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Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3854
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 31, 2021 - 6:00 pm: |
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Closing Stock Market Summary
The major indices declined modestly on Friday amid some slippage into the close, but still wrapped up 2021 with double-digit percentage gains. The Nasdaq Composite fell 0.6% amid weakness in the mega-caps, while the S&P 500 (-0.3%), Dow Jones Industrial Average (-0.2%), and Russell 2000 (-0.2%) closed slightly lower.
There weren't any specific catalysts today, but the underperformance of the mega-caps suggested there was some year-end rebalancing activity in the mix. Some of that activity likely happened into the close, as the relatively weak finish coincided with an increase in trading volume.
Six of the 11 S&P 500 sectors closed higher while five closed lower. The consumer staples sector (+0.7%) was the only sector that gained more than 0.5%, while the communication services sector (-1.2%) declined more than 1.0%.
Illustrating the year-end activity, the Vanguard Mega Cap Growth ETF (MGK 260.76, -1.55) declined 0.6% today and ended the year with a 28.0% gain -- roughly equal to the 27.6% gain in the Invesco S&P 500 Equal Weight ETF (RSP 162.75, unch).
Pfizer (PFE 59.05, +0.65, +1.1%) outperformed amid news that its oral antiviral for COVID-19 was approved by UK regulators for people with mild-to-moderate disease and that Israel will offer a fourth coronavirus vaccine to nursing home residents.
The Dow Jones Transportation Average (+0.6%) was another an area of relative strength, particularly the non-airline components like Norfolk Southern (NSC 297.71, +2.98, +1.0%) and CSX (CSX 37.60, +0.28, +0.8%), which set record highs.
The Treasury market had an uneventful, abbreviated session. The 2-yr yield decreased one basis point to 0.73% (+61 bps in 2021), and the 10-yr yield was unchanged at 1.51% (+59 bps in 2021). The U.S. Dollar Index decreased 0.4% to 95.63. WTI crude futures fell 2.2%, or $1.70, to $75.15/bbl (+55.7% in 2021).
Investors did not receive any economic data on Friday. Looking ahead, investors will receive Construction Spending for November on Monday.
S&P 500 +26.9% YTD
Nasdaq Composite +21.4% YTD
Dow Jones Industrial Average +18.7% YTD
Russell 2000 +13.7% YTD |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3853
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 31, 2021 - 2:10 pm: |
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SOXX Industry Briefing: Chipmakers (543.61 -0.35)
The stock market is little changed on the final day of 2021 with all eleven sectors trading within 0.4% of their respective flat lines. The top-weighted technology sector (-0.2%) holds a slim loss, masking relative strength among chipmakers, as the PHLX Semiconductor adds 0.1%.
Key factors driving today's performance include:
Gains in all but eight components helping the industry group build on this year's outperformance. The SOX index has gained 3.2% in December, extending its 2021 gain to 41.6% versus a 33.8% year-to-date gain in the tech sector and a 21.9% year-to-date gain in the Nasdaq.
Limited participation on the final trading day of 2021.
Notable movers:
CMC Materials (CCMP 191.93, +1.36, +0.7%): best performer in the sector, snapping a three-day skid. Stock has gained 27.0% in 2021.
ON Semiconductor (ON 68.10, +0.49, +0.7%): trading near the midpoint of yesterday's range. Stock has gained 108.2% in 2021.
KLA Corp (KLAC 429.53, +2.45, +0.6%): trading in the lower half of yesterday's range. Stock is up 66.0% in 2021.
Lam Research (LRCX 722.35, +4.02, +0.6%): trading in the lower half of yesterday's range. Stock is up 52.9% in 2021.
Silicon Labs (SLAB 207.14, +0.95, +0.5%): reclaiming yesterday's loss. Stock is up 63.2% in 2021.
Semtech (SMTC 88.96, +0.43, +0.5%): trading near the midpoint of yesterday's range. Stock is up 23.6% in 2021.
Taiwan Semiconductor Manufacturing Co (TSM 120.90, +0.48, +0.4%): trading near the midpoint of yesterday's range. Stock is up 10.9% in 2021.
AMD (AMD 145.53, +0.38, +0.3%): trading near the midpoint of yesterday's range. The company pushed back the expected closing date for its acquisition of Xilinx (XLNX 212.16. -1.72. -0.8%) to Q1. Stock is up 58.2% in 2021.
NVIDIA (NVDA 295.43, -0.43, -0.2%): slipping to its 50-day moving average (292.99). Stock is up 125.8% in 2021.
Micron (MU 93.60, -0.20, -0.2%): revisiting yesterday's low. Stock went ex-dividend today and is up 24.4% in 2021.
Intel (INTC 51.58, -0.16, -0.3%): revisiting its low from Monday. Stock is up 3.5% in 2021.
Xilinx (XLNX 212.16, -1.72, -0.8%): weakest performer in the group, slipping toward its 50-day moving average (207.71) after AMD pushed back its expected closing day for the acquisition of XLNX. Stock is up 49.7% in 2021. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3852
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 31, 2021 - 9:32 am: |
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Quiet action in the futures market
S&P 500 +27.2% YTD; Nasdaq +22.1%; DJIA +18.9%; and Russell 2000 +13.9%
Health officials suggesting Omicron cases in U.S. could peak mid to late-January
U.S. stock market open for full day of trading; bonds close early at 2:00 p.m. ET |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3851
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 31, 2021 - 9:31 am: |
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World markets lacking enthusiasm to end the year
The global equity markets are mixed heading into year end. S&P Futures are down about seven points to trade around the 4765 area. The market saw sellers step in shortly after the evening's open, taking spoos down to 4750.50. The grind back to the current level took the bulk of the session. The high rests at 4776.00.
In Asia, China rose 0.6%. The Shanghai was strong right out of the gate after December Manufacturing PMI topped expectations at 50.3, compared to consensus of 50.0. The Non-manufacturing PMI also beat the forecast with a print of 52.7. There may also have been some year-end window dressing that helped propel the Chinese benchmark to finish just off the high of the day. In Japan, the Nikkei was closed for public holiday.
In Europe, the major bourses that are open are slightly lower on thin trade. The FTSE and CAC will trade for only a half session while the DAX is closed today. The overall tone is sluggish in France with only six of the 40 stocks in the CAC trading in positive territory. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3849
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 30, 2021 - 9:20 am: |
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Labor Report
The key takeaway from the report is the recognition that the four-week moving average for initial claims (199,250) is the lowest it has been since October 25, 1969, which reflects the tightness of the labor market.
The four-week moving average for continuing claims decreased by 59,500 to 1,859,500. That is the lowest level for this average since March 14, 2020.
The total number of continued weeks claimed for benefits in all programs for the week ending December 11 was 2,177,355, an increase of 39,363 from the previous week. In the same week a year ago, there were 20,492,081 weekly claims filed for benefits in all programs. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3848
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 30, 2021 - 9:20 am: |
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Positive bias carries over in futures market
Modest gains expected at the open for the cash indices
Another slow news day; trading volume expected to be light again |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3847
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 30, 2021 - 9:19 am: |
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World markets stagnant overnight
The global equity markets have a slight upward bias. S&P Futures are modestly higher, up about four points to around 4788. The market traded in a narrow range throughout the Asian session but took a small step higher upon the European trade. The low was set early on at 4775.50 while the high resides at 4792.50.
In Asia, China rose 0.4% and Japan slid 0.6%. The Shanghai saw a sentiment boost after reports that the state will put efforts into a recovery by reducing income tax rates. In Japan, the Nikkei fell for the second consecutive day. Coronavirus cases hit a two-month high on Thursday. Video game makers fell out of favor with the likes of Nintendo and Konami dropping 2%.
In Europe, the major bourses are flattish. Economic data was light, giving these markets little to digest. Automakers are among the sectors showing weakness with names such as Daimler, BMW and Stellantis down 0.5-1%. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3846
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 28, 2021 - 6:44 pm: |
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Coinbase Global struggling to get back to November highs as Bitcoin's slump continues (261.63 -18.63)
Coinbase Global (COIN -6%) has come under intense selling pressure today as Bitcoin prices reversed course from yesterday's solid jump. With COIN deriving nearly all its revenue from the buying and selling of cryptocurrency on its exchange platform, the stock tends to mirror the broader crypto market, which continues to be incredibly volatile.
However, this volatility acts in COIN's favor as it boosts the number of Monthly Transacting Users (MTUs). When prices remain stable, trading volumes tend to be fairly muted. This is primarily why the company missed on Q3 earnings and revenue.
Nonetheless, COIN benefits much more from a surging crypto market than a lagging one, as more MTUs will flock to its platform when prices keep going up. Also, during COIN's Q3 earnings call in early November, because the crypto market was currently hot, the company bumped up its FY21 outlook. COIN forecasted its FY21 MTUs to range from 8-8.5 mln. COIN also noted that Q4 was off to a strong start, with volatility and prices both up in October. As a result, the company predicted that Q4 MTUs will be higher than in Q3.
Therefore, with Bitcoin struggling to recover from a massive dip earlier in the month that wiped out about 20% of its value, COIN is similarly seeing significant selling pressure today.
However, COIN has also made strides in diversifying its revenue stream. For example, in Q3, the company posted a 41% jump sequentially in its subscription and services revenue. COIN also pointed out that 28% of its retail MTUs also engaged with a second product on the platform, such as Staking, Earn, Borrow, and Lend. COIN also noted that these products and services are just the beginning, and it plans to launch more in the coming quarters in a further effort to reduce its dependence on crypto markets.
Overall, with COIN not reporting Q4 earnings until possibly March, there is still plenty of time for the crypto market to see a solid recovery. However, in the short-term, the sell-off happening in the crypto space may continue to keep a lid on COIN from getting back to all-time highs from early November. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3845
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 28, 2021 - 12:17 pm: |
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The stock market is a little more reserved today, but, noticeably, it continues to show some good resilience to selling efforts after the S&P 500 set a new all-time high on Monday. Gains are more modest in scope, yet some mixed action in the mega-cap stocks is disguising what is generally a positive bias.
Market participants have found some relief in the CDC's revised recommendation that asymptomatic COVID-19 people only need to isolate themselves for five days instead of 10 days. That news has sparked a rebound in many of the travel-related stocks, yet underlying momentum has provided most of today's foundational support for the broader market. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3844
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 28, 2021 - 9:41 am: |
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The CDC cut the days people need to quarantine from 10 to 5 days. One of the bigger concerns with the omicron spread has been the impact on workers' attendance. The airlines highlighted how disruptive this can be. Economists started cutting growth expectations for Q4 and Q1. This announcement is a key development for the markets. It will not stop the disruptions but it will limit the lasting impact it could have on growth. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3843
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 27, 2021 - 7:38 pm: |
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The market didn't seem drawn to any specific piece of news, nor was there any economic data to influence investing decisions. Instead, the market appeared to benefit from a continued willingness among investors to buy equities when momentum remained in their favor, particularly at a seasonally-favorable time of the year.
Retail investors might have had a greater role today based on the light trading volume at the NYSE and the huge gains in market favorites like Apple (AAPL 180.33, +4.05, +2.3%), Microsoft (MSFT 342.45, +7.76, +2.3%), Meta Platforms (FB 346.18, +10.94, +3.3%), Tesla (TSLA 1093.94, +26.94, +2.5%), and NVIDIA (NVDA 309.45, +13.05, +4.4%).
The mega-cap growth stocks did the heavy lifting while small-caps and micro-caps went along for the ride, as did value stocks. The Russell 1000 Growth Index rose 1.5%, versus a 1.1% gain in the Russell 1000 Value Index.
Looking at industry news, travel stocks struggled amid reports highlighting the disruptions that airlines and cruise lines have faced because of Omicron-related issues. Retail stocks benefited from Mastercard SpendingPulse data indicating that retail sales grew 8.5% year-over-year this holiday season (Nov. 1-Dec. 24). |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3842
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 27, 2021 - 7:37 pm: |
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Today's stock market looks a mile wide and an inch deep, which is to say there isn't much institutional sponsorship. Institutions, though, are probably more than happy to ride the retail bid to higher highs.
There could be some payback looming, though, in coming days/weeks since the heady gains off last Monday's lows have been predominately sentiment driven. That leads to overextended positions that are ripe for profit picking when the market runs deeper.
Tesla (TSLA 1107.96, +40.96, +3.8%), for example, is up 25% from its low last Tuesday. That's a 25% move in less than three trading sessions for a stock sporting a $1 trillion plus market capitalization. That's pretty astounding for a stock that size, yet the volume off that low has only been slightly higher than average. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3841
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 21, 2021 - 10:16 am: |
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Views on Omicron and Build Back Better plan calming down a bit for now
President Biden discusses support measures to deal with Omicron, but not pointing to any lockdown moves |
Medical_miracle
Kurra Bewarse
Username: Medical_miracle
Post Number: 3161
Registered: 08-2020
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 21, 2021 - 9:35 am: |
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Entrepreneur:In the rebound-minded zone
yesterday was little better. ee roju ela untado. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3840
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 3:32 pm: |
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In the rebound-minded zone
The stock market has had a tough start to the shortened week, but is off its worst levels of the day as the intensity of the early selling pressure has dissipated.
The S&P 500 for its part is now "in the zone" where buyers have often liked to buy on weakness. The zone is the 3-5% pullback area from a prior high. That has been a typically reliable bounce point for a short-term oversold market in the intervening months since the pandemic low of March 2020.
At today's low, the S&P 500 was down 3.8% from its closing high on December 15. That was three sessions ago and the day of the FOMC decision and Fed Chair Powell's press conference.
The drop into "the zone" is a potential short-squeeze catalyst along with the understanding that this latest pullback phase has also dropped the S&P 500 below a typically reliable technical support level at its 50-day moving average (4607).
These factors might not win out in today's session, but they are apt to stir visions of a possible rebound effort in coming days if the market can shake its worst concerns about Omicron and the Fed shifting to a tighter policy position. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3839
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 1:01 pm: |
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If this 4535/4538 zone cannot attract bids to maintain support, then I have the next level of interest around 4519/4522 which is the Weekly S2 and 100-day sma on the SPX. Below that, 4500/4490 zone is key. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3838
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 12:58 pm: |
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General de-risking to start Christmas week
The stock market has started this shortened Christmas week with a lump of coal in its stocking. The major indices are suffering some sizable losses in a general de-risking trade. The de-risking move has been catalyzed by several factors that have fueled growth concerns:
Reports of more countries tightening restrictions to protect against the rapidly-spreading Omicron variant.
Senator Manchin (D-WV) informing FOX News over the weekend that he cannot vote for the $1.75 trillion Build Back Better bill.
Worries that the Fed will make a mistake by tightening policy at the same time the economy is slowing, potentially making any slowdown worse.
Selling pressure has been persistent since the open, yet the understanding that it is a general de-risking trade is borne out in the following developments:
The Vanguard Mega-Cap Growth ETF (MGK 248.62, -3.84, -1.5%) is down 1.5% while the Invesco S&P 500 Equal Weight ETF (RSP 153.56, -2.95, -1.9%) is down 1.9%.
All 11 sectors are down. Losses range from 0.6% (consumer staples) to 3.0% (energy).
Declining issues lead advancing issues by a better than 5-to-1 margin at the NYSE and a 4-to-1 margin at the Nasdaq.
Today's selling interest follows on top of the weakness seen at the end of last week and it has dropped the S&P 500 below its 50-day simple moving average (4607). The latter is a key technical support level which has often triggered a buy-the-dip response, but so far buyers have remained a hesitant bunch in a vacation-minded market. The CBOE Volatility Index is up 18.3% to 25.51 on efforts to hedge investment portfolios. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3837
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 10:58 am: |
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Stocks are falling to start the week as the Omicron variant of COVID-19 continues to spread across the world and weigh on near term economic prospects. Meanwhile, the Build Back Better legislation from Democrats is dead in the water. Hopes for a Christmas/year-end rally based on seasonality are starting to fade. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3836
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 9:06 am: |
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Futures market signals sharp losses at the open
Omicron concerns a primary driver of weakness
Sen. Manchin says he can't support $1.75 trillion BBB plan
Worries about Fed making a policy mistake with tightening also in the mix
Goldman Sachs cuts GDP view for Q1, Q2, and Q3 2022
PBOC cuts one-year loan prime rate to 3.80% from 3.85%; first cut since April 2020
Oil slumps more than 4% on slowdown worries
Treasury yields trade lower in defensive trade |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3835
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 9:05 am: |
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World markets take an early punch to the gut
The global equity markets are under heavy pressure. The weakness comes from all directions including ramped up lockdowns across the globe and reports that Senator Joe Manchin (D-WV) will not support the Build Back Better Act which means the legislation can not pass the Senate. S&P Futures are down about 54 points to trade around the 4556 area. Sellers stepped in right upon last night's open. The high print of 4621.50 was established within the first few minutes of trading. Selling was steady throughout the session with the low residing at 4526.25.
In Asia, both China and Japan took hits. The Shanghai struggled despite the PBOC cutting its benchmark rate to 3.80%, down from 3.85%. This was the first reduction in 20 months. In Japan, the Nikkei fell over 2%. There were very few winners on this day but Nintendo managed to buck the tone with a better than 1% gain.
In Europe, the major bourses are all lower by more than 1%. Many regions have instituted new lockdown measures, with the Netherlands touting the tightest. The UK is mulling similar actions. Germany, France and Austria also imposed new travel restrictions. The news has dampened sentiment, taking its toll on the markets. Energy names are outpacing the benchmarks lower. Shell and BP are down by 3-4% with Crude oil futures trading back near the $68 level. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3834
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 20, 2021 - 9:05 am: |
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Medical_miracle:please market ni paike lepu. inka naa valla kadu.
sorry bro some more blood in the markets... |
Medical_miracle
Kurra Bewarse
Username: Medical_miracle
Post Number: 3157
Registered: 08-2020
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 17, 2021 - 12:37 pm: |
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Entrepreneur:
please market ni paike lepu. inka naa valla kadu. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3832
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 17, 2021 - 9:35 am: |
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It's a quad-witching Friday in the final month of the year, which could potentially lead to very unpredictable price action. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3831
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 2:10 pm: |
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Reviewing today's economic data:
Housing starts in November increased 11.8% month-over-month to a seasonally adjusted annual rate of 1.679 million units
The key takeaway from this report was the strength seen in single-unit activity for both starts (+11.3%) and permits (+2.7%), as new supply is greatly needed in a tight and increasingly cost-prohibitive housing market.
Initial jobless claims for the week ending December 11 were a bit higher than expected, increasing by 18,000 to 206,000
The key takeaway from the report is the understanding that the four-week moving average for initial claims (203,750) is the lowest since November 15, 1969.
The preliminary IHS Markit Services PMI decreased to 57.5 from the final reading of 58.0 in November. The preliminary IHS Markit Manufacturing PMI decreased to 57.8 from the final reading of 58.3 in November. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3830
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 2:07 pm: |
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Growth stocks fumble post-FOMC gains
The S&P 500 is down 0.6% in midday action, as the heavily-weighted growth stocks fumble their post-FOMC gains and obscure the gains in the value stocks. On an equal-weighted basis, the S&P 500 is up 0.3%. The Dow Jones Industrial Average is up 0.1%.
The underperformance of the growth stocks is best represented by the steep losses in the Nasdaq Composite (-2.0%) and S&P 500 information technology sector (-2.5%), which are down 2.0% and 2.5%, respectively. |
Medical_miracle
Kurra Bewarse
Username: Medical_miracle
Post Number: 3154
Registered: 08-2020
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 11:33 am: |
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Market still falling.  |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3829
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 11:25 am: |
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The broader stock market is doing well today. Several of the mega-cap stocks and other growth stocks are not. That distinction is at the heart of the divide between the Invesco S&P 500 Equal Weight ETF (RSP 160.75, +1.40, +0.9%) and the Nasdaq Composite (-0.6%). It is also at the heart of the underperformance of the information technology (-1.1%) and consumer discretionary (-0.9%) sectors.
The turn in the growth stocks can't be pinned on rising interest rates.
The 10-yr note yield, in its newly frenetic fashion that has it trading more like a high-beta stock, is down three basis points at 1.43% after having pushed above 1.47% earlier. The 2-yr note yield, meanwhile, is down five basis points to 0.62% in a move that might suggest a burgeoning belief that the Omicron variant is going to convince the Fed to take a more cautious-minded step into a tightening cycle.
Whatever the case may be, that steepening is contributing to the outperformance of the bank stocks and the financial sector (+1.7%). |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3828
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 11:06 am: |
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The bullish case consists of relief that the "big scary fed meeting" is out of the way now. Nevermind that it was probably a more hawkish shift than analysts were anticipating. It seems to have confronted a market that was overly cautious, overly hedged, and/or leaning short risk and long dollars. Now the way is open for a year-end short-crushing rally in stocks.
The bearish case consists of awareness that the Omicron variant is going to be a further setback for global supply chains, putting the Fed in a position where it might have to speed up policy normalization in Q1 even as the economy struggles in a more clearly stagflationary context. And will the market begin to see around that corner ahead of year-end.
At this point, I would say I am about 50/50 on this and eager to see more tape to tip me one way or the other. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3827
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 8:43 am: |
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Futures market keeps post-FOMC rally party going
Bank of England surprises with rate hike; ECB leaves rates unchanged, as expected
REGN says study shows its antibody loses potency against Omicron |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3826
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 7:38 am: |
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Spy:
Santha rally is here...
ran too much too fast, konchem careful ga undali!! |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3825
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 16, 2021 - 7:37 am: |
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World markets tack on gains
The global equity markets are flying higher. The US markets have extended the rally seen after the FOMC release. S&P Futures are trading about 29 points higher to the 4729 area. The market has held a steady bid, save for a small dip that represented the low print of 4697.00. Spoos are currently pushing back toward the high that resides at 4732.25.
In Asia, both China and Japan saw solid gains. The Shanghai followed the flow of the rest of the world with a 0.8% advance. Leadership arose from the Industrial, Energy and Financial sectors. In Japan, the Nikkei's 2% pop was led by semiconductors such as Advantest, Tokyo Electron and Screen Holdings, which rose 3-5%.
In Europe, the major bourses are off to hot starts. In addition to these markets riding the wave higher, better than expected preliminary Manufacturing PMIs for Germany and the Eurozone are helping the cause. Novartis is among the heavyweights showing leadership. The pharmaceutical giant is up over 4% after it launched a new $15 billion stock buy back. |
Spy
Kurra Bewarse
Username: Spy
Post Number: 1203
Registered: 07-2018
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 15, 2021 - 7:32 pm: |
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Entrepreneur:The stock market went into rally mode as Fed Chair Powell conducted his press conference.
Santha rally is here...
 |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3824
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 15, 2021 - 3:54 pm: |
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The stock market went into rally mode as Fed Chair Powell conducted his press conference. The S&P 500 gained ~60 points, or 1.3%, while the Fed Chair was speaking. The triggers for the positive response included:
Relief that Fed Chair Powell didn't sound more hawkish than feared.
Translated by some as a "sell the rumor, buy the fact" reaction.
A working assumption that policy firming will be gradual.
Short-covering activity.
Pretty much everything has come along for the post-FOMC ride, however, helped in part by some hope that, with the FOMC decision in the rearview mirror now and the debt ceiling issue resolved, the market has some headline clearance for a year-end rally. Developments involving the Omicron variant could change that, but that isn't a focal point for today's rally effort. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3823
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 15, 2021 - 3:37 pm: |
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Fed Chair Powell: Real risk now that inflation may be more persistent
I do think there's a broad expectation among forecasters, including our own, that the bottlenecks will alleviate sometime over the course of this year. If you look at where blue chip forecasts are, which is the group of well resourced large forecasting operations with a long track record, they'll show inflation coming back down significantly toward the back end of next year.
We can't act as though that's a certainty and we're not going to act as though that's a certainty. There's a real risk now, we believe, I believe, that inflation may be more persistent and that may be putting inflation expectations under pressure, and that the risk of higher inflation becoming entrenched has increased. It's certainly increased. I don't think it's high at this moment but I think it's increased and I think that's part of the reason behind our move today is to put ourselves in a position to be able to deal with that risk and I think we are in a position to deal with that risk. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3822
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 15, 2021 - 2:30 pm: |
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Federal Reserve releases statement from the December 14-15 FOMC meeting
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months but continue to be affected by COVID-19. Job gains have been solid in recent months, and the unemployment rate has declined substantially. Supply and demand imbalances related to the pandemic and the reopening of the economy have continued to contribute to elevated levels of inflation. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
The path of the economy continues to depend on the course of the virus. Progress on vaccinations and an easing of supply constraints are expected to support continued gains in economic activity and employment as well as a reduction in inflation. Risks to the economic outlook remain, including from new variants of the virus.
The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent. With inflation having exceeded 2 percent for some time, the Committee expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment. In light of inflation developments and the further improvement in the labor market, the Committee decided to reduce the monthly pace of its net asset purchases by $20 billion for Treasury securities and $10 billion for agency mortgage-backed securities. Beginning in January, the Committee will increase its holdings of Treasury securities by at least $40 billion per month and of agency mortgage-backed securities by at least $20 billion per month. The Committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook. The Federal Reserve's ongoing purchases and holdings of securities will continue to foster smooth market functioning and accommodative financial conditions, thereby supporting the flow of credit to households and businesses.
In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.
Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Raphael W. Bostic; Michelle W. Bowman; Lael Brainard; Richard H. Clarida; Mary C. Daly; Charles L. Evans; Randal K. Quarles; and Christopher J. Waller. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3821
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 15, 2021 - 8:25 am: |
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FOMC decision and updated projections due at 2:00 p.m. ET today; Fed Chair Powell's press conference at 2:30 p.m. ET
Futures market mixed in front of FOMC
Headlines point to simmering tension with US-China relations
Congress agrees to raise debt ceiling by $2.5 trln |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3820
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 15, 2021 - 7:45 am: |
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World markets waiting on cues from Fed
The global equity markets are mixed. This comes as little surprise with the FOMC set to release its update later this afternoon. S&P Futures are hovering right around the flat-line around 4627. The range was contained to a high of 4638.25 and a low of 4620.50.
In Asia, China slid 0.4% while Japan inched higher by 0.1%. The Shanghai suffered from a mixed set of economic data. November Retail Sales saw a slowdown to 3.9%, down from 4.9% in October and below consensus of 4.6%. November housing prices increased 3.0%, but this was also at a slower clip than October's print of 3.4%. On a positive note, Industrial Production topped expectations, rising 3.8% compared to the forecast of 3.6%. In Japan, the Nikkei witnessed a lackluster trading session. Toyota was a bright spot, rising nearly 4% after the automaker announced its long term electric vehicle objectives.
In Europe, the major bourses are off to mixed starts. The FTSE seems to be struggling after hot inflation reports. The November CPI rose 5.1%, topping the expectation of 4.7%. Retail names are under pressure with Inditex and H&M down about 2% after both reported quarterly earnings. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3819
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 7:52 pm: |
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Looking ahead to Wednesday,, investors can expect the FOMC Rate Decision, Retail Sales for November, the NAHB Housing Market Index for December, Import and Export Prices for November, the Empire State Manufacturing Index for December, Business Inventories for October, and Net Long-Term TIC Flows for October. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3818
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 7:52 pm: |
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The market appeared concerned about the implications a more aggressive Fed would have on global growth with COVID-19 still disrupting supply chains and contributing to restrictive policies. Reports indicated that companies in a manufacturing hub in China suspended operations because of an outbreak in cases. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3817
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 3:53 pm: |
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Growth stocks perhaps starting to appreciate a more aggressive Fed
The Producer Price Index for November, which showed the index for final demand up 9.6% year-over-year, was a hot inflation report. In other words, it wasn't good. If anything, it served as another reminder that the Fed has been playing with an inflation fire that is going to require some extra help to extinguish it.
That is, inflation won't burn itself out quickly. Inflation pressures will persist so long as the Fed's monetary policy is stimulative like it is today and, importantly, like it still will be tomorrow when the Fed is likely going to announce an increase in its tapering pace and release a new dot plot that should show an increased probability of three rate hikes in 2022.
The fact of the matter is that the target range for the fed funds rate is still going to be at the zero bound and it is expected to remain there until at least May or June 2022. Say what you will, but a target range of 0.25-0.50% in May or June for the fed funds rate is still dovish (i.e. stimulative) and that is the inflation-fighting problem.
The Treasury market seems to know it, too; hence, the yield curve has been flattening with short-term rates rising and long-term rates falling despite some nasty inflation prints at the consumer and wholesale level.
The message of that move is that the Treasury market is anticipating the Fed is going to be playing catchup to the inflation problem and will look to make up ground in getting it under control by being more aggressive with its policy tightening efforts.
The stock market might now be sensing as much, too. The weakest stocks today (and yesterday) are the growth stocks, which will be more sensitive to rising interest rates. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3816
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 11:25 am: |
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Today's inflation concerns were stoked by the November PPI report, which showed the index for final demand up 9.6% year-over-year, driven by broad-based price increases. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3815
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 11:24 am: |
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Mega-cap stocks driving losses
The stock market has fallen into a bit of a rut, pressured by the following influences:
Concerns that the Omicron variant, while not particularly virulent, can still be a notable drag on growth if it leads to more workers getting sick and more people cancelling travel/entertainment plans.
Ongoing worries about inflation pressures and the potential for more aggressive monetary policy action to rein in inflation.
Hesitation in front of Wednesday's FOMC announcement and release of updated economic and interest rate projections.
Profit taking after a big run. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3814
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 9:32 am: |
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Increased awareness of the Covid factor along with an uncomfortable PPI number has the market starting on the defensive this morning, a day ahead of our first meeting of the new post-pivot Fed. We could see some interesting action today, or we could be in for some chop. I will continue to focus on being patient and selective. No directional bias. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3813
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 9:18 am: |
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Mixed disposition in futures market; not much conviction from buyers or sellers
Omicron variant and FOMC meeting in focus as talking points
PFE reports upbeat study results for effectiveness of oral COVID treatment pill
TSLA down as recent fillings show additional stock sale by Elon Musk |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3812
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 14, 2021 - 9:17 am: |
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World markets still on shaky ground
The global equity markets are under modest pressure to start the day. S&P Futures are down 10 points to trade around the 4650 area. Spoos traded in a fairly narrow range throughout most of the Asian session. The market posted the high of 4676.75 shortly after Europe opened. The S&P took a step lower shortly after and is currently trading just off the low of 4640.50.
In Asia, both China and Japan gave back the prior day's gains. The Shanghai suffered from a downgrade in sentiment after its manufacturing province of Zhejiang suspended many business operations due to rising COVID-19 cases. In Japan, the Nikkei saw weakness in semiconductors and travel names. In the chip space, Tokyo Electron and Advantest dropped nearly 2%. Airliners such as ANA Holdings and Japan Air lost nearly 3%.
In Europe, the major bourses started stronger but have retreated back toward the neutral zone. The FTSE is among the few markets around the world in positive territory. This may be attributed to a decent set of employment data that saw the jobless rate fall to 4.2%. Markets may be falling into a haze with several key central banks set to provide updates later this week. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3811
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 13, 2021 - 8:26 pm: |
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Sellers take early control. Cautious headlines around omicron and the aspect of a hawkish Fed on Wednesday provided an easy excuse for investors to ring the register and take some money off the table.
At the end of the day, we remain in a tight trading range between 4660-4720.
We will close near the low end of that range. The potential for selling in Asian and European markets is high so I would expect to see us breach this level in early trade and put the onus on buyers. That may be difficult as I think most would prefer to see the market reaction to the Fed and economic headlines. Therefore, I would be more inclined to lean on futures tomorrow.
The selling was relatively broad-based.
We had a late day bounce which was primarily in the cyclical names. They were unable to hold this late move, leading to the downward price action we witnessed at the close.
There is little reason to believe buyers will want to step in ahead of the Fed meeting. I think this increases the chance that we could see 4600 tested ahead of the Fed decision.
I still believe the market sets up well for an end of the year rally. The aspect of a hawkish Fed ahead of options expiration on Friday clears the way for another round of shakeouts.
I continue to see more interest in buying cyclicals then tech as we head into 2022. That is where my focus will remain but there are still plenty of trading opportunities around tech in the current volatility. |
Andhravodu
Kurra Bewarse
Username: Andhravodu
Post Number: 3636
Registered: 04-2017
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 13, 2021 - 3:15 pm: |
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when does this stop  |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3810
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 13, 2021 - 2:42 pm: |
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I continue to look for some choppy action into the Fed.
There are a ton of catalysts set to hit the tape this week, but the most important will clearly be the Fed, and I think the tone from Powell will probably be the most important aspect of that event -- ie, will it be a dovish hike where the medicine is in the numbers while uncle Jay helps us take it with his soothing talk about us only needing a minor adjustment to the policy path to keep inflation under control, or will it be Daddy Jay coming to give us a time out, with threats of additional sharp hawkish adjustments to come because long-term price stability is truly and seriously at risk.
If I had to guess, I would expect more the former than the latter, which could help to fuel a breakout and run into year-end. However, in either case, I would prefer to mostly 'spend risk' after midday Wednesday rather than ahead of it. But I am willing to take strong setups in either direction today and tomorrow if and when I spot them. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3809
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 13, 2021 - 2:41 pm: |
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Omicron concerns in the trading mix
The stock market registered some huge gains last week, so it is difficult to discern if today's weakness stems more from an inclination to take some money off the table after a big run or from genuine concerns about the Omicron variant after the UK warned that it is seeing it spread at a "phenomenal rate" and encouraging people to work from home if they can.
It is probably a combination of both. The S&P 500 surged 3.8% last week as market participants grew more comfortable with the idea that current vaccines and a booster shot can help protect against the Omicron variant leading to severe disease. Nonetheless, the UK plea to work from home is a reminder that Omicron, while not particularly virulent, can still be a drag on productivity that impedes growth.
Additionally, the UK report is likely to exacerbate worries for many about raising one's risk of contracting the variant by traveling, eating out, and/or partaking in social events. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3808
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 13, 2021 - 7:54 am: |
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World markets start the week upbeat
The global equity markets are mostly higher to start the week. S&P Futures are up about 12 points to trade around the 4716 area. Spoos saw a quick bid right out of the gate. In fact, the low print of 4703.75 was established within the first few moments of last night's open. The market posted the high at 4723.25 just as Asian trading got underway.
In Asia, both China and Japan closed the day solidly in the green. The Shanghai's 0.4% advance was spurred by reports that China is mulling new pro-growth policies in 2022. In Japan, the Nikkei's 0.7% gain was led by strength in semiconductors. Chip makers such as Advantest, Tokyo Electron and Screen holdings paced the way with rises of 1-2%.
In Europe, the major bourses are ticking up. German Wholesale Prices eased to 1.3% in November. Although this was in-line with expectations, it was down from 1.6% in October. Mining stocks are notably higher with names such as Glencore, Antofagasta and Anglo American up about 2%. This is likely due to the pro-growth chatter coming out of China. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3807
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 10, 2021 - 7:56 am: |
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Futures showing mild gains ahead of CPI report
US equity futures are trading lower. Investors are waiting for a key report on consumer inflation in the US today. White House economic adviser Brian Deese said today's report will be "backward looking." Senate passed a procedural bill that allows debt ceiling to be passed with 51 votes. Once President Biden signs this, both houses will have to vote again on actually raising the debt ceiling. This process is expected to be concluded next week. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3806
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, December 10, 2021 - 7:56 am: |
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Spy:Expecting more pain in growth stocks bcoz of taper end and rate rise..
Buying PYPL & IGV
Same here better to be cautious with the market
PYPL VS SQ and went for square bcz of Jack Dorsey passion to use BTC for Block
Never followed IGV looks like a good drop to load..the 124 holdings look good |
Spy
Kurra Bewarse
Username: Spy
Post Number: 1202
Registered: 07-2018
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 9:34 pm: |
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Entrepreneur: Whats your market take? and loading anything new apart from your long time portfolio...
Expecting more pain in growth stocks bcoz of taper end and rate rise..
Buying PYPL & IGV. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3804
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 4:16 pm: |
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The Russell 2000 and Nasdaq Composite had the biggest runs this week, jumping 5.2% and 4.7%, respectively, from Friday's closing levels. It's no coincidence that they are the biggest laggards today in a market that is succumbing to a belief that the market got overbought on a short-term basis.
Selling efforts have been targeted at many of the biggest movers in this week's rally effort. The information technology sector (-1.0%) is a key drag on the broader market.
The consumer discretionary sector (-1.4%), weighed down by a big loss in Tesla (TSLA 1011.40, -57.56, -5.4%), and the energy (-1.0%) sector, are the only other sectors to drop at least 1.0%. Today's pullback, though, doesn't connote any panicky behavior. A focal point of caution, however, is the CBOE Volatility Index. It is up 7.8% to 21.46 in front of tomorrow's CPI report. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3800
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 1:07 pm: |
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Separately, Apple (AAPL 175.36, +0.29, +0.2%) has set an all-time high after the stock was named a Top Pick for 2022 at Morgan Stanley with a Street-high target of $200. AAPL shares are off early highs, though, fitting in with the fatigue narrative after rising 8.2% over the past three sessions. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3799
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 11:29 am: |
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Gudivada04:37% cash position, inka penchali anukuntanna.
Aapl became the top holding in my PF now
Congrats on AAPL sirji..
Me too on lot of cash position...
meeru emanna enter ayite ikkada postandi..
Mamidipally updates kuda postandi.. |
Gudivada04
Bewarse Legend
Username: Gudivada04
Post Number: 46086
Registered: 09-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 10:35 am: |
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37% cash position, inka penchali anukuntanna.
Aapl became the top holding in my PF now |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3798
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 8:44 am: |
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Futures trading modestly lower on some tired action
New study out of Japan suggests Omicron is 4x more transmissible than Delta variant
Market participants waiting on Friday's CPI release
CVS up after raising FY21 guidance and announcing dividend increase and $10 bln buyback plan
AAPL named Top Pick for 2022 at Morgan Stanley
GME sinks after earnings miss
RH up 10% following pleasing earnings report
AMZN edges lower on news of ~$1.3 bln fine by Italy's antitrust regulators
Ratings actions for PFE, OXY, SRPT, TWLO, YUM, LSXMA, MMC, LUV, SPWR, LLY, MRK, and VRTX
Oil prices pulling back
Treasury yields drifting lower |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3797
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, December 09, 2021 - 8:43 am: |
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Futures pulling back after gains earlier in the week
US equity futures are trading lower. Investors are still focused on the Omicron variant as they await more data following Pfizer's promising announcement yesterday. The Senate will vote today on a procedural bill that allows the debt ceiling to be passed with 51 votes. Once President Biden signs this, both houses will have to vote again on actually raising the debt ceiling. This process is expected to be concluded next week. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3796
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 08, 2021 - 3:15 pm: |
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Market Briefing: Sellers lacking resolve
The stock market has been floating in a relatively narrow trading range today (certainly relative to previous sessions). The span between the low and high today for the S&P 500 is approximately 25 points.
A short time ago, the S&P 500 traded back up to test its opening high (4698) where it was then met with some resistance. It is currently little changed for the session, which will qualify as a positive indication in light of the strong gains seen in recent sessions.
The lack of resolve on the part of sellers is an encouraging development for the bull camp, which is likely feeling emboldened about the possibility of a strong finish to 2021 knowing that fears of the Omicron variant have subsided, that Congress looks to be on track to pass a debt limit increase without any eleventh-hour drama, and that seasonality trends run in its favor this time of year.
If there is a spoiler to a year-end push, it would likely be a geopolitical shock or a fast-paced rise in interest rates.
The FOMC has its meeting next week and it will include updated economic and interest rate projections. It will also likely include news of a stepped-up pace of tapering activity. This meeting will follow on the heels of the November CPI report, which is being released on Friday. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3795
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 08, 2021 - 3:15 pm: |
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Nalla_baalu:all growth stocks mataassshhh vaari potaash powder ayyaaayi
small bro - options aduthunnava roju?
crypto kothavi emanna add chesava? |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3794
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 08, 2021 - 3:14 pm: |
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Spy:Howz everyone?
How the crash treated you?
Spy after a long time, work busy taggindha?
Whats your market take? and loading anything new apart from your long time portfolio... |
Nalla_baalu
Censor Bewarse
Username: Nalla_baalu
Post Number: 127031
Registered: 06-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, December 08, 2021 - 10:29 am: |
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Spy:
all growth stocks mataassshhh vaari potaash powder ayyaaayi 
Aug 11th 2011 weight -- 84 kg; Aug 11th 2012 weight -- 88 kg; Aug 11th 2013 weight -- 80 kg; July 2015 -- 90 kilos (5'10")
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Spy
Kurra Bewarse
Username: Spy
Post Number: 1201
Registered: 07-2018
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 07, 2021 - 7:47 pm: |
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Howz everyone?
How the crash treated you?
|
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3793
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 07, 2021 - 1:18 pm: |
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Industry Briefing: Semiconductors (549.45 +25.68)
Seeing a huge move in the semiconductor space today, evidenced by the 4.9% gain in the Philadelphia Semiconductor Index. Catalysts for the outperformance include:
Positive comments out of Morgan Stanley regarding Apple's (AAPL 171.30, +5.97, +3.6%) growth opportunities in the augmented reality and autonomous vehicle spaces. That view has been a driver of Apple's "halo effect," which typically translates into residual gains for component suppliers.
A snapback rally effort in growth stocks that have suffered sharp losses of late on concerns about rising interest rates.
Intel (INTC 53.47, +2.48, +4.9%) announcing plans to spin-off its Mobileye unit through an IPO in mid-2022. It is being touted as a potential $50 billion value creation opportunity for Intel, which is stoking interest in other companies providing chips and technologies for the auto market.
Burgeoning optimism that the Omicron variant won't be as bad as feared and won't impede supply chains in any meaningful way.
Momentum trading.
Notable Movers:
Marvell Technology (MRVL 91.50, +6.07, +7.1%): breaking out to new all-time high on heavier than average volume
On Semiconductor (ON 66.33, +4.43, +7.1%): hitting new all-time high, but volume still below average
Qorvo (QRVO 163.14, +10.41, +6.8%): Nice rebound try after stock dropped ~29% from August high
NXP Semiconductors (NXPI 238.57, +14.29, +6.4%): breaking out to new all-time high following 8-month consolidation range; volume still somewhat light
Applied Materials (AMAT 156.75, +9.37, +6.4%): testing its all-time high after finding support yesterday at its 50-day moving average
NVIDIA (NVDA 319.55, +19.18, +6.4%): Seeing renewed buying interest after dropping as much as 16% from Nov. 29 high
Lam Research (LRCX 706.86, +39.30, +5.9%): back testing all-time high on somewhat light volume after near 10% drawdown in previous three sessions
Micron (MU 86.84, +4.39, +5.3%): Staying in rebound mode after stock found support yesterday in flirtation with technical support at 200-day moving average
Qualcomm (QCOM 184.23, +8.78, +5.0%): back near its highs for the year after 8% pullback in previous three sessions
Intel (INTC 53.47, +2.48, +4.9%): trading at highest level since October on huge volume following news of Mobileye IPO plan |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3792
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 07, 2021 - 1:10 pm: |
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The catalysts for the quick-footed recovery are manifold:
Optimism that the Omicron variant isn't going to be as bad as first feared
Buy-the-dip interest in beaten down growth stocks
The S&P 500 finding support (again) at its 50-day moving average
A fear of missing out on further gains |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3791
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, December 07, 2021 - 7:32 am: |
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Futures add to yesterday’s gains on continued Omicron optimism
US equity futures are trading higher after strong gains yesterday. Markets are hopeful that Omicron will not cause severe disease, but are waiting for definitive information from public health officials.
Asia markets were mostly higher. PBOC lowered the amount of cash that banks have to hold as reserves, releasing CNY 1.2 trillion to support the economic recovery. President Biden will have a call with Russian President Putin today at 10:00 ET where he is expected to warn the Russian leader against invasion of Ukraine.
In Europe, markets were mostly higher. France decided to close its nightclubs for four weeks amid continued rise in coronavirus cases. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3790
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 2:31 pm: |
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Airline stocks take flight on reduced Omicron variant fears (21.60 +1.48)
Travel stocks are among the best-performing stocks today following press reports that highlighted early findings from small studies that suggest the Omicron variant might be easily transmissible, but not particularly virulent.
Airline stocks, which have been hit hard over the last month or so, first contending with elevated fuel costs and then with travel restrictions related to Omicron concerns, are staging a big rebound today.
Entering today, the U.S. Global Jets ETF was trading 12.6% below its 50-day moving average (23.03). It is up strongly today, making headway on filling the gap down it suffered on Black Friday.
Carriers with more international exposure are showing some of the biggest gains. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3789
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 2:27 pm: |
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Market Briefing: Relief and a little bit of fear driving rally
The recent troubles experienced by the stock market, and particularly high multiple stocks, had much to do with the monetary policy shift signaled by Fed Chair Powell. There are vestiges of those troubles still in the stock market today, evidenced by the underperformance of some growth stocks relative to the market.
Still, today's rally effort is predominately about the Omicron variant and the hope that it isn't going to prove to be more virulent than the common cold.
That hope has triggered a rotation out of safe-haven bonds and into stocks; it has fueled the outperformance of cyclical sectors; it has ignited a rally in value stocks; and it has led to a sharp pullback in hedging interest to protect against further downside. The CBOE Volatility Index is down 12.3% to 26.89 (versus a high of 35.32 on Friday).
An added rally point today was the S&P 500 reclaiming a posture back above its 50-day moving average (4546). It did so last Thursday, too, after closing below that key technical level last Wednesday. In brief, this moving average has been a longstanding line of support for the market, and the quick snapback ability this time around has spurred some increased conviction in buy-the-dip efforts.
So, today has been driven mostly by relief and a little by fear: relief in the idea that the Omicron variant won't be as bad as feared from a health and economic standpoint, relief that buyers have shown resolve with the violation of a key technical support zone, and likely a little fear of missing out on further rebound gains. |
Medical_miracle
Kurra Bewarse
Username: Medical_miracle
Post Number: 3131
Registered: 08-2020
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 11:38 am: |
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ee downtrend enni days run avuthundi? any idea? what to look for revival signals? |
Saarang
Kurra Bewarse
Username: Saarang
Post Number: 2052
Registered: 04-2015
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 11:27 am: |
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where is ijjiya...waiting for yummy day signal
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Andhravodu
Kurra Bewarse
Username: Andhravodu
Post Number: 3622
Registered: 04-2017
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 8:51 am: |
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Tesla meeda SEC multiple investigations, retard gadi revenge  |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3788
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 8:45 am: |
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SEC investigation on TSLA solar panels..down lil bit, watching to add
https://www.reuters.com/markets/commodities/exclusive-sec-probes-tesla-over-whis tleblower-claims-solar-panel-defects-2021-12-06/ |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3787
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Monday, December 06, 2021 - 7:00 am: |
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Dow Futures trading higher amid optimism that Omicron could cause less severe illness
US Dow futures are trading higher while Nasdaq futures are trading lower. Concerns about the Omicron variant, which has now been confirmed in several U.S. states and numerous countries persist as markets await more information from public health officials regarding transmission, virulence, and vaccination effectiveness. Dr. Anthony Fauci said while it's too early to make definitive statements, it "does not look like there's a great degree of severity" to the Omicron variant, but it does have a "transmission advantage."
In Europe, markets were mostly lower. October Germany factory orders -6.9% vs. +1.3% prior. South Africa's president said Omicron hospitalizations are not increasing at an alarming rate.
Asia markets were mostly lower. |
Entrepreneur
Kurra Bewarse
Username: Entrepreneur
Post Number: 3786
Registered: 05-2011
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, December 05, 2021 - 5:10 pm: |
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Last week:
1. Employment situation in November creates opening for monetary policy spin control
Unfortunately, the November employment report wasn't a clear-cut report, aside from the fact that it was such a confounding report that it will make it possible to argue for why the Fed should be more aggressive with its policy pivot or why it should take a more conservative approach. The focal point will be the disconnect between the seeming strength in the household survey, from which the unemployment rate is derived, and the reported weakness in the establishment survey, which drives the nonfarm payrolls count.
The key takeaway from the report is that it will contribute to the fickle trading action we have seen of late since it didn't provide a clear line on what the Fed should do and when.
2. Growth stocks getting cut down to size
Many growth stocks have hit a wall today and are feeling the pain of selling pressure. Several catalysts are accounting for the underperformance relative to the broader market:
The shock of DocuSign's (DOCU 139.09, -94.73, -40.5%) disappointing guidance and subsequent selling of the stock, which is putting a lot of investors in high-multiple stocks on notice in terms of how quickly fortunes can turn when high-multiple stocks with high expectations fail to live up to those expectations.
Weak-handed holders -- or trapped longs -- bailing out as they get scorched by the change in sentiment.
Worries about the Fed pivot and the prospect of high valuations being reined in by rising interest rates.
3.Event Trader: Market Thoughts
Growth names remain under selling pressure. The Fed commentary has raised questions around these highly valued areas. There is a lot of retail located in these areas, many levered up with options. This leads to a more aggressive pullback in the group as leverage is taken out of markets. This is house cleaning that was necessary and will eventually lead to a healthier market. |
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