FUTURES are up over 1% across the board.....
The stock market
2 pm today the FED announces rate hike..... Baked in already
Looks like it could be an interesting day...........
[[IMG alt="Barrons.com"]https://s.yimg.com/ny/api/res/1.2/9oPTa5pSKBx3swFwVNKWaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwMjtoPTQ4O2NmPXdlYnA-/https://s.yimg.com/os/creatr-uploaded-images/2020-11/d8ed2e90-2b76-11eb-b7ff-2cdf8df401e0[/IMG]]('http://www.barrons.com/')
[HEADING=2]China’s Intervention Sends Stocks Soaring. Powell’s Unlikely to Make That Big a Splash.[/HEADING]
[URL unfurl="true"]https://www.barrons.com/articles/things-to-know-today-51647425887?siteid=yhoof2[/URL]
Futures:
[LIST]
[*][HEADING=2][S&P Futures]('https://finance.yahoo.com/quote/ES%3DF?p=ES%3DF')
4,316.75
+54.75(+1.28%)[/HEADING]
[*][HEADING=2][Dow Futures]('https://finance.yahoo.com/quote/YM%3DF?p=YM%3DF')
33,923.00
+391.00(+1.17%)[/HEADING]
[*][HEADING=2][Nasdaq Futures]('https://finance.yahoo.com/quote/NQ%3DF?p=NQ%3DF')
13,693.50
+241.75(+1.80%)[/HEADING]
[*][HEADING=2][Russell 2000 Futures]('https://finance.yahoo.com/quote/RTY%3DF?p=RTY%3DF')
1,989.00
+24.30(+1.24%)[/HEADING]
[*][HEADING=2][COLOR=rgb(44, 130, 201)]EL[/COLOR]
258.90+8.52 (+3.40%)
At close: March 15 04:00PM EDT
265.90 +7.00 (+2.70%)
Pre-Market: 08:30AM EDT
[/HEADING]
[/LIST]
.............even if you're old and gray."
"Well, it's alright.
............you still got something to say."
now we wait & see if it sells off tomorrow or keeps it up - my gut tells me the former
the day after FED usually goes opposite.....the market has to back test and accept higher prices and traders who went long at the end of the day are trapped and have to be punished...then we go higher....wheeeeeeee!!
the day after FED usually goes opposite.....the market has to back test and accept higher prices and traders who went long at the end of the day are trapped and have to be punished...then we go higher....wheeeeeeee!!
if you say so..........
.............even if you're old and gray."
"Well, it's alright.
............you still got something to say."
if you say so..........
THE Historical data says so as the most probable course of direction......the market is like black jacket...it's all about playing the odds in your favor.....I'm talking short term.
you are buy and hold forever,,,I cannot do that...but hey whatever works for you
the pullback was minor....now giddy up!!!
[HEADING=2]Five Things You Need to Know to Start Your Day[/HEADING]
[HEADING=1][/HEADING]
[HEADING=1]50 points[/HEADING]
Federal Reserve Chair Jerome Powell [said]('https://www.bloomberg.com/news/articles/2022-03-21/powell-says-fed-ready-to-hike-faster-go-restrictive-if-needed?srnd=premium-europe&sref=A5sD80HK') Monday that the central bank is prepared to raise interest rates by 50 basis points at its next meeting in May if needed. His comments — a more hawkish tone than just a few days previously — [sparked]('https://www.bloomberg.com/news/articles/2022-03-21/bonds-suffer-one-of-worst-days-in-a-decade-as-fed-spurs-rethink?srnd=premium-europe&sref=A5sD80HK') a flurry of market moves, with yields across much of the curve soaring to the highest since 2019. Market participants [said]('https://www.bloomberg.com/news/articles/2022-03-21/-waking-everyone-up-wall-street-reacts-to-powell-s-hawkishness?srnd=premium-europe&sref=A5sD80HK') he was essentially shifting from a "jobs at any cost" policy stance to a "kill inflation at any cost" stance.
[HEADING=1]Russia pays debt[/HEADING]
Speaking of bonds, foreign holders of Russia’s sovereign bond maturing in 2029 are watching their accounts after the government said a $66 million payment had been made to its local depository. Ukraine President Volodymyr Zelenskiy said forces were still holding Russian troops at bay on many fronts and indicated that the nation would hold [a referendum]('https://www.bloomberg.com/news/articles/2022-03-22/ukraine-update-biden-flags-cyberattacks-says-putin-desperate?srnd=premium-europe') on the terms of any potential peace agreement. U.S. President Joe Biden warned about new indications of [possible Russian cyberattacks]('https://www.bloomberg.com/news/articles/2022-03-21/biden-says-russia-weighs-cyberattack-urges-corporate-vigilance?srnd=premium-europe').
[HEADING=1]Markets Live Survey[/HEADING]
Investors [reckon]('https://www.bloomberg.com/news/articles/2022-03-22/most-central-banks-seen-as-behind-the-curve-in-global-survey') that most central banks are behind the curve on battling inflation, according to a survey undertaken last week by Bloomberg Markets Live. Value stocks are seen as the best place to hide against rising prices, followed by gold and inflation-linked bonds. Bitcoin came in last, a result that undermines the idea that the cryptocurrency is perceived as a popular haven from inflation. Not surprisingly, the conflict in Ukraine was seen as the biggest unpriced risk for asset prices. [Click here to participate in this week’s Markets Live Survey]('https://selfserve.decipherinc.com/survey/selfserve/1f3a/220307?link=otr22').
[HEADING=1]Stocks climb[/HEADING]
Stocks are trading firmer, led by the banking and insurance sectors in Europe. The Stoxx 600 gained 0.5% while U.S. equity futures clawed their way back to gains after a subdued session in Asia. Bond markets continue a retreat after Monday’s selloff. The dollar has taken a small knock, reversing modest gains made in Asia. Oil futures also trade poorly, albeit after several days of gains. In the metals space, LME nickel has finally managed to stay within the daily limit imposed by the exchange, so far down just over 9%. Spot gold is down roughly $12, near $1,923/oz.
[HEADING=1]Coming up...[/HEADING]
The Richmond Fed's Manufacturing Survey at 10 a.m. and Canada's Industrial Product Prices at 8:30 a.m. are the only releases of note. Watch out for commentary from central bankers though: there's a BIS Innovation Summit as well as the fourth annual joint conference of the Deutsche Bundesbank, European Central Bank and Federal Reserve Bank of Chicago. We have scheduled appearances from ECB President Christine Lagarde and others, including members of the Fed. In earnings, Adobe Inc. and Carnival Corp. are due to report.
Think about all those rite aids and cvs giving out free in some cases (vaccines) the foot traffic that will bring in....and they purposely locate pharmacies in the back of the stores so you will be motivated to impulse buy!!! These are not high flyers but still......
went from 79 to 109 today!! schwing!
MODERNA at 100 now....should go up this week on vaccine news
went as high as 497 yikes!!! 168 today...still good
Bidens budget new taxes on corporations and billionaires.....watch all the dirt poor well trained dogs rally against it!! lol
Many pay ZERO!!!! Corp taxes will not hurt the market!!
This is the end of the month...they will keep the market UP......April may bring SHOWERS!!!
Hope you're all having fun and not getting your pockets picked clean.......
Should have moved my deffered comp months ago. Too late now, time to ride it out. I'm still contributing (havent maxed out yet) so I'm buying low.
Market's rockin' today..................
He did that!!
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