Stock Market Recap | September 25th, 2023
Another lethargic week with almost all stocks down materially on growing investor pessimism. News continues to be negative: rising prices for fuel, food, utilities, and enlarging strike against auto makers.
What little interest investors had in stocks was snuffed out completely by the Fed’s comments that rates will certainly remain higher for longer, with no plans for any reduction in all of 2024.
That caused a sell-off in the mega-stocks, such that the indexes finally fell significantly – although the other “S&P495” stocks have already been in free-fall for weeks.
With yields on treasury bonds and notes now in the +5% range, and rates on CD’s in the +4% range, many retail investors who have historically been complacent to earn 8% in stocks are settling for these alternate returns because they don’t want the market risk. They have basically given up on stocks for the near future.
Our short positions continue to provide some gains, while longs continue to get clobbered (harming Level 1 performance the most).
With no buyers for stocks, and most stocks already at or near 52 week lows, there is little on the horizon to suggest stocks will move much in price either way. Very difficult conditions in which to profit, even for those of us who trade in both directions. The stock market is just not giving us much in return right now, much like in the first half of the year. Patience is key.
-
3:02:53
Fresh and Fit
10 hours agoAfter Hours w/ Girls
88.7K117 -
3:27:42
Tate Speech by Andrew Tate
8 hours agoEMERGENCY MEETING EPISODE 78 - OVERTON WINDOW
253K318 -
14:49
Colion Noir
11 hours agoTim Walz Says I’ve Become Friends With School Shooters During Vice President Debate
62.1K47 -
1:22:45
Kim Iversen
14 hours agoIsraeli Hasbara Or Iranian Propaganda, Who Is Telling The Truth?
133K235 -
1:55:23
Glenn Greenwald
15 hours agoTim Walz Again Defends State Sponsored Censorship; Julian Assange Recognized As Political Prisoner; Post-VP Debate Interviews | SYSTEM UPDATE #345
130K285 -
40:50
Candace Show Podcast
15 hours agoKamala’s Family Reaches Out! | Candace Ep 77
252K1.04K -
57:49
Man in America
18 hours agoWEAPONIZED Disasters & LAND GRABS: the Blueprint Exposed by the MAUI FIRES
76.8K69 -
1:14:51
Flyover Conservatives
1 day agoDinesh D’Souza’s Shocking Film: Exposing the Real Threats to Trump and America; Will America be Saved or Destroyed? - Drew Allen | FOC Show
102K20 -
7:52
Price of Reason
20 hours agoJoker 2 Review - Folie A Doo Doo! (No Spoilers)
68.3K19 -
54:52
LFA TV
1 day agoElon Musk: This Could Be America’s Last Election | Trumpet Daily 10.2.24 9PM EST
95K29