Saying it was on hopes for a rate cut on friday we talked a lot on friday about just whether and i made a joke that the market shows pricing the quickest sell off. Maybe the one individual that said, i got it and felt sicker it just seemed to subside a bit. Thats right. Human bee haflor is weird. Going into a twoday weekend except the good ones where you could have gotten 1,000 new cases. Up another 1,300 showing a bit of change. I love this graphic friday doesnt really sum it up it came back that was the end of the month. Some of that extra pressure was in the systematictype trading and there is an upside air pocket i think that the fed statement on friday sent the message we are here and probably dont have a very high threshold. It wasnt needed same as december of 2018 it was words that did the job for months until we got a rate cut. The bond market was very interesting. Instead of the bond market leading the stock. Take a look at treasuries. The 10year yield hit an alltime low yeste
Nasdaq off by 35 we have been thinking the new deal would be by december 15 the huge question is do those new tariffs come into effect the market has been punched in the mouth twice since yet yesterday, futures were up almost a full percent. The first china news yesterday that things werent looking great for december 15. These new comments imply phase one is not nowhere but if people are still thinking december 15, thats hard to believe yesterday, the pull back was the worst day weve seen in months but still talking about a decline. The dow up 4. 2, s p up by 5. 5. Well see today while the move yesterday wasnt too significant, volatility spikes more dramatically that implies that todays move was not unexpected we may see bigger moves in the days ahead we have the sound bite. Getting to the comments from willem marx in london. The president arrived here late last night. Stayed at the u. S. Ambassadors residence. He gave some Public Comments including on china saying he wants to wait unt
Enough fear. Theres not enough capitulation. Thats the story. We had another day where we saw we nasdaq plummeting 1. 87 . Yeah. What you may not realize is the market is the same going on in stocks which is unfortunate. The bottom market is more important. It is leading us by the nose. Enlist your professional investor maybe dont realize it. We have to get an understanding about the tyranny and how they are the overlords of stocks whether we like it or not. When the bottom market sneezes stocks get pneumonia. Man is it sneezing. They are selling everything in the bottom market to get out before at this point maybe just their shadows. We dont know anymore. There are four kinds of very motivated sellers. Theres the Treasury Department that needs to finance our government. The Federal Reserve is 5. 3 trillion in treasuries. Another 2. 6 and agency. Crazy. It sells as a way to shrink the money supply. There are the regular owners of bonds some of whom are gigantic amounts of money to on t
Wasatch Advisors LP reduced its holdings in shares of Skyline Champion Co. (NYSE:SKY – Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,536,974 shares of the company’s stock after selling 5,556 shares during the period. Wasatch Advisors LP owned […]
Washington Trust Bank lessened its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,473 shares of the company’s stock after selling 446 shares during the quarter. Washington Trust Bank’s holdings […]