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Misc Stock Market

GaWx said:
Too late as the stock futures have already closed. I wonder if Biden intentionally waited til they closed to avoid disrupting them before the weekend.
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Ah yeah you’re right. Forgot what time it was, haha. Might’ve been intentional.
 
There are no futures, but post-market isn't reacting all that great, although I expect a gap down Tuesday anyway.

Russia or not, think Tuesday will go a long way to deciding if whether 1/24 was the low or if it was not. If it was, then I think gap down and at least have the VIX movement look suspect for the type of gap down (as in, no higher high).

If it wasn't, then 3800 it is before Powell even speaks about the hike in March, and it may not matter if Russia is not doing anything (feels as if they're going to try to annex parts of Eastern Ukraine).
 
They say cash is losing 8-9% due to inflation…if I had only bought PYPL or Roku a year ago. ?‍♂️

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KyloG said:
They say cash is losing 8-9% due to inflation…if I had only bought PYPL or Roku a year ago. ?‍♂️

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Let me be clear, I think we're gapping down on Tuesday regardless of what happens in Ukraine. That's been the post-OPEX pattern the last couple times, so I don't think it's going to matter if there's positive news or not. Do I expect the ridiculousness of 1/24, no, but I do think Tuesday will at least start down.

What happens from there on Tuesday/Wednesday will go a long way to determining for me if whether 1/24 was the low for at least the time being, or if whether Q1 2022 is going to be somewhat like Q4 2018. If it's the latter, then I expect 3800 before the next FOMC meeting, and for the lead into it to probably be a bear trap.

If it's the former, then I wouldn't be surprised if we went into burn all the puts mode, which is the mode that October last year was in. Then probably get an even nastier correction later in the year...
 
All major indices’ futures have gone vs Fri close from a 1-2% drop bear the open this evening to 1/4-1/2% rises on the latest Ukraine-Russia news suggesting there will be a Biden Putin summit.
 
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