Thread: WorkFE's Account Talk

Market calendar is light these first 2 days this week but picks up after Tuesday. Lots of digestible information for those that are into that.

Chicago Fed President is doing a radio interview today, after noon cutoff of courses and this evening the Minneapolis FP speaks.

Wells Fargo raised its yearend target of the S&P to 5535. Thats a little over 6% from Fridays close. I could live with that.

With all this great news out there, what could possibly go wrong.
Treasury yields aren’t acting like the Fed is done hiking interest rates (msn.com)
CNBC Daily Open: What rate cut? (msn.com)
Jamie Dimon Warns U.S. Might Face Interest-Rate Spike (msn.com)

Call today a stalemate, slight edge bears.

Originally Posted by WorkFE

Call today a stalemate, slight edge bears.

In the markets that is. In the C, S, I funds the push goes to the bulls by a bit.

It seems that the stalemate is somewhat over. I won't say the bears are in control, this is an extremely news driven market, but they are certainly trying to take charge. Could be, Sell in May and Go Away, came early.
I wouldn't rule out a correction, IMHO we've been heating up for a while now.

Last week was a tad painful. Although I'm not overly invested in C, S and I (only 3% each) it still smarted.
Lots on the calendar this week which has the potential to recover last weeks losses but it could also push us lower.
Keeping a weary eye on Friday when Chicago Fed Pres. speaks, around 10:30. Any gains this week could be wiped out in the blink of an eye.

The DOW is off about 4% from its all-time closing High while the NASDAQ and S&P are off about 1.5%.
Considering the couple of bad days we had last week, not terrible. Especially the last two, I thought it would be more than that.

Originally Posted by WorkFE

The DOW is off about 4% from its all-time closing High while the NASDAQ and S&P are off about 1.5%.

The DOW is now about halfway into correction territory with the NASDAQ and S&P working on it.

Kind of just hanging out. Nothing indicates to me that we are headed to Great Depression Territory or rebounding for another leg up. There do seem to be some dip buyers though.
To a lot of folks that 4.250% is looking pretty good right now. I will maintain G-91, C-3, S-3 and I-3.