I don't know where the report is coming from. Like Hassett had a interview with Fox News LITERALLY A HOUR AGO. Does this sound like the president will reconsider or not?
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
ForsythSnow
Moderator
Thousand point swings within an hour both ways? Sounds like panic to me.
Headlines..fake or not...move things so absurdly. But...I'll take it...get in and get out.
Out of context then. Wow. Wonder if Bloomberg will delete that tweet?
ForsythSnow
Moderator
And down the stocks go again on that.
They did it to move they market! 100%
They do it all the time with no recourse. It’s legal market manipulation for them
And Bloomberg tweet deleted. The wildest market reaction in 30 minutes I've ever seen.
Good grief...look at the daily. Qs had engulfed Fridays candle and now free falling. I don't trade volatility like this well. Just watching. I don't know what it would take for me to hop back in today.
Reclaimed intraday resistance of $417...added at $417.70 and sold it right away at $427.50. Nice 10pts in about 10 mins. Now just going to watch again. If it just rips from here I am screwed and watch but if it tests $417-419 area again I might add back.
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Many mega caps really green...make sense. They've been beaten up the most and should be first to bounce.
I would be stunned if we don't see SPY/Qs test todays lows this week.
I would be stunned if we don't see SPY/Qs test todays lows this week.
broken025
Member
This is some bipolar ----
I mean you have to laugh at this
Alright...trying again...added back at $415.20 v/s that $414 level which has held most of the morning.
Dang that’s a 84% tariff rate if that comes to friction.
Closed this out at $422.80...quick 7 pts again. They are giving plenty of chances to make money today...but I really want this day to be over...no way I am carrying anything overnight.
As many of us know by now, Trump is flat out lying about other countries’ tariffs that were on that chart as that’s really US trade deficit as a percent of US imports for each country. Before the 10-15% retaliatory tariffs by China last month, the U.S. was a “most favored nation” with tariffs on within quota imported soybeans/corn/wheat a mere 1-2%! The US farmers overall are going to be hurt.
SPY/SPX got no shot if Apple doesn't reverse. As a company Apple will fine until the tariff stupidity is resolved...they are a cash machine.
But....looks like it's headed for mid $160's.
But....looks like it's headed for mid $160's.
Yields up...someone selling treasuries in the face of a bear market. Asia biggest holder of US treasuries and China could really wreck the US. Credit event on top of the tariff mess on top of rising unemployment...really scary time.
I just put in a modest buy order into a managed fund (group of ETFs that are ~70% stocks, ~30% bonds ) for the long-term for a trust. The actual buys won’t occur until tomorrow. That will increase that fund size by only ~10%. That adds to the ~20% buy I did a month ago during that market downturn. That fund, which is still up ~20%, is only a small % of the entire trust assets, which are largely in cash equivalents (very conservative portfolio overall, which is required for this trust).
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Nobody does buybacks like Apple does buybacks. Wouldn’t shock me if they do a big one this week
Good to see. It is insane to me the President has this much unilateral taxing power, regardless of the merits of the strategy.
lexxnchloe
Member
Buying minimally in this area diversified stocks/fund for the longterm like I’m doing for a trust makes perfect sense from a dollar cost averaging standpoint. And then buying a similar amount again should it go down sharply from here, which wouldn’t be surprising. And so on.
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China’s tariffs weren’t “already ridiculous” as Trump just said during Qs from the press. Their top imports from the US are farm products. They were a mere 1-2% on grains and soybeans til just before it added 10-15% retaliatory on the US in March! How is that ridiculous??
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