money.cnn.com/2018/03/26/news/economy/china-us-trade-war-talks/index.html I think this headlines probably helped a little
Market pretty much at HOD right now If you went long before the close last Friday, you should be a happy person now I sold my position that I got last Friday at around 9:50 am EST when I got up to use bathroom before going back to sleep, would have made more money if I just held until now
wow we haven't seen a +600 djia in quite some time (i think since 2008 or '09 i'll check!) however on a % basis this is only the largest one-day gain since aug. 2015 edit: ok, i'm showing aug. 26th of 2015 the last time we had a point move as large as the one we're seeing today. the djia was up +619.07 on the close that day. the next largest? oct. 28th of 2008; the dji was up +889.35 on the close that day. the largest ever? oct. 13th of 2008; the dji was up +936.42 on the close that day (don't think we'll top that today! )
What a day. Great for buying before noonish as a lot of stuff shoved higher throughout the afternoon.
The surge after 2 PM was a little surprising to me, I thought we would trade sideway and the SPX would be up around 40 to 50 points at best Too bad I didn’t get back in after taking profit this morning, but usually I don’t like to buy when the market is already deep in the green like it was all day long today
S&P 500 Average Daily Change Ticking Up Towards 1% Mar 26, 2018 In case you haven’t noticed the pick-up in market volatility lately, the chart below does a good job of highlighting it. In the chart, we show the average absolute daily change that the S&P 500 has experienced over the last 50 trading days. As shown, after hitting a multi-decade low of just +/-0.22% in mid-November 2017, the S&P’s average daily change is now ticking up towards 1%. As of today, the S&P has averaged a move of +/-0.92% over the last 50 trading days. Prior to the S&P’s peak on January 26th, the index hadn’t experienced a 1% move in either direction over the prior 60 trading days. In the 41 trading days since the peak, nearly half (18) have been 1%+ moves! If you feel like the recent uptick in volatility is too much to take, one look at the chart shows you that really we haven’t seen anything yet. During the current bull market, there have been three periods where the reading moved well above +/-1%, and at the height of the Financial Crisis at one point, the S&P was averaging a daily change of more than 4%!
Basically, Trump put a tariff on steel & aluminum, then turned around and made agreements with a few countries, then exempted pretty much all except for China. It was just a ploy to get China to the negotiating table. Pretty smart if you ask me.
Pretty big red day for a lot of popular tech names indeed Interest rates lower today, seeing those high dividend sectors like consumer staples, real estate, utility, and telecom outperforming
Wow market really selling off here Thought some profit taking after yesterday wouldn’t be shocking at all but I didn’t expect we have a huge red day like this. Volatility is definitely picking up
