The stock market

[CELLFISH]

Bitcoin peaks @ 40G, that’s all folks… C22…

 

[OVERBORED]

We hit bottom yet?

 

[movetheboat]

We hit bottom yet?

no...but we banged the hell outta the sides!!!!

 

[movetheboat]

World stocks recover on Ukraine talks, Fed hopes buoy U.S. yields​

Economy45 minutes ago (Mar 16, 2022 05:26AM ET)


By Carolyn Cohn and Andrew Galbraith

LONDON/SHANGHAI (Reuters) - World stocks recovered ground on Wednesday as markets watched for signs of light in the Ukraine conflict, while Treasury yields hit their highest since mid-2019 in anticipation of the first U.S. interest rate hike in three years.

Chinese stimulus hopes also boosted stocks.

Ukrainian President Volodymyr Zelenskiy said on Wednesday peace talks between Russia and Ukraine were sounding more realistic but more time was needed, as Russian air strikes killed five people in the capital Kyiv and the refugee tally from Moscow's invasion reached 3 million.

Russia's foreign minister Sergei Lavrov also said some formulations of agreements with Ukraine were close to being agreed.

Western governments have slapped tough sanctions on Russia for the invasion, which Moscow calls a "special operation".

"These sanctions probably are working, hopefully that will put some pressure on both sides to get around the table and negotiate," Gregory Perdon, co-chief investment officer at Arbuthnot Latham, said. He added that the invasion could dampen the pace of Fed rate hikes.

"I don't see this as a flash in the pan military conflict, it has resulted in a big shock to the oil market."

Investors are expecting the U.S. Federal Reserve to raise interest rates by at least 25 basis points amid surging prices later on Wednesday. Traders will also be closely watching the Fed for details on how it plans to end its bond-buying programme.

The MSCI world equity index rose 0.87%, moving away from one-year lows hit in the previous session. S&P futures gained 0.79% after U.S. stocks enjoyed a relief rally overnight on Wall Street, driven by hopes of a resolution in Ukraine.

The S&P 500 gained 2.14%, the Nasdaq Composite jumped 2.92% and the Dow Jones Industrial Average rose 1.82%.

European stocks gained 2.2% and MSCI's broadest index of Asia-Pacific shares outside Japan jumped 4.2% after China's Vice Premier Liu He said Beijing will roll out more measures to boost the Chinese economy, as well as favourable policy steps for capital markets.

Chinese stocks were up 4.2%.

On Wednesday, Chinese health authorities reported a slight drop in new COVID-19 cases compared with a day earlier, although major Chinese cities continue to grapple with controlling the spread of the virus.

U.S. 10-year Treasury yields rose to 2.204% on the Fed rate hike hopes, their highest since June 2019. The five-year yield rose to 2.149%, its highest since May 2019.

Germany’s 10-year government bond yield rose to its highest since Nov. 2018 at 0.387%.

Russia has $117.2 million in interest payments due on two dollar-denominated eurobonds on Wednesday. Its finance ministry has said it will make the payments in roubles if sanctions prevent it from paying in dollars - a move markets would view as a default.

The U.S. dollar was down 0.2% against a basket of peers, trading at 98.708, and steady versus the yen at 118.30 albeit close to the previous session's five-year high.

Japan reported a wider-than-expected trade deficit in February as an energy-driven surge in import costs caused by massive supply constraints added to vulnerabilities for the world's third-largest economy.

The euro gained 0.33% to $1.0989.

Markets are currently juggling geopolitical risks, macro-economic risks, price risks and central bank reactions, Commerzbank (DE:CBKG) analysts said.

"If one of the balls is ignored it is possible that they all go everywhere, in the shape of prices going berserk."

Oil prices have been volatile since the Ukraine invasion.



Global benchmark Brent crude rose 2.38% to $102.22 per barrel, and U.S. crude added 1.62% to $98.08. [O/R]

Spot gold was little changed at $1,918.95 per ounce. [GOL/]

 

[movetheboat]

FUTURES are up over 1% across the board.....

 

[movetheboat]

2 pm today the FED announces rate hike..... Baked in already

 

[wader]

Looks like it could be an interesting day...........

China’s Intervention Sends Stocks Soaring. Powell’s Unlikely to Make That Big a Splash.​

China’s Intervention Sends Stocks Soaring. Powell’s Unlikely to Make That Big a Splash.

The Fed’s ‘forward guidance’ is key today, Zelensky to address Congress as Biden sends more aid, retail sales expected to reach nearly $5 trillion in 2022, and other news to start your day.

www.barrons.com

Futures:

• S&P Futures
  4,316.75
  +54.75(+1.28%)​

• Dow Futures
  33,923.00
  +391.00(+1.17%)​

• Nasdaq Futures
  13,693.50
  +241.75(+1.80%)​

• Russell 2000 Futures
  1,989.00
  +24.30(+1.24%)​

• EL
  258.90+8.52 (+3.40%)
  At close: March 15 04:00PM EDT
  265.90 +7.00 (+2.70%)
  Pre-Market: 08:30AM EDT
  ​

 

[movetheboat]

 

[CELLFISH]

 

[movetheboat]

MONSTER UP DAY!!

 

[wader]

MONSTER UP DAY!!

now we wait & see if it sells off tomorrow or keeps it up - my gut tells me the former

 

[movetheboat]

now we wait & see if it sells off tomorrow or keeps it up - my gut tells me the former

the day after FED usually goes opposite.....the market has to back test and accept higher prices and traders who went long at the end of the day are trapped and have to be punished...then we go higher....wheeeeeeee!!

 

[wader]

the day after FED usually goes opposite.....the market has to back test and accept higher prices and traders who went long at the end of the day are trapped and have to be punished...then we go higher....wheeeeeeee!!

if you say so..........

 

[movetheboat]

if you say so..........

THE Historical data says so as the most probable course of direction......the market is like black jacket...it's all about playing the odds in your favor.....I'm talking short term.

you are buy and hold forever,,,I cannot do that...but hey whatever works for you

 

[movetheboat]

the pullback was minor....now giddy up!!!

 

[movetheboat]

Five Things You Need to Know to Start Your Day​

​

50 points​

Federal Reserve Chair Jerome Powell said Monday that the central bank is prepared to raise interest rates by 50 basis points at its next meeting in May if needed. His comments — a more hawkish tone than just a few days previously — sparked a flurry of market moves, with yields across much of the curve soaring to the highest since 2019. Market participants said he was essentially shifting from a "jobs at any cost" policy stance to a "kill inflation at any cost" stance.

Russia pays debt​

Speaking of bonds, foreign holders of Russia’s sovereign bond maturing in 2029 are watching their accounts after the government said a $66 million payment had been made to its local depository. Ukraine President Volodymyr Zelenskiy said forces were still holding Russian troops at bay on many fronts and indicated that the nation would hold a referendum on the terms of any potential peace agreement. U.S. President Joe Biden warned about new indications of possible Russian cyberattacks.

Markets Live Survey​

Investors reckon that most central banks are behind the curve on battling inflation, according to a survey undertaken last week by Bloomberg Markets Live. Value stocks are seen as the best place to hide against rising prices, followed by gold and inflation-linked bonds. Bitcoin came in last, a result that undermines the idea that the cryptocurrency is perceived as a popular haven from inflation. Not surprisingly, the conflict in Ukraine was seen as the biggest unpriced risk for asset prices. Click here to participate in this week’s Markets Live Survey.

Stocks climb​

Stocks are trading firmer, led by the banking and insurance sectors in Europe. The Stoxx 600 gained 0.5% while U.S. equity futures clawed their way back to gains after a subdued session in Asia. Bond markets continue a retreat after Monday’s selloff. The dollar has taken a small knock, reversing modest gains made in Asia. Oil futures also trade poorly, albeit after several days of gains. In the metals space, LME nickel has finally managed to stay within the daily limit imposed by the exchange, so far down just over 9%. Spot gold is down roughly $12, near $1,923/oz.

Coming up...​

The Richmond Fed's Manufacturing Survey at 10 a.m. and Canada's Industrial Product Prices at 8:30 a.m. are the only releases of note. Watch out for commentary from central bankers though: there's a BIS Innovation Summit as well as the fourth annual joint conference of the Deutsche Bundesbank, European Central Bank and Federal Reserve Bank of Chicago. We have scheduled appearances from ECB President Christine Lagarde and others, including members of the Fed. In earnings, Adobe Inc. and Carnival Corp. are due to report.

 

[movetheboat]

Think about all those rite aids and cvs giving out free in some cases (vaccines) the foot traffic that will bring in....and they purposely locate pharmacies in the back of the stores so you will be motivated to impulse buy!!! These are not high flyers but still......

went from 79 to 109 today!! schwing!

 

[movetheboat]

MODERNA at 100 now....should go up this week on vaccine news

went as high as 497 yikes!!! 168 today...still good

 

[movetheboat]

Bidens budget new taxes on corporations and billionaires.....watch all the dirt poor well trained dogs rally against it!! lol

Many pay ZERO!!!! Corp taxes will not hurt the market!!

This is the end of the month...they will keep the market UP......April may bring SHOWERS!!!

 

[CELLFISH]

Fox Biz:: Tesla $4200 by 2026… C22…