tyb and digitzzz
S&P Shrugs Off Googlepocalypse As China 'Green Shoots' Die
(China will print this week for sure-they have zero choice)
Everyone has thumbs up ass's waiting for fed to NOT do anything. Anything can habben but the COMEX bet's say no changes.
Volume's are the usual lower than average except in individual equity's like GOOG/GOOGL
Despite weak China PMI overnight, China stocks trod water
US Stocks lumped into the EU close (after Mulvaney spooked stocks with China trade deal headlines) and then ripped back, extending gains after Trump raised the idea of The Fed slashing rates and QE… S&P was glued to unchanged all afternoon.
GOOGL spooked Nasdaq futures (as did weak China PMI and Mulvaney).
(the system has squeezed everything it can out of tech-they are focusing on the SP500 and DOW component's as well as other sub index's)
With investors having hugged their margin clerks for months, hoping to chase outsized returns during what many have dubbed a melt up, today they are hugging the toilet bowel instead as the year’s hottest trade in stocks is suffering a huge market-value loss over the previously noted Google ad revenue meltdown.
(would love to know what it cost's them but they refuse to break that out)
Led by an earnings-driven sell-off at Alphabet, FAANGs are on track to lose more than $100 billion in combined capitalization, and are set to suffer their second-biggest market cap drop of this year.
The culprit of course was Alphabet, which dropped 8.3% after its its ad revenue growth posted a sharp slowdown, resulting in a $68.3 billion market cap loss. The rest of the drop was due to Apple, whose 2.1% drop resulted in nearly $20 billion wiped out, and came just ahead of Apple’s own results, due after the market closes. When the FAANGs last saw $100 billion erased from their valuations, it was after Apple cut its outlook in January, which wiped almost $70 billion from the iPhone maker’s valuation.
10Y Yield roundtripped 5bps intraday, fading back to 2.50% by the close.
Commodities all rose on the day, as the dollar dipped, led by WTI.
(this is largely because of the dollar and not a reaction to the underlying commodity(s)-system has a doallar shortage now and this is what is driving it up)
Finally, the S&P 500 is up 17.4% in 2019, making it the fourth best start to a year in history.
However, that may be a bearish signal. Because historically when the January-April return exceeds 15%, the performance for the rest of the year is paltry at best and, at times, a disaster.
Tell that to the market maker's
https://www.zerohedge.com/news/2019-04-30/sp-shrugs-googlepocalypse-china-green-shoots-die
https://finance.yahoo.com/quote/%5EIXIC?p=^IXIC
get over it. not a process for voting. never has been
Neither have I. Very astute from da king
consider the source anon. WSJ not a bastion of truth, never has been.
you alway's have those. That is not too unique. Has not been alot of down when the result's that make them move, fundamental's, are pretty bad. They are dropping as individual equity's and not as a sector. This is the disconnect that you are seeing. It doesn't help that in today's example GOOG they did not breakout what the performance, i.e. how much it "cost's" them to achieve the result's they report. NFLX does this in the same way and many other's. It's a bit moar complicated than that but does that help?
BTW I am not the authority by any mean's many smart anon's in here too. Just an observant anon of patterns and flow.
good luck with that mr one post