![]() The J-Pow market spikes, as they occur during trading hours, and in the evening after they’re locked in for the night, cause all kinds of commentary, including in the illustrious WOLF STREET comments. In terms of points: on May 4, the S&P 500 jumped 124 points and the next day it plunged 153 points, on the way to a sharply lower low. And then the morning after J-Pow, the S&P 500 plunged 3.6%. During the last 90 minutes of trading on May 4, the S&P 500 index spiked by 3%. The first time was on May 4, when J-Pow at the post-meeting press conference took a 75-basis-point hike for the June meeting off the table. In both cases, stocks dropped far more on day 2 than they’d jumped on day 1. It was the second time in a row that this whiplash reaction of the stock market to the FOMC’s big-fat rate hike played out – and there have only been two big-fat rate hikes so far. They’re forming really crappy charts, with lower highs, and lower lows (data via YCharts). Worse, from the peak frenzy 30 minutes before the close yesterday to the close today, the Nasdaq plunged 512 points. Today, the S&P 500 plunged 123 points and the Nasdaq plunged 453 points. In terms of points, yesterday the S&P 500 jumped 54 points, and the Nasdaq jumped 270 points. Stocks took a brutal dive today, the day after Fed Chair Jerome Powell had explained to the world why a 75-basis-point rate hike was needed, and why another one might be needed at the July meeting, and upon hearing his words and seeing the 75-basis-point print yesterday, markets skyrocketed, and at about 30 minutes before the close, after J-Pow had stopped with his magic words, the S&P 500 was up about 2.7%, and the Nasdaq Composite was up 3.8%, before settling down some.Īnd today, the morning after J-Pow, starting in Europe, and then in the US, and now in Asia, it all got beaten down hard, with the S&P 500 closing down 3.2% and the Nasdaq closing down 4.1%. Typical order times are located within the product description.Someone might think, OK, I could speculate with the J-Pow Pattern at the next Fed meeting. It is not guaranteed.Ī Special Order item is an item that we do not stock but can order from the manufacturer. When an item is Out Of Stock and we have an estimated date when our stock should arrive, we list that date on our website in the part's description. We do not have a specific date when it will be coming.Īwaiting repress titles are in the process of being repressed by the label. The Preorder can be released anywhere between weeks, months or years from its initial announcement.Īn Out Of Stock item is an item that we normally have available to ship but we are temporarily out of. Other Preorders are set to release 'TBA.' This means that release date is yet 'To Be Announced'. If a projected release date is known, we will include this in the description in red. Typically the label will set a projected release date (that is subject to change). An In Stock item is available to ship normally within 24 business hours.Ī Preorder is an item that has not yet been released.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |