Been a while since we've seen single session 3-4+% gains in equities. I am assuming we'll give some of it back tomorrow. This, like most recent moves in equities, was over done.
But hey, 3 more days like this and the year won't be a total loss <G>
Reminds me of the 2 10-11% gain days in the midst of the '08 meltdown.
Thank you, Mr. President!
This is ... up butt with coconut
"Reminds me of the 2 10-11% gain days in the midst of the '08 meltdown."
I would not rule out an end of yr rally
However, once the equity and bond folks get things evened up [of which I have zero understanding] except to say the bear market is alive and well
We all know nothing goes straight up or down. It is the trend that counts
Perhaps somebody is nimble enough to do swing trading but I feel more comfortable with trends
The trend is down
I was told that predictions eventually come true. IMHO I expect a year end rally that will continue into next year
and will halt at the resistance levels that were the previous support levels … probably around mid January.
I'm predicting we'll see much higher process in stocks. I've just given up on predicting when that will happen :-)
I agree Tim, we see higher prices but have given up on trying to time the moves. It didn't seem like a top to me, not enough overwhelming conviction of higher prices to come. If Trump continues with his agenda, the deficit will begin to roll over and trend down. There is a lag before that happens. If it happens, the pressure on the bond market will ease somewhat. Interest rates will continue to rise, but at a more manageable pace.