Posted on 05/27/2020 2:54:44 AM PDT by abb
U.S. stock futures and European shares rose Wednesday on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery.
Futures tied to the S&P 500 rose 1.2%, suggesting that the gauge’s 1.2% rally on Tuesday may be extended after the New York opening bell. European stocks also ticked higher, with the pan-continental Stoxx Europe 600 advancing almost 1%.
Investors are cheering signs that the White House and Congress are considering more measures to blunt the impact of historic levels of unemployment on the economy. The Trump administration is examining proposals to provide cash incentives to encourage unemployed Americans to return to work, a top economic adviser said in an interview on Fox News.
(Excerpt) Read more at wsj.com ...
Shorts about to be jammed - again.
Way too early to short.
MMTU was commenting yesterday on this item. They got squeezed yesterday, and are about to be squeezed again.
https://finance.yahoo.com/news/big-short-u-stocks-needs-053137219.html
Big Short in U.S. Stocks Needs Watching, Says One Market Veteran
Is Eeyore even awake this early?
More evidence that the DOW is disconnected from Main street.
It’s just the flu, bro...
Take your mask off and talk clearly, ok?
I’ll never understand people that want things to go badly just to not be wrong.
Looks that way. Those on margin are bound to be having a tough time. The economy even for future reference doesn’t look like it supports this type of surge. Twilight zone.
From your comment, I’m sure there’s a lot you don’t understand.
Democrats. They have actually hurt a LOT of people with the constant lies and disinformation about so many things. People have been hurt financially and health-wise by those people and they never seem to pay for it.
This will go on until October and then the get Trump crash will occur.
Yeah. Ok.
I’m not here to talk you out of the world you make up in your head. On thing I know about FR is that we have lots of your types that talk yourselves into all manner of kook narratives until they become a religion.
So you are free to keep hoping that the economy/DOW craters so you can be “right”. I’m going to keep rooting for the U.S..
Characteristically, he could well establish the BOOMING ECONOMY AHEAD OF SCHEDULE!
(This, of course, is the evil Democrats' worst nightmare: a BOOMING ECONOMY just in time for the November election.)
(It's hard to believe that these people realise the extent to which they have allowed evil and hatred to suffuse them, their thinking, and their behaviour.)
One day you'll have to tell me the tricks of mind reading. I never said that, nor do I want that, I simply offered that the rising DOW isn't reflective of Main street, given Main street is closed and nearly 40 million Americans have been laid off.
Russel was up big (3%) as well so not just the megas. Dow was ~2%, S&P 1.7
If they are margined to the short side yes they are in a squeeze. Those on the positive side are doing ok. Always two sides.
Well it is obvious you are miffed that it doesn’t “reflect” it, as if both operate as mirror images of each other in real-time.
When the DOW dropped a few weeks back, unemployment didn’t drop at the same speed, did it? It took a several weeks.
So here’s a wild bit of logic, MAYBE with the DOW recovering, that will be “reflected” in many if not most of those unemployed going back to work or finding new jobs?
I know it isnt a wild yarn about the mysterious “they” in dark rooms with overly-elaborate plans to work some master plot for the election, but whatever. A few weeks back the line from the money geniuses here was that there would be a false bounce and then it would take “years” to get back to where it is now....after it would have fallen even further.
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