There are some other Amazing Things happen, so much for the hope of a rally after the averted Government Shutdown witnessing spasms in the bond market as we kick off the final hour of trade stocks are responding in a jerky fashion of the first dating tray Dow Jones Industrial down 200 reports, s p losing 22. The nasdaq has been toggling a below the flat line right now below seven points, treasury yields that have investors head spinning right now not only is a ten year treasury yield resuming the spike to a 16 year high of 4. 68 the two year treasury yield is near 17 year highs, 5. 1 a 6 , look at the long blonde. This is the thirtyyear hitting 4. 778 earlier and earlier 4. 81, that was the highest since 2010. Why are yields skyrocketing, a couple of reasons, fresh data shows u. S. Manufacturing activity in september slowed less than expected. While it remained a contraction for the 11th straight month it hit the highest level in a year. His Employment Index benefit, that jump back to
Business less likely to expand yet, thats what happened today. Dow gaining 81 points. S p tipping. 0. 5 . After the fed gave us its long expected quarterpoint rate hike so the answer is, yes, but yes for a reason the departing fed chief has followed the footsteps of her predecessor telegraphing her actions months ahead of time her transparency which i hope will continue under incoming chairman jay powell is the reason why the market didnt get slugged when we got the hike now, there is a whole generation of investors out there who dont know the way these fed meetings used to be back in the day when they were edge of your seat occasions. Everything was cloaked in secrecy. We never knew what they were going to do. Never had anybody to figure out why they did it beyond the boilerplate statement that was g gobbledygo gobbledygook why does the market or dow seem to like this, enjoy a rate hike . A couple of reasons. First not so much that we like it, as that investors realize rates cant stay
Tweet me cramer sometimes your goal is to simply not be shane out of a great stock. You dont want to get so disturbed or dismayed that you turn into those unlucky people who buy high and sell low. They know nothing a time under way to lose money. We saw the launch of the iphone ten and it caught the entire session. Averages rose to the alltime high nasdaq inching up. 09 but apple was down apple stock is all about the difference between trading and investing. I was both a trader and investor for 21 years principal ofessiony taking longterm and shortterm positions. I can only invest and im severely restricted in what i can do but not what i say. Invest requesting trading require two different mind sets. When you invest youre going in for long hall. As club members will hear once again, you need to be disciplined. You dont want to buy all at once you buy gradually in stages on the way down when you neinvest when youve done your home work and believe in the store the stock goes cheaper tha
Ten year steady, just south of 22, Industrial Production 15 minutes away we begin with wall streets record run stock futures mixed ahead of the open. Terror in london, 22 injured in an explosion on a london subway train during the rush hour commute and Facebook Advertising under scrutiny the social network revamping the selfservice ad byi inbuying pl. First up, the dow is aiming for another record high, a sixth straight positive session. The markets resiliency tested today. Retail sales fell unexpectedly in august by. 2, dragged down by autos. They couldnt isolate the effect of harvey on retailers then news of north korea firing that missile over japan for the second time into the ocean there will be Security Council meeting today. But on retail sales, interesting, nonstore, which is essentially amazon, down 11, the worst month since april of 14. Thats so out of whack with everything you hear. Lately the numbers i think have lost some degree of their validity i think by the way, i thin
The killing of 50 people last night and outdoor Music Festival in las vegas and active quote pure evil. The president praised First Responders who stepped into harms to help the dying and the wounded. The speed with which they acted is miraculous. And prevented further loss of life. People were 500 wounded. The suspected gunman has been identified as 64yearold stephen paddock. Attack from a the room on the 32nd floor of the Mandalay Bay Hotel. Word on a motive. Islamic state has claimed responsibility for the attack above the u. S. National Security Council says its not aware of fact to support that claim. Steve scalise is offering his prayers to the victims of the las vegas shooting. The Louisiana Republican was seriously wounded at a congressional based practice in june. He returned to Congress Last week. He tweeted that he and his wife are praying for the victims of this unspeakable violence in las vegas. The u. S. Supreme court today opened a highprofile turn with the case about em