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Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes
CNBC ^ | WED, DEC 5 2018 • 6:36 PM EST | UPDATED 3 HOURS AGO | Christine Wang, Fred Imbert, Eustance Huang

Posted on 12/06/2018 6:50:27 PM PST by E. Pluribus Unum

Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected.

The Wall Street Journal reported the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. The report said Fed officials do not know what their next move on rates will be after December.

“What this week and a half shows is an extraordinary sensitivity to headlines, more so than usual,” said Delores Rubin, senior equities trader at Deutsche Bank Wealth Management. “It’s been very difficult to navigate the waters so far.”

The Dow Jones Industrial Average closed 79.40 points lower at 24,947.67 after plunging nearly 800 points, while the S&P 500 closed 0.15 percent lower at 2,695.95. The Nasdaq Composite erased its losses, closing 0.4 percent higher at 7,188.26 as Amazon, Netflix and Alphabet all rose more than 1 percent.

Stocks initially fell sharply as continuing fears over U.S.-China trade relations and concern over a possible economic slowdown kept investors on edge.

“There’s concern that the trade deal is not as good as [President Donald] Trump said it was,” said Mark Esposito, CEO of Esposito Securities. “Recession fears are also settling into the market.”

“It’s definitely safer to be in cash right now,” Esposito said. “I don’t think the fall is over.”

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: djia; dow; thefed
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To: thoughtomator
Trump took advantage of the Fed position in order to take China to the woodshed by finally giving himself a moniker: “Tariff Man”. Dow dropped in response to the spat, and in response to the Dow dropping, the Fed has to back off rate hikes.

Trump:

Two scoops

Two genders

Two terms

Whacks the Chicoms and the Fed with a single Tweet.

21 posted on 12/06/2018 10:27:54 PM PST by spokeshave2 (The Paradigm has shifted...the New World Order is Trumpian.)
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To: CurlyDave

Inflation running pretty hot in my area (Central California/FR HQ)...already has had a noticeable impact on restaurant prices over the last 6 months. Am also noticing certain home/grocery items taking pretty big jumps (what’s up with paper towels!?! $8.99 for a 2 pack Brawney “jumbo” roll @ my grocery store!!! Cheaper at WM, but still!). Current inflation rates calculated the “old way” (1980 & 1990):

http://www.shadowstats.com/alternate_data/inflation-charts


22 posted on 12/06/2018 10:40:01 PM PST by Drago
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To: Sgt_Schultze

Sounds reasonable to me.


23 posted on 12/06/2018 11:37:18 PM PST by Freedom'sWorthIt
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To: E. Pluribus Unum

I believe the FED was trying to tamper with the election by driving the stock market down prior to election day. Now they are saying “oops, my bad.”


24 posted on 12/07/2018 1:26:21 AM PST by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: E. Pluribus Unum

Who else thinks this rebound will not stick?


25 posted on 12/07/2018 1:52:20 AM PST by Sequoyah101 (It feels like we have exchaged our dreams for survival. We just ha va few days that don't suck.)
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To: Enlightened1

This is what you get centralized money. Pure corruption and market manipulation. They have betrayed our Republic and the American people’s trust through corruption and pseudo economic policies.
...
Thank you for details...I was too lazy to post what you did.

Many here are knee jerk and too dumb to know they are ignorant. I.e., unconsciously incompetent.


26 posted on 12/07/2018 3:05:09 AM PST by CincyRichieRich (No provisional ballots allowed; ever notice there have never been Republican ballots found?)
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To: Sequoyah101

Sell short then.


27 posted on 12/07/2018 8:53:57 AM PST by E. Pluribus Unum (Democracy dies when Democrats refuse to accept the result of a democratic election they didn't win.)
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To: E. Pluribus Unum

I invest, I don’t trade. The question is not if it goes back up but when.


28 posted on 12/07/2018 9:17:25 AM PST by Sequoyah101 (It feels like we have exchaged our dreams for survival. We just ha va few days that don't suck.)
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To: CincyRichieRich

My pleasure


29 posted on 12/07/2018 12:42:11 PM PST by Enlightened1
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To: CincyRichieRich; All

There is a movie I have been wanting to see but have not. It is about the 2008 crash called, “The Big Short”. It came out in 2015. Here is the trailer,

https://youtu.be/vgqG3ITMv1Q


30 posted on 12/07/2018 1:23:09 PM PST by Enlightened1
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