2016:
It's difficult to trust a rally in a downtrend like we're in but bonds are confirming it after the strong economic data this morning.
-GDP came in at +33.1%
-Initial claims were 12,000 lower than expected
-Continuing claims were down about 750,000 from last week.
Stocks up, yields rallying, and bond prices down on the news.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
2016:
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Nasdaq futures are 4%. S&P 500 up over 1%.
Sent from my SM-G930U using Tapatalk
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Weatherweenie's Account Talk
Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.
Just when you thought you understood the markets... Interesting day. No winner, yet stocks soaring again?
It looks good for Biden (I know it's not over ) but I think the Reps holding the senate means fewer potential changes for Wall Street? That's my guess.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
That was my question in my account talk.
Scott Harrison
Senatobia, MS
To make today even more interesting, bonds are rallying / yields dropping on this election story.
Why would yields fall? I can only think of a couple of reasons at the moment.
1) If Biden is declared the winner, he is more likely to shut down the economy over COVID, and taxes in general would rise for corporations and higher income individuals. That could slow down growth.
2) With the Reps looking like they will hold onto the Senate, stimulus is not a guarantee, so more concerns for the economy.
And this is what the bond market is doing. Yields are on top, bond prices below...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Yields are popping back up to fill that large gap.
The high yield bond fund is trying to hold onto Thursday breakout above inverted had and shoulders pattern.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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