I confess the post October 27 stock rally has been a major surprise to yours truly, not so much in form or timing but in scale which has been huge. But the form of the waves off the November 2021 ATHs clearly point to it
Tag: FOMO
Thursday was a pivotal day in the ebullient financial markets. The Dow had made a record-setting 16 consecutive up closes in the US trading sessions up until Wednesday – but then ran into a brick wall and closed lower on the day. And the S&P
The July 4 Independence Day fireworks displays will light up the US skies on Tuesday – and similar pyrotechnics are now on display in the stock markets (also in France!). A slew of ‘strong’ US economic data last week lit the rocket touch-papers and sent
Last week the Nasdaq screamed higher as FOMO investors threw caution to the wind and embraced the bullish frenzy unlocked by the promise of AI to explode growth’ shares’ earnings. But meanwhile ‘value’ shares represented by the Russell 2000 remined relatively moribund. What a difference!
What an incredible week in the stock markets. Manic melt-up FOMO buying of the AI -laced Nasdaq at the same time as this headline hit the front pages: “US corporations are filing for bankruptcy at the fastest pace since 2010″. The image of the Roman
An interesting factoid – posted to VIP Traders Club members yesterday – at the end of Q1 2023 yesterday, the Dow was trading around 32,900. At the end of Q4 last year on December 31, it was trading at – wait for it – 32,900!
So, how high will US rates go before the Fed starts cutting them? That’s the big question on the minds of pro investors/traders. To guestimate their projections they pore over every detail of the stream of US economic news for the best trading strategy. And
The latest US macro data prints are swinging stock indexes around like they are on rubber bands. Last week we had the FOMC with 600 pip Dow down/up swings that day. Then a few days later, Mr Powell gave a speech where he basically made
The much-anticipated FOMC statement on Wednesday’s small 25 bps hike was greeted with open arms by the bulls, who already had pushed the FANG Gang up last month by an astonishing 40%+. Of course, Big Tech had been clobbered most of last year by rising
Bullish mania is running rampant in Pundit-land – at least it was until last week. Human nature, being unfixed probably in millennia, compels most to find easy-to-digest rationalisations for what has just happened. And since June, what happened was the strong share rally off the
Stocks continued their bear market rally last week as more investors are taking the plunge to ‘get back in’ for fear of missing out (FOMO). Bullish sentiment has changed up a few gears with widespread belief the worst of inflation is over and the Fed
