oh.... yaaaaayyy..... We Are Now In A Bear Market

Discussion in 'Politics' started by CoinOKC, Sep 23, 2022.

  1. CoinOKC
    Yeehaw

    CoinOKC T R U M P - 2 0 2 4

    I suppose it's time to invest in 1-month CDs......


    Dow tanks 700 points hits bear market, Boeing, Chevron lead drop



    Dow Jones Averages.
    $29394.79

    1.jpg


    U.S. stocks see heavy selling with all three of the major averages down over 2% with the Dow’s point drop hitting 700 before bouncing off the lows which confirmed a bear market.

    All 30 members traded in the red with Boeing and Chevron the worst performers. Oil fell nearly 6% trading below $80 per barrel infecting energy stocks.



    Symbol Price Change %Change
    SP500 $3,667.98 -90.01 -2.40
    I:COMP $10,809.21 -,257.60 -2.33
    BA $130.35 -8.36 -6.03
    CVX $145.45 -9.44 -6.09
    XLE $70.42 -5.28 -6.97


    Bond sell-off worst since 1949, investor sentiment plummets: Bank of America


    [​IMG]
    Bank of America logo in the Manhattan borough of New York City, N.Y., Jan. 30, 2019. (REUTERS/Carlo Allegri)



    Global government bond losses are on course for the worst year since 1949 and investor sentiment has plummeted to its lowest since the financial crisis, BofA Global Research said in a note on Friday.

    This year’s dramatic bond tumble threatens credit events and a potential liquidation of the world’s most crowded trades, including bets on the dollar that have taken the greenback to multi-year highs against other currencies and bets on U.S. technology stocks, the bank said.

    Bond funds recorded outflows of $6.9 billion during the week to Wednesday, while $7.8 billion was removed from equity funds and investors plowed $30.3 billion into cash, BofA said in a research note citing EPFR data.

    Investor sentiment is the worst it has been since the 2008 global financial crash, the note said.


    Stock futures fall on rate hike, recession concerns


    [​IMG]
    NYSE floor traders (Reuters)



    U.S. equity futures are adding to losses following three days of declines after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession.

    The major futures indexes suggest a decline of 0.8% when Wall Street begins trading.

    The yield on the 10-year Treasury, which influences mortgage rates, was at 3.68% on Friday.

    Oil prices fell Friday amid recession fears and a stronger U.S. dollar, though losses were capped by supply concerns.

    West Texas Intermediate (WTI) crude futures were trading around $83.00.

    Brent crude futures traded around $89.00 per barrel.

    For the week the contracts for TWI and Brent were down 2.3% and 1.5% respectively.

    In Asia, Hong Kong's Hang Seng sank 1.2% and China's Shanghai Composite Index lost 0.7%. Japanese markets were closed for a holiday.

    The S&P 500 lost 0.8% on Thursday to 3,757.99. The Dow Jones Industrial Average fell 0.4% to 30,076.68 and the Nasdaq composite slid 1.4% to 11,066.81.
     

Share This Page