- 3 May 2019
Wall Street rallies on rate hopes, notches gain for the weekBy STAN CHOE and ALEX VEIGA
Stocks rallied after a shaky start and closed with broad gains Friday as some mixed readings on the U.S. economy stoked hope on Wall Street that inflation may keep cooling and the Federal Reserve may ease up on its interest rate hikes.
The S&P 500 rose 2.3%, marking its first winning week in the last five. The Dow Jones Industrial Average gained 2.1% and the Nasdaq composite added 2.6%. Small-company stocks also rose, lifting the Russell 2000 index 2.3% higher.
Some simple TA has this as another brief spike before things turn down again, but as said, it can all turn on a dime.
MAYBE this wasn't all error or incompetence , so many central bank leaders making massive errorsIm flummoxed why he (Lowe) hasn't been removed already.
More musing required for another day.
Reserve Bank boss declares he has 'no intention' of resigningReserve Bank Governor Philip Lowe has declared he has no intention of resigning despite repeatedly promising interest rates would remain on hold until 2024.www.dailymail.co.uk
Smart call, CAUTIONCash is burning a hole in my pocket at present. Debt is no longer there as it was paid down 15 months ago, but I've hardly bought anything since. Is the latest 'crisis' averted? What's happening with central bank policy?
Caution prevails for me.
Tomorrow for me just another working day to make a quid or three.Was thinking that, markets like certainty. We ain't in certain times, however, most of what's ahead is probably baked in already.
It's a flighty market these days, will take a few years to settle from that, if it ever does.
Not to worried about the SVB thing, the FED has it under control and is now responsible for the wash out. Anyone who's anyone will come out alright, some bottom feeders?... Maybe not.
If you are wondering about tomorrow... risk on ? 😬
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Cherry picking and orphans was last positively mentioned in the antiquity. Widely disapproved nowadays...am looking to very carefully 'cherry-pick '
am hoping for orphans in unnoticed sectors
Tomorrow for me just another working day to make a quid or three.
well i am closing on 70 ( not there yet .. but )Cherry picking and orphans was last positively mentioned in the antiquity. Widely disapproved nowadays...
See mb s we will have a deeper dip today...
just added WHC and NHC,,so they will probably carry on cascading down...well i am closing on 70 ( not there yet .. but )
i also added a few extra CMW this morning , nothing large just averaging down
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