Do market gamblers know something we don’t know?
As I type this the Market is down 400 500 points…
Is this just increased interest rates solely?
Or?
Is the American Economy and employment NOT as strong as people (Trump) says it is….
And what about Trump’s Trade War?…
Wall Street was hammered on Wednesday as investors dumped high-growth names such as technology and FAANG stocks, with rising Treasury yields and trade-related worries sapping their risk appetite.
The benchmark S&P 500 and the Dow Jones Industrial Average fell nearly 1.5 percent and at the day’s low had retreated 3.7 percent and 4.5 percent, respectively, from their all-time highs. The Nasdaq’s 2-percent drop pulled it 7.8 percent away from its high.
All three indexes hit records between Aug. 30 and Oct. 3, despite the escalating Sino-U.S. trade dispute gnawing at confidence on corporate profit growth through most of the year.
But a recent IMF warning on global growth taking a hit from trade disputes has hit confidence in the stock market, as has U.S. Treasury yields at more than 7-year highs, signaling a tightening of capital globally.
“It’s a risk-off environment as investors are focusing on spiking yields and taking profits off the table as they are concerned about whether the bull market is actually coming to an end,” said Ryan Nauman, market strategist at Informa Financial Intelligence in Zephyr Cove, Nevada.
The retreat on Wall Street was led by technology stocks .SPLRCT, which dropped 2.33 percent, and the trade-sensitive industrial stocks .SPLRCI that fell 2.22 percent….
image…investors business daily
Note…
Jim Cramer is on CNBC right now knocking the Fed Chair, Jerome Powell, and saying people should not be scared of the drop….
DAMN!
Last I hear the market off EIGHT HUNDRED PONTS!!!!!!🙃
Trump’s economy trump card is looking soggy right now…..
The market has been dropping for the last few weeks…
You’ve been obsessed with the stock market for awhile now.
Gauging these day to day drops ,even by the hundreds of points , isn’t near as big a deal as you make out.
When it sheds several thousand points over a sustained period of time?Then get back to me.Perhaps there is a reason it’s not in the “spotlight “James.
Well then i’ll Be ahead of the curve then?
Trump has been beating his chest about how good he has made the economy
The Republicans think the ‘GREAT’ economy is gonna rude them to glory next month
They ain’t gonna be doing so if the bottom falls out
James,
You may be out ahead of the curve, maybe even by a year, but the economy will be staling shortly and I think some policies in Washington will be tail winds to the economy. I think the National Debt will be a major factor which is of course linked to tax cuts…spend the same amount of money but bring in less money from taxes isn’t good economic policy in the long run…800 point drop may be linked to computer trading, but as Jack said if there sustained loss that too will be a big indicator…And once the stock market starts heading down…thats when pension funds and workers with pensions start to get real nervous and a lot of those pensioners in certain states supported the guy in the big house (ignorantly of course)…
The losses where mostly tech stocks….
The expected interest hikes and Yes….
Trump fucking with China and the rest of the world that supplies stuff to America that will COST MORE…
You’re right…
It’s gonna be a something that will develop over a while….
Actually?
The market rocket up was from Obama NOT Trump….
But to point to this last week?
People ARE selling….
And Trump will be absent on THIS…