Stock Market Today: January 29th - February 2nd, 2024

Nope...markets tanking right now

 

Batter up!!

 

Would low job numbers not mean that the market is cooling off, hence bearish? Or what's your logic behind that?

 

Anymore good news and we will be crashing, makes no sense at all

 

@Juan Arango & @Stoch

Jobs number were hotter than expected, so the markets reacted to the downside, thinking there will be no interest rate cuts.
Now, the markets are bouncing, after they hit some stops.



S&P almost back to even:

 

@Juan Arango & @Stoch
Def an over reaction, or large traders just wanted start a panic so they could buy at a lower price.
I think we've all seen the manipulation before.

 

Just be happy you weren't holding any Platinum

 

Yeah, since no one is actively raising rates since the fall, one would think good job numbers in a stable rate environment would be very bullish. The 10 yr yield increased 0.18% to 4.03%, not exactly a panic rise.

 

Might see another pullback if the dollar doesn't stop trending up

 

Block traders just bought in....guess they're taking an early lunch...

 

Have a good weekend guys. Well I agree that good economic news probably is good news for the market for now since the FED seems to be done with hiking rates unless inflation moves back up very quickly