Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46266
Truman
Participant

The S&P 500 futures are up 24 points and are trading 0.6% above fair value.
The Nasdaq 100 futures are up 25 points and are trading 0.3% above fair value.
The Dow Jones Industrial Average futures are up 299 points and are trading 0.7% above fair value.

JD.com (JD 35.77, -6.42, -15.2%),
Pinduoduo Inc. (PDD 48.90, -10.07, -17.1%),
Alibaba (BABA 64.00, -8.18, -11.3%) all suffer heavy losses ahead of the open after President Xi was elected to a third term, which stoked worries that the state might tighten control over the economy.