We will have an interesting test Thursday as the market deals with the fallout of Facebook.
Just a week ago Jerome Powell referred to the labor market as 'strong.' Now, economists, traders, investors, and the public are just not quite sure what to expect Friday.
When the Fed is tightening, they are like a car trying to back into a parking spot without a rear-view mirror. They only know to stop when they hit the curb.
Corn and soybean are ingredients in many foods and are used to feed cattle, and prices for both look like they are headed higher.
The stimulus honeymoon is over, but that doesn't mean commodity and financial markets won't continue to be influenced by the increased money supply.
The market is done handing out participation trophies, at least for now. You likely won't do well just showing up and playing the game.
Picking a bottom is nearly impossible, but if one does not start layering in where the mud gets deep, then one ends up a bit light when the train leaves.
It is now important that the lows that were hit on Monday not be breached.
High P/E and high-beta names have had no support regardless of fundamentals.
The longer the Nasdaq remains below the 200-day line, the easier it becomes for risk managers to compel portfolio managers to reduce exposure.