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6/16 Dow Futures -500

Posted on 6/16/22 at 6:12 am
Posted by Lsut81
Member since Jun 2005
83739 posts
Posted on 6/16/22 at 6:12 am
Why the sudden change? Rallied after fed announcement yesterday only to do this within 15hrs.

A little bipolar much?
This post was edited on 6/16/22 at 7:54 am
Posted by seawolf06
NH
Member since Oct 2007
8159 posts
Posted on 6/16/22 at 6:23 am to
This happens regularly when news comes out.

The initial moves are all algorithmic. However, the overnight changes occur once a more thorough evaluation by people has time to make adjustments. Then the algos are all updated and you see the big swing.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 6/16/22 at 6:24 am to
The Amazing Green Days compared to Huge Red Days since Jan 2022 are like Comparing Days of Rain in California to no Rain. When the Huge Red days hit they hit hard and i expect this to be another one of the many we've had this year. I usually try and nibble on a few top companies, in my portfolio, that are down big on the day.
This post was edited on 6/16/22 at 6:40 am
Posted by Lsut81
Member since Jun 2005
83739 posts
Posted on 6/16/22 at 6:26 am to
I know Dow isn’t the best indicator, but with the open, it will be teetering on breaking 30k on the downside.
Posted by beaverfever
Arkansas
Member since Jan 2008
35461 posts
Posted on 6/16/22 at 6:32 am to
Yesterday’s was rally was fugazi. If the fed had met in the morning, the rally might not have even lasted through the afternoon.
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 6/16/22 at 6:43 am to
The rally was due to the Fed raising interest rates to fight inflation. The negative futures are because the Fed raised interest rates to fight inflation.
Posted by jimjackandjose
Member since Jun 2011
6672 posts
Posted on 6/16/22 at 6:45 am to
New low.coming in and then a rally up to 4400. Hold on to your butts
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 6/16/22 at 6:50 am to
quote:

Why the sudden change? Rallied after fed announcement yesterday only to do this within 15hrs.


US rates are up a little, but global rates have skyrocketed over the last 24 hours.
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 6/16/22 at 7:18 am to
quote:

US rates are up a little, but global rates have skyrocketed over the last 24 hours


This is what will drive int’l money out of our markets and back into their own. Likely why the 10 yr has spiked some and may continue to do so now
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 6/16/22 at 7:22 am to
4,000 maybe but 4,400 is crazy town. TBH not sure if we hit 4,000 again until maybe sometime in '23.
Posted by beaverfever
Arkansas
Member since Jan 2008
35461 posts
Posted on 6/16/22 at 7:22 am to
quote:

The rally was due to the Fed raising interest rates to fight inflation. The negative futures are because the Fed raised interest rates to fight inflation.
exactly.
Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 6/16/22 at 7:27 am to
quote:

Why the sudden change? Rallied after fed announcement yesterday only to do this within 15hrs.


This is not a change at all. This is exactly what has happened after previous rate hikes. Fed announces, markets go up and almost immediately after they retrace to lows or set new lows. Not surprising at all if you have been paying attention. Still not at the bottom. Any hope that we were at the bottom yesterday was very misguided in my opinion.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53119 posts
Posted on 6/16/22 at 7:33 am to
The general direction of the market is still lower. That doesn't mean we won't have green days along the way. We might even string together some 10-15% bounces on the way down.
Posted by TeaParty
Member since May 2022
935 posts
Posted on 6/16/22 at 7:35 am to
quote:

6/16 Dow Futures -600


Interesting. Do people use points for shock value the same way oil spills are reported in gallons. Why not use %. As that would reflect more to people following their accounts in relation.
Posted by SlidellCajun
Slidell la
Member since May 2019
16057 posts
Posted on 6/16/22 at 7:46 am to
Ouch

I’m hearing a big flushing sound now as the bottoms drop out.

Money will flow into fixed rates and I’d think energy still has some flavor but I’m staying on the sidelines until I see some bounces
This post was edited on 6/16/22 at 7:49 am
Posted by jimjackandjose
Member since Jun 2011
6672 posts
Posted on 6/16/22 at 7:48 am to
Beer bet? Over 4200 in next 4 months
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 6/16/22 at 7:52 am to
I don't drink beer. Only chance i see of S&P breaking 4,200 in next 4 months is if the Ukraine war ends or somehow inflationary pressures end (without ending from a deflationary spiral).
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 6/16/22 at 7:56 am to
People heard Powell say we wouldn’t be raise 75 basis points often and felt that that was bullish, but then realized we’ve heard Powell say a great many things and flip flop so that optimism died quickly
This post was edited on 6/16/22 at 7:57 am
Posted by j1897
Member since Nov 2011
4315 posts
Posted on 6/16/22 at 8:22 am to
quote:

4,000 maybe but 4,400 is crazy town. TBH not sure if we hit 4,000 again until maybe sometime in '23.


I'd be cool with that.
Posted by footballdude
BR
Member since Sep 2010
1113 posts
Posted on 6/16/22 at 8:46 am to
(no message)
This post was edited on 10/26/22 at 9:31 am
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