tyb
Stocks Soar To Record Highs As Earnings, Macro, Risk-Aversion Plunge
(full on retardation today-especially in Twatter- Volume in it highlighted in cap 3)
The S&P 500 finally broke above its previously closing record high today.
SP500
Volume 2,100,652,152
Avg. Volume 3,613,936,774
(On lower than average volume-broken record here)
Happily shrugging off the clump in macro- and micro- data. (cap #4)
Driven a massive re-rating of tech stocks - dramatically more so than the broad market.
All on the back of a central-bank-fueled frenzy.
Convincing the world to ignore risk entirely.
China extended losses overnight as authorities slowly and quietly begin to reign in excess… (this is the first two-day losing streak for Chinese stocks in over a month)
After a long weekend, European stocks resumed trading and ended mixed with UK's FTSE higher and Spain and Italy lower.
But all eyes were on the S&P 500 as it broke above its old record closing high of 2930.75 (09/20/18), well below its record intraday high of 2940.91 (09/21/18)
A nice big short-squeeze provided the ammo to take the S&P to a new record today.
(See volume traces on NASDAQ you can see them as spikes throughout the day)
AAPL is up 46% since cutting guidance! makes sense, right?
While stocks were surging today, bonds were also bid (as vol fell, suggesting relevering in Risk-Parity funds).
Bitcoin extended recent gains, above $5600.
(fuggen hilarious imo)
The Dollar soared today, smashing gold lower this morning ahead of the London Fix.
While gold ended the day lower on the strong dollar, it rebounded notably intraday after this morning's plunge.
(nice bounce off 200 day moving average)
See cap #4
https://www.zerohedge.com/news/2019-04-23/stocks-soar-record-highs-earnings-macro-risk-aversion-plunge
https://finance.yahoo.com/quote/%5EGSPC?p=^GSPC
https://www.kitco.com/charts/livegold.html
and let's ban straws and hand out needles.
what are you saying here anon? See what they did but no context
playing a role. After how many year's being on which side?
Will do anon, ty for head's up. Knew about Harris but not that it was now ITT
Ask the banker's, Pepe is a reporter and is just as puzzled as you are. Well not really but you see paper chasing paper and if you are referencing Twatter do you really think that many people "bought" shares in it today?-especially since the results they reported had no real meat in them. If all you need to do is move pile's of money around from "bucket to bucket" to achieve whatever results you need you can do that. They say they grew but did not have any real metrics that are accepted to back that. Might as well be a survey of how well you think you did. Because that is what it looks like to me. Drilling down the 10-q's are worthless at this point as they merely support the lie's put forth in the actual release's.
Again just an opinion so don't think I know it all.
That's just an opinion anon and how it appear's to me, have just short of 30 year's doing this.
We are paying for it now. Don't you see that?
At some point it will get so comical it will require SEC intervention. When that habbens is anyone's guess. Or not. Just trying to make some sense out of it with not alot of sanity being shown.
stick it to him POTUS. Time's up for that asshole
kek
speak for yourself. Not young but not old either. No intention of dying unless fighting.