Thirty minutes in financial markets is a long time. Markets were relieved after the Federal Reserve again raised rates by 75 bp at their November meeting. Then Chairman Powell started talking and it all collapsed. The Nasdaq went from +25.45 at 10856.15 to negative to close -366.05 points at -3.36% at 10464.65. The 10-yr note yield fell to 3.98% but jumped to 4.11% after the close of the cash session. Traders had reacted initially to the tone of possible rate hikes slowing … Continue reading “Markets Reverse Sharply on Feds Powell Statements, What Does it all Mean?”
Stocks Crash Revives Memories of 2008, What Next For S&P Futures
Stocks and the S&P 500 Index crashed on Friday in the index’s sixth-worst one-day point drop ever, however given we are coming from 2880 plus in percentage terms it was ‘just’ around 2.50% . To put that in perspective, its a minor bump from a 30% rise. Perhaps. Its all a matter of entry and leverage.
High Flying Nasdaq Crashes, Why and What Next?
Stocks and the Nasdaq 100 Index crashed on Friday, the fall would have been worse if highflyer Amazon $AMZN wasn’t up on the day after another blow out earnings report. Was this a minor bump from a 35% rise or internet bubble redux cicra 2018?
Beastly Dow Crash of 666 Points, Why and What Next?
The DowJones index crashed on Friday in the index’s sixth-worst one-day point drop ever, however given we are coming from 26,000 in percentage terms it was ‘just’ 2.54% . To put that in perspective, its a minor bump from a 30% rise. Perhaps.