We were set up for some payback, and are getting a bit of it.
After two days of heavy selling in most stocks that was obscured by resilience of the big-cap indexes, the overall tape succumbed to stretched technical conditions, overheated trader sentiment and a few prominent excuses to question the pace and path of economic improvement.
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Nasdaq secures third straight closing recordThe Nasdaq Composite closed at an all-time high for the third day in a row. It was the first time the Nasdaq finished above 10,000 points. Follow live updates: You can't stop this feeling good about the economic progress. Thanks to Trump, the US had a healthy base to work from economically. That's nice and all, but 30 million Americans are still without jobs. Starbucks is closing 400 stores.
Source: cnnbrk - 🏆 393. / 55 Read more »
What's next from the Fed will help decide the course for marketsHow much the Fed will reveal about its future intentions and what it says about its view of the economy will be key for markets. Prediction.....PPP renewal till after the election and 2 more stimulus payments. Why....because Trump's election rides on the stock market making new All Time Highs. Buy bitcoin and like this tweet Well Nasdaq made all time high. What more do you degenerates want?
Source: CNBC - 🏆 12. / 72 Read more »