div > div.group > p:first-child"> From October through December, every upbeat fundamental trend or would-be positive catalyst was ignored or mocked by a seller-dominated market that dropped just about 20 percent from high to low over three months.
Dramatic market lows after a bad correction are usually"retested" within several weeks, you say? Nope, the S&P 500 is up 23 percent in three-and-a-half months with little more than a 3 percent pullback along the way. Earnings forecasts have been slashed by the most in years, and are now posing 4 percent drop for the first quarter? Stocks are apparently looking ahead, and the more-stable-earning sectors have led the upside.
After all, the S&P is simply at levels it first reached some 15 months ago in the furious, giddy rally following the big 2017 corporate tax cut — and markets that reclaim a new high after more than a year going sideways in a jagged range can be said to have formed some kind of base, as happened from 2015-2016.
Maybe we'll see, and perhaps Fed forbearance, a firm economy and a budding tech-darling IPO boom will push the mood from cautious optimism to outright exuberance. Even a stunted, equivocal version of the 1999 market would make for meaningful upside, if not of the most durable kind. Craig Johnson, technical strategist at Piper Jaffray, noted Friday that the number of S&P 500 stocks making new four-week highs had receded to 22 percent, from well above 30 percent back in February. That's arguably a modest divergence with an S&P 500 clicking to greasy year-to-date highs.
Sell now and buy bitcoin.
I always do the inverted of your calls. Thx for the gainz
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market trades at session low with energy sector, Boeing's stock weighingThe stock market traded at session lows with about two hours left in regular trade Wednesday afternoon. There appeared to be no direct catalyst for the...
Source: MarketWatch - 🏆 3. / 97 Read more »
BANK OF AMERICA: The stocks outshining the market's powerful rally are poised for a sharp reversal — but there's a way to avoid the losses aheadBank of America's analysts provide a trading recommendation to profit from a negative turnaround in some of the market's best-performing stocks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Home prices hit a new record, as higher-end listings dominate spring marketIf you're shopping for a cheap home this spring, good luck. The median value of homes listed for sale in March hit $300,000, a new record, according to realtor.com. Every homed is a high listing, tiny shacks are $500,000. The housing market of '04-'08 did not entirely fail on Wall Street. It actually begins right in the Realtor's office and everyone else jumps on board. 'All abroad...' 🚂 We'll see. HomeSweetHome 📈🏡📉
Source: CNBC - 🏆 12. / 72 Read more »
As pricey homes hit market, median list price for a house reaches record $300,000The median asking price for a U.S. home hit $300,000 for the first time on record, according to March housing data from Realtor.com. They can have it. I will be renting an apartment. No property taxes , no structural maintenance , ability to get away from asshole neighbors ( PRICELESS) HUGE BUBBLE BURSTING SOON IN WEST AND CHINA. SAME HOUSE IN INDIA COSTS ONE THIRD OF PRICE. SAVE MONEY, LIVE HAPPY. CHEERS
Source: USATODAY - 🏆 100. / 63 Read more »
World stocks rally to six-month highs on U.S.-China trade optimismWorld stocks rallied to six-month highs on Wednesday as investors cheered signs ... What a joke, Same news for last 6 months
Source: Reuters - 🏆 2. / 97 Read more »
Stocks coiled to spring higher to new records if Friday's jobs report doesn't bomb againA U.S.-China trade deal, less bad corporate earnings or positive economic reports could all be catalysts to push stocks back to their all-time highs. Oh... totally predictable wild swings in the market brought on by trade tampering Excellent market manipulation for quick trades. But it’s a felony. It's a bubble. When Democrats win on Nov 3 2020 it'll all tank. The white chicken shits are jacking w/democracy and are willing to take Her down over Trump. GOPTraitors Hmmm what happened since last job report? Up up up - if its a bad number then reprint the China trade report (again & again & again) or the reprint the rate cut report, if its a better number then tell us there is no recession. Win Win Win
Source: CNBC - 🏆 12. / 72 Read more »