I am just buying a little bit of big cap stocks with dividend at the moment, would be comfortable to hold those positions for awhile even if the selloff continues
Will the Super Tuesday save the bulls? If Sanders does poorly tonight then maybe we see a bounce tomorrow
DIA weekly touches and rejects 50 MA this week, and that MA is trying to roll over. Potential canary in coal mine, with SPY and Qs still above that MA. Worth weaving into your tea leaf rug.
Somebody will soon publish a chart showing how often the Fed has changed rates in between FOMC meetings. They shoulda seen the writing on the wall with a between-meeting rate cut. Such rate changes between meetings should be extraordinary to meet extraordinary challenges. What today's cut signals is that there is an extraordinary threat to the economy, much unlike all the previous messaging that the economy is humming along, it will survive the health scare, etc. Now the market is thinking "oh shizzle, the economy really is under threat (from the virus, from global growth slowdowns, from fill-in-the-blank-with-your favorite-reason)." It's no wonder the market didn't know how to react today, and did so with huge swings. My (rarely expressed) opinion: Fed shoulda waited 2 measly weeks for the dust to settle and let the markets be markets.
Yeah I think they should have waited, they probably were overthinking and thought the market was going to selloff if they did nothing today
But that's part of the problem....if the market dropped another 1k or 2k, we'd know where the BTFD really is. I mean, there's some quality dividend-raising companies that were (still are) approaching screaming buy territory. That is, unless the Fed knows something about a virus-global-growth-inspired depression around the corner. They've simply added to the uncertainty.
just stumbled across this chart in my morning reads. this is the market performance history after an emergency rate cut like we got yesterday. no surprise that they have all come after the market has endured a selloff. interesting that a month later the market does well.
stumbled across this one too. basically shows the performance of the spx when the first 2 months of the year are down. on average the full year ends down about -5%
...and we have yet another 1K daily handle move in the DJ30 once again today is it just me, or are these large daily moves now feeling like just any ordinary day in the market?
just want to make a very quick correction from my monday post here. i mentioned how that near 1,300 handle move in the DJ30 on monday was the largest +/- point move on either an intraday or closing basis in history. that is actually incorrect. the largest ever was back on feb. 5th, 2018. DJ30 actually fell -1,598 handles intraday that day. that said, the near +1,300 point move this past monday was the largest +/- one-day on a "closing" basis. just needed to make that quick correction as i'm all about perfectionism lol.
Investors chasing for yields with utilities, staples and real estates up big Well we didn't get some wild intraday swing today, pretty much up up up and up more all day, so an encouraging sign for the bulls The market isn't out of the woods yet I guess, need to see the market stop moving less than 3 to 4% daily before I feel more confident that maybe we have seen the short term bottom
the move today looks amazing in my portfolio lol, now to decide on what to sell. got to be nimble in these volatile markets
Economic data not looking so bad this morning actually We will see whether the data for March will show a significant slowdown due to the virus
yep, adp was decent. so not sure if it will show up in the nfp's this friday as the survey period i think ended the 2nd or 3rd week of last month? we'll see. it's possible we may see it in tomorrow AM's job claims # though. speaking of the nfp's, could be an interesting poll to have up in here for this friday
With 10 year yield barely over 1%, I guess those stocks with 2 to 3% annual divi Sure. I will make my best guess on it if you have the poll up
With 10 year yield barely over 1%, I guess those stocks with 2 to 3% dividend at least are pretty attractive as long as the economy doesn't fall apart
^^ this 100% imho as well! vix still over 30 is no beuno. i think once we see it closer to the lower 20s, and especially higher teens then i think we could then say perhaps a short term low has been put in.
