Here is this AM pre-market thread for those of you wanting to get a quick read before today's open- <-- click there to read! Happy trading to all on this Wednesday.
One theory I've heard is there is another factor at play that we haven't had before. Because of the Khashoggi incident, Saudi Arabia wants to keep prices low to make nice for the West.
Shout out to @stock1234 for a making a good call from a few weeks back when you said the markets would likely rally after the midterms were done no matter the outcome, since it removes the "uncertainty" out of the market. Sure, it's one day, but we've seen a pretty decent recovery off the correction lows from last month. Also, a shout out to @Frankenstein -- I recall you were looking for 2800 on the SPX. We're not very far right here. Very nice call.
Also, 6-8 countries got waivers from the sanctions. https://oilprice.com/Energy/Crude-Oil/The-Truth-About-Iran-Oil-Sanction-Waivers.html
Great day for the bulls FED decision at 2 PM Eastern tomorrow, but I guess it is being overshadowed by the midterm and the FED isn’t expected to hike rates tomorrow. I guess their language will be something to watch though With less than 2 months left and the earnings season being mostly done, I guess the trade tensions and the FED will drive the market rest of the year Trump and Xi will be meeting end of this month I believe, it should be the next big market moving event
Good morning to all. Here is the pre-market thread for those of you wanting to get a quick read before today's open- <-- click there to read! Happy trading to all on this Thursday.
So what usually happens when a hike is not expected, and then it's confirmed to not be happening? Will we get any other info out of this announcement today?
Forward guidance. Today's meeting is all about path of future rate hikes. As of now expectations of a raise in December are pretty high. Also, fed verbiage. Since there is no press conference today, only the statement may offer clues to path of future hikes. The big meeting will be at EOY in December when we get Fed projections along with the statement and presser. But today's meeting will largely be a non-event imo, absent something completely out of left field which is rare nowadays in FOMC announcements.
Yeah let’s see if the FED will move the market at 2 pm Dollar stronger ahead of the FED, and if it spikes even higher after the FED then it could put some pressure on equities. Oil at risk of breaking below of 60s pretty soon
Aerospace giant Bombardier to cut 5,000 jobs worldwide https://www.bbc.com/news/business-46130990 The struggling plane and train manufacturer said the job cuts would be made to "streamline" operations as part of a broader restructuring plan. The cuts will come mostly from its aerospace division with some from the firm's rail division. Profits up The announcement came as Bombardier unveiled its third-quarter results, in which pre-tax profits doubled to $267m for the three months to September compared with the same period last year. Sales were down 5% to $3.6bn, but revenue is expected to jump 10% to at least $18bn next year. "We continue to make solid progress executing our turnaround plan," said chief executive Alain Bellemare in a statement. Not sure if I'd read much into this. May just be their turnaround plan. Although considering they're profitable, you don't want to turn around too far. I'll be on the lookout for more news like it.
