The overnight action in futures markets followed a big pullback last week triggered by rising fears of a resurgence in the virus as well as investors' profit-taking after the massive comeback.
"The meltup may need to take a break, as sentiment has turned too bullish too rapidly," Ed Yardeni, president and chief investment strategist at Yardeni Research, said in a note on Sunday. "Now that reopening is happening, there's fear of suboptimal results: less social distancing triggering a second wave of the virus, followed by another round of lockdowns.
Fake news!
We're going to see a Dow 15K print this year
Prepare for impact, the markets are going down
A lot of time left till the market opens in America. These losses could easily reverse.
SheffStation Another stimulus check coming? lol
👀
Cue vaccine optimism articles
stoolpresidente
I think retail investors turned the table and went short after Goldman Sachs and others panicked on Friday screamed “buy buy buy, room for upside” so they can sell first.
Just to celebrate president's birthday.
Last weeks sharp losses barely put us back to April numbers. The market can’t be green everyday. Especially when it’s propped up by teenage Robinhoods, bored sports gamblers & The Fed
Almost time to dump my stocks and go back to sports betting anyways
Big Short part 2 coming ?
I guess Robinhood traders must have learnt over the weekend that they can also short the market.
I am so old I can remember those good “futures rallies on hopes for reopening/vaccine” titles...
Robinhood Retards think the Fed buys etfs
The future or Dow Futures. Are we still V shape or W
No more debt. The markets will tank further as Trump keeps tanking in the polls. The next 2 weeks are crucial with the virus in AZ, TX, SC & FL. It their numbers keep rising & hospitals fill up then it will get worse.
Great news for my shorts. Might even sniff around for some bargains on sale tomorrow, but probably not. Entire market is too toxic right now.
🙁
The economy isn’t as bad you are being lead to believe. Appreciate there are sectors under extreme stress. But not all sectors, in fact there are clear winners emerging.
Buy buy , buying at the open .
If you spent a dollar every second, it would take 31,689 years to spend a trillion dollars. The FederalReserve loaned the US 900 billion dollars between 1914 and 2007. It has loaned three times that much money, $2.8 trillion, just since January 1st in 2020.
Will Robinhoodlums be jumping out of windows?
Dayum!
Will Be green by tomorrow 🤣
What's fair value?
JSticia Steve_Armato
We'll be green by the morning the FED buys it all during sleeptime
Look for more drops to come as reopening fizzles and the virus comes back big time. Unemployment and PPL ends in July
SecondWave fears coupled with retailers seeing through the rubbish bull run.
Long live the shorts
Where is the fed?🤣😂🤣😂🤣😂
slipping like butter
Here we go!
This should be illegal imo
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