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Markets this morning seem to have noticed. But the way "the markets" have behaved so far, I expect a full turnaround and record S&P500 numbers by close today.
by JKCalhoun 1y ago
Markets this morning seem to have noticed.
But the way "the markets" have behaved so far, I expect a full turnaround and record S&P500 numbers by close today.
- rescripting 1y agoHave they? Major indexes are down a few tenths of a percent as of 10am EST...
- JKCalhoun 1y agoYou're right — but all week when I've checked after some new bad numbers, the markets were up. But, sure, they'll be back in the black soon enough today.
- JKCalhoun 1y agoHmmm... still down. Oh well, they'll be up again tomorrow.
- paulpauper 1y agoafter big gains earlier in the week
- micromacrofoot 1y agovibe economy doesn't operate on facts
- JKCalhoun 1y agoOr is it a meme economy?
- micromacrofoot 1y agomemes are a manifestation of vibes, darmok and jalad at tanagra
- jcfrei 1y agoThey have just done a full turnaround. But speaking of "the markets" is a bit problematic at the moment since the mag7 now constitute a third of the SP500 market cap and they have been affected little by tariffs. Instead the great AI story keeps chugging along pretty nicely while the rest of the market - the SP493 - goes basically nowhere.
- paulpauper 1y agolosses recovered, indexes near record highs again. No one seems to care. Multinationals making record profits still. This does not change the propensity of consumers to keep spending, or of large companies to keep generating cash. People may complain about high prices but will not modify their spending habits much.
- instagib 1y agoThere are also dark pools which we don’t see. “U.S. Estimates show that it accounted for approximately 40% of all U.S. stock trades in 2017 compared with roughly 16% in 2010.” https://www.investopedia.com/articles/markets/050614/introduction-dark-pools.asp https://www.investopedia.com/articles/markets/050614/introdu...
- jcfrei 1y agoNo idea why you bring dark pools into this since they have nothing to do with specific stock market price actions. Check out this explanation why they are preferred way for large shareholders to change positions: https://youtu.be/XNZ7o3621FY?feature=shared&t=2145 https://youtu.be/XNZ7o3621FY?feature=shared&t=2145 They infer prices from the lit markets - not the other way around.