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Stock Market Today: September 2nd - 6th, 2019

Discussion in 'Stock Market Today' started by bigbear0083, Aug 31, 2019.

  1. Stoch

    Stoch Active Member

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    GDP estimate fell sharply today

    Latest forecast: 1.5 percent — September 4, 2019
    The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 1.5 percent on September 4, down from 1.7 percent on September 3. After this morning’s international trade report from the U.S. Census Bureau and the U.S. Bureau of Economic Analysis, the nowcast of third-quarter real personal consumption expenditures growth and third-quarter real nonresidential equipment investment growth decreased from 3.0 percent and -1.7 percent, respectively, to 2.8 percent and -2.4 percent, respectively. The nowcast of the contribution of net exports to third-quarter real GDP growth decreased from -0.26 percentage points to -0.33 percentage points.

    The next GDPNow update is Wednesday, September 11. Please see the "Release Dates" tab below for a list of upcoming releases.

    [​IMG]
     
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  2. OldFart

    OldFart Well-Known Member

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    stock1234 and bigbear0083 like this.
  3. bigbear0083

    bigbear0083 Content Manager
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  4. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Chinese and US negotiators agree to meet in October.
    For the first time, they have agreed, since agreeing to meet in March, then agreeing in April, then agreeing in May, then agreeing in June, then agreeing in July, then agreeing in August, then agreeing to meet at the G7. Finally, they have agreed to meet in October.

    The whole world economy watches in anticipation to see what will happen this time.
    How soon can they agree to meet in December?

    -----------------

    In the charts, we got a 5 ema crossing above the 13 ema in the SPX last Thursday. I got burned on that in the charting contest a couple weeks ago with AAPL though, so I took a chance on a couple shorts yesterday but got out today (MU crossed my line in the sand).
    But the thing that's really hurting me today is the growth stocks are down. An ETF like FFTY (The IBD 50) is lagging. TWTR is doing good. TWLO is not, dang cloud stock.
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Well we are not too far away from the ATH again despite the volatility last month :p
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    WORK is down less than 3% now after that brutal opening :eek:
     
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  7. bigbear0083

    bigbear0083 Content Manager
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The jobs report was ok I guess, not too weak and not too strong :p Probably not strong enough enough to keep the FED on track to cut another 0.25% when they meet later this month although those FED speakers seemed to be a little bit less dovish lately :eek:
     
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  9. OldFart

    OldFart Well-Known Member

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    I think today, it's all about the USA / China meeting, but who knows what will really happen.
    Remember last time:
    Deal almost reached!
    bzzzz fax machine sound...
    Trump -> Muther%$$#&^$*&^*&!!!!! China changed the deal!!!
     
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  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    I am not that optimistic, still feel like the Chinese aren’t willing to give up much at all in a deal. Let’s hope for some positive development in October
     
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  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    ATHs for COST and TGT :eek: Their shares got hammered when AMZN bought Whole Foods, looks like they are still surviving after all :p
     
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  12. OldFart

    OldFart Well-Known Member

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    Me either, but we'll see...
     
  13. OldFart

    OldFart Well-Known Member

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    Went to whole foods in the past. They do have some hard to find things, but still pretty expensive.
    We've also compared Costco to Sam's, and they both have some advantages over the other, but we stuck to Sam's. Sam's is closer to our house.
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah I guess Whole Foods have some good weekly deals if you are Amazon Prime members but otherwise pretty expensive. I own COST stock but I actually go to Sam’s more too since it is much closer to my home
     
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