Are we anywhere near a bottom? The market is seriously oversold. We know what the market needs in order to steady itself: 1) rates stabilizing, 2) inflation stabilizing , and 3) earnings commentary that does not force wholesale revision of earnings estimates . Lowry, the nation's oldest technical analysis service, notes the dramatic expansion of 52-week lows on the NYSE and Nasdaq, which means investors are not snapping up any bargains yet.
"Several of those [indicators like dollar and global yields] are at or near levels that suggest a bounce should be forming soon, especially as the seasonals become a tailwind in mid-October. As far as a level, while there will be some talk of a double bottom at the June lows, an undercut that gets closer to the 200-Week Moving Average makes sense to us.
Be honest, the fed balance sheet alone (not including 10% mortgage rates that are coming) will be rolling off $7TRILLION, or roughly the entire combined market caps of: $NVDA $DIS $META $GOOGL $TSLA $AAPL $AMZN $GS $JPM $AMD $SNAP $ROKU $SOFI
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: What to WatchThe pound hit a record low against the U.S. dollar amid concerns among investors about the new U.K. government's approach to tax cuts and economic growth For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Derrick_wright3 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: WSJ - 🏆 98. / 63 Read more »
If you're selling stocks because the Fed is hiking interest rates, you may be suffering from 'inflation illusion'Forget everything you think you know about the relationship between interest rates and the stock market. MktwHulbert High interest rates are NOT THE PROBLEM. The VELOCITY of changes ARE the problem. When you are raising rates faster than you allow those rates to circulate through the economy...THAT IS THE PROBLEM. Does ANYONE that writes for financial news agencies understand economics? MktwHulbert No, but I have less money after paying the mortgage to buy them 🤔🤷♂️😂😂 MktwHulbert Yeah, okay. Just like Inflation is good, 🤡
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks crashing? No, but here's why this bear market feels so painful --- and what you can do about it.Trending social-media hashtags aside, the U.S. stock market hasn't crashed --- but a volatile bear market is making for queasy investors. We must be ready for a bear market ドル高だからねぇ Biden & Obama are good at this
Source: MarketWatch - 🏆 3. / 97 Read more »
Casino stocks rally after Macau looks set to ease COVID-19 travel restrictionsShare of casino operators rallied in premarket trading Monday, to buck the selloff in the broader stock market, as investors cheered news that Macau looks... Ivermectin reduces COVID death risk by 92%, peer-reviewed study finds I can now proudly say I've met an expert in the market after 5 long years of trading without profiting. Stop trading and loosing your money while experts can give you good and profitable trading results. You can still get it all right with the help of Neliwecynthia.
Source: MarketWatch - 🏆 3. / 97 Read more »