The S&P 500 gained 5.5% today, its largest % increase since April 2020 and 15th largest since 1950. One year later the market has often been higher following these large daily spikes (22 out of 24 times) with an average return of +31%. The 2 exceptions: Sep 2008 & Jan 2001. $SPX https://t.co/Km3WU9fEgk
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What a memorable day for markets with every asset—stocks, bonds, precious metals and, yes, even crypto—registering massive gains To state the obvious, the CPI data triggered a strong technical that incentivized all types of investors to scramble for more immediate market exposure https://t.co/Vfk4PRS1D8
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S&P 500 gains 5.53% for its 15th best trading day since 1953 when the 5-day trading week began.
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Current market expectations for path of Fed Funds Rate... -Dec 2022: 50 bps hike to 4.25%-4.50% -Feb 2023: 25 bps hike to 4.50%-4.75% -Mar 2023: 25 bps hike to 4.75%-5.00% -Pause -Rate cuts start in Nov 2023, continue in 2024... https://t.co/3sKWNrvqJT
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Markets are quite challenging this year and remaining humble is key. That said it does no help to have market pundits talk extremes on either side. Stay balanced, diversified and don't look for the long ball. Fundamentals matter in the long run. Buy low and sell high.
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Nearly 14% of stocks in the Russell 1,000 are up 10% or more today.
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Todays move could carry $spx to 4063-4100. I’ll get my wife’s BOS account back to flat around there. That would put her up 16%+YTD for those following this with her. Then we wait all over again. I’m still in the camp $spx won’t see a New All Time High in 2023.
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US workers who switched jobs received pay increases of 7.3% over the last year vs. 5.3% for those who stayed at their jobs. With data going back to 1997, this is the widest gap we've ever seen. https://t.co/u9M0UHLeII
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Absolutely beautiful all day $DIA $SPY $QQQ uptrend today thanks to the #CPIdata so mark your calendars as today very well could mark the official #StockMarket bottom. I really have no idea what short sellers are seeing, indicators + price action + logic all point to BE BULLISH!
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Who else just made money with me!? Few thousand dollars locked in the BANK!!!
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It wasn’t long ago that Sam Bankman-Fried was a king of the crypto world. Almost overnight, Bankman-Fried’s cryptocurrency exchange, FTX, had gone from being valued at $32 billion to worthless. https://t.co/6Hdt1X7ofY
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The average interest rate on US credit card balances moved up to 16.27% in the 3rd quarter. With data going back 1994 that's the highest rate we've ever seen. Charting via @ycharts https://t.co/kzhksAGRkX
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Best performing Russell 1,000 stocks today: Carvana $CVNA up 30.8% Yeti $YETI up 29.6% RingCentral $RNG up 29.5% Fair Isaac $FICO up 28.0% Wayfair $W up 27.6% Unity Software $U up 26.3%
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