Happened to be watching CNBC while working out at a gym between 3:00 and 3:45. S&P was in a tight trading range during that time - running just +0.8% - 1% higher for the day. But the close had it up 1.46%
at 4076.6. Yikes - some fireworks the last 15-20 minutes one might guess. Looks like most everything did well. Crude and most metals saw slight gains - but equities were the place to be. One European consumers staples stock I own bounced 2%. Don’t know if that was typical of most of the continent. As @Sven
noted elsewhere, the defensive consumers staples types have been back-sliding recently while the NASDAQ and riskier parts of the market have revved-up.
Other numbers: DOW +1.09%
FOMC meeting / statement tomorrow. I don’t think today’s sort of market action makes them very happy.
Uncle Powell likely 0.25% tomorrow and a other 0.25%?next few months
Hard to say what will happen
Market ran harshed/ melt up anticipated futures events past 3 4 wks
Everyone of friends and their mamas/papa's cousins were shorting the past 2 3 wks and got burnt very badly... ***when the tide recedes we will know whom are swimming naked short***
Not sure who is right, mburry short master say sale, Jim Cramer say we are in bull market...
“Party hearty …”
Enjoying the ride, Derf
Did not buy sale much