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Stocks sold off on Thursday as investors' concern over interest rate hikes plus continued signs of economic weakness adds up to some trouble and a good reason for some profit taking. The Dow lost 254-points on the day.
The Fed has painted themselves in a corner and are looking to get out of this 0% interest rate environment but a sharp decline in commodities, in particular
Stocks opened lower on Monday and except for a brief rally toward the end of the day, they couldn't really get any traction. The Dow ended the day down 180-points and we saw losses near 1% on many of the major indices.
TSP Talk Sentiment Survey results for the week of 11/09/15 - 11/13/15
The TSP Talk Sentiment Survey came in at 58% bulls, 29% bears.
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Stocks sold off at the open on Friday after a much better than expected jobs report. Estimates were looking for a gains of 181,000 jobs, and the actual number was +271,000. The positive surprise initially sent stocks lower as it may have solidified a rate hike by the Fed in December. The unemployment rate dipped to 5.0%.
After the initial decline, buyers stepped right up and grinded the indices higher into the close and the Dow, which was down
For those of you who read my account talk thread, you know I moved to Europe this week. Along with the spotty internet connection from the hotel, the time zone change has wreaked havoc on my mental ability to analyze the markets from this side of the pond. For some reason (jet lag) it is very strange to watch the markets from home (after getting off work) but I am optimistic that once Iíve settled into a routine, Iíll be an even better version of myself (as a trader) than I was before.