I guess boys with big wallets in US are pissed hard. Nice pump, wanna change headlines form USD WEAKNESS to STOCKS ALL TIME HIGH ?
Nasdaq's Historical Run At its highs earlier this morning, the Nasdaq Composite was within 2% of its record high from earlier in the year. Besides the steep V-shape of the Nasdaq's pattern over the last four months, the other aspect of the chart that stands out is just how steep the 50-day moving average is trending lately. To illustrate just how steep the Nasdaq's 50-DMA has become, the chart below shows the daily percentage change of the 50-day going back to 1971. Currently, the Nasdaq 50-DMA is rising at an average of over 0.5% per day. That's an incredible slope and a level that has been exceeded only a handful of times in the Nasdaq's 50-year history.
So, are Q2 crappy earnings baked in already I assume? What is there to really stop the Fed driven market from going up more except another wave of the Kung Flu?
Maybe more tensions with China? I think everyone expects bad economic data and earnings in the near future, as long as the data shows some improvement over the next couple of months then the market most likely will shrug them off. Let’s hope we won’t have the second wave here or around the world in the fall.
Well anybody who wanted to get in or hold stocks and sold on airlines can thank Warren Buffet, the Boeing CEO and the Media for missing out. Kinda makes you think it was a crooked set up. I was in AAL at 9.52 for a short time but sold with a very small gain because of the negative Media.
The jobs report was surprisingly good The NASDAQ Composite also hitting new ATH earlier today after the NASDAQ 100 did so yesterday. The SPX now barely down for the year after a brutal March. What a roller coaster it has been for the market
Surprise: The BLS Admits Another Phony Jobs Report https://www.thestreet.com/.amp-mish...rise-the-bls-admits-another-phony-jobs-report
I`m on the road and not around a TV now so I`m asking if this news has been announced on financial news TV channels? Somehow this doesn`t surprise me.
I was just doing some researches since so many people seemed to be question the accuracy of this jobs report. I am guessing the weekly jobless claims probably is a better indicator of how well the jobs market is doing. We can’t really declare victory until we see the number of claims going down dramatically
