oil inventories were insanely bearish, but somehow crude still catching bids anyone know when the iran sanctions are set to go into effect?
nevermind, i did some digging and found that it just missed from being a new record the internals were quite noteworthy- employment with a reading of 62.4 is, dare i say it, an ATH
Yeah market overall still handling the higher rates pretty well, but if yields continue to move up rapidly then I think it could become dangerous for equities Banks doing well today while homebuilders, utilities, real estate, and consumer staples underperforming probably due to higher rates NFP on Friday will be interesting. If we get a hot number on wages, it could actually be bad for equities if it sends yields surging
just wanted to quickly c&p'ing these 2 charts over from the bull thread for those of you who don't venture outside of these threads too often kind of an interesting stat that i came across that i was not entirely aware of, but whenever the spx is entering an october on a 6 month winning streak, Q4 of a midterm year has been the best quarter out of the whole 4yr presidential cycle. Q1 and Q2 of a pre-election year have seen the second and third strongest returns on avg...so in other words, the next three quarters have been the strongest out of the entire presidential cycle. also of note is that Q3 is historically the weakest quarter for the markets out of the full year (but it wasn't this year -- it was actually one of the least volatile Q3's on record ). anyway, what i found interesting was that whenever Q3 has gained +7% or more like it did this year, Q4 has finished up 13 out of 14 instances
Well market really pulled back from the highs, maybe higher rates finally having some negative impacts to equities
ooo earnings whispers with a different calendar look here...going monthly instead of weekly now...nice...earnings season is almost here! here are most anticipated earnings releases for this month-
i don't typically care or pay too much attention to the weekly job claims report but i did find it interesting that after the brief "post-florence" spike we saw the other week, it's right back to testing ATLs again i'm calling it! sub 200k here we come
My guess is we will see yields backing off a little bit after the NFP tomorrow unless the wage number comes in really hot
Utilities and financials outperforming in a red market today. It is interesting that utilities are higher when rates are higher, but I guess they are safe havens in a red market
I think it has been awhile since the market made a 1% or more move in a day, looks like we will get it today
haha, yeah moment of truth coming up right here going into the final hour of the trading day this chart is a few days old, but should the spx close down 1% or greater today it will snap the 3rd longest streak without a +/-1% daily change ever. i think we're currently at 69 trading days without a +/-1% daily change right now. SPX is -1.10% as of the time of this post ... it could be a close call today
