Market pros will look for Powell to comment on market speculation that the Fed could take its benchmark rate to a negative yield. Fed officials have said they have no interest in negative rates, which are being used by central banks in Europe and Japan. But for the first time this past week, traders drove futures on fed funds to show slightly negative rates in contracts starting in November.
"Tech was the shutdown trade and small caps are the reopening," said Boockvar, noting small caps are domestically focused and are sensitive to the back-to-work trade. picking up around the U.S. States have been opening up at different speeds, and California was the latest to reopen some activity Friday.
"I'm getting more confident that we've seen the lows, and we're starting a recovery in the stock market, but I think the volatility is going to stay there, and there will be challenges. I think the general direction is up rather than down at the moment," said Paulsen.
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:
Everyone with a brain knows the market is NOT based on economy!!!
Expected to trade with trillions of newly printed money from Satan's bookkeepers at the FED.
This a sell the news event, don't get back into the market now people
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Investors exit stocks at fastest rate since March, 'tech fatigue' sets in: BOFAInvestors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America's weekly flows data. What's BOFA? I think tech will be one of the winners when the virus particles finally settle. The market is not pricing in a depression yet. oh no
Source: Reuters - 🏆 2. / 97 Read more »
Japan stocks set to trade lower; private survey on China's services sector aheadChina's Caixin/Markit services Purchasing Managers' Index is expected to be out around 9:45 a.m. HK/SIN on Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
Asia stocks set to trade higher as Nasdaq turns positive for 2020The Nasdaq Composite closed 1.4% higher at 8,979.66, leaving it up nearly 0.1% for the year — erasing all its losses for 2020. Serious question: has CNBC ever gotten sued for trying to manipulate the markets? you guys said the same yesterday too, and NO it was not trading higher. It was muddy.
Source: CNBC - 🏆 12. / 72 Read more »
Loeffler recuses herself from Agriculture panel, distancing herself from stocks issueSen. Kelly Loeffler is removing herself from a Senate Agriculture subcommittee, in an effort to quell ongoing scrutiny over her stock trades and finances Nothing is quelled. Keep removing yourself and resign. You’re a criminal SenatorLoeffler
Source: politico - 🏆 381. / 59 Read more »
Asia stocks relieved by China export surprise, U.S. bonds face debt floodAsian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while U.S. bond investors were still daunted by the staggering amount of new debt set to be sold in coming weeks. Glorious numbers from our glorious leader are always 100% accurate we believe you china lol
Source: Reuters - 🏆 2. / 97 Read more »
Stocks Finish Negative After Oil Gives Up GainsThe stock market finished slightly lower today after a mixed day of trading by skleb1234
Source: Forbes - 🏆 394. / 53 Read more »