The selloff in Japan has been strong Euro Stoxx 50 has lost its gains And DAX (Germany) looks about to do the same These markets are still open, so may be able to turn around.
Back-to-back days of -0.50% in the markets (intraday), here comes BTFD? Every day we gap down, but the candle closes green.
Yeah that one has potential. YY was basically flat pre-market, so they ran it to new highs during regular hours. TLT right up to resistance, so this is all making sense; bonds start going down, and stocks restart going up. Small caps and biotechs have their engines ready.
whelp, there goes the spx streak of no -0.50% daily closes ... streak ends today at 50 consecutive trading days which was the longest since 1968 when it did 57 ... the all time record however was way up at 85 days in 1965.
NTES opened below 316, then ran above 320. China still alive, and small caps and biotechs starting a new run.
Not sure if the House will vote on the tax bill today during the market hours or not, the bill is expected to pass, so we probably would see some volatility if it somehow doesn’t pass
The House passed the bill. Not a huge reaction but the market is moving a little higher and close to HOD
Tax plan may get stalled in Senate, "Four Republican senators — two more than enough to force a major rewrite — have now gone on the record with serious criticism of the legislation. Even worse, most of them are upset about different aspects of the bill, and a number of those problems will be difficult to fix without backing away from the GOP priority of achieving a permanent 20% corporate tax rate." https://www.investors.com/news/econ...te-as-three-republican-senators-take-a-stand/ I have my doubts about how badly this will affect the market, right now.
