it's looking quite impressive now! got the 70 point drop. Off by 10 points on the low, but what a rip! It'll start ignoring my wishes soon out of spite...
Guess RTY longs were banking on a possible rate reduction, because it had no late day rally at all. 4pm settlement and 5pm Globex close were both down near LOD.
ES what a dead market. Please continue to sleep. India Nifty & copper - it is in fashion. It is moving because of tariff news.
I know this has been said a million times, but..... Trump is screaming to drop rates.... the real estate industry is fucked, I watch videos about so many people in tech losing jobs, MSFT and others lay of tens of thousands, and yet... market is ripping higher... even just right now! Oh, and on top of this, the government can't afford the bills, and many companies continue to say they are raising prices 25% in response to the tarrifs. The car dealerships are also hurting. Oh, and I also saw that some airlines are scaling back, cutting flights, and demoting pilots to first officer status. When is it all going to make sense and add up???? I watch videos constantly about how bullish so many of these supposedly smart guys are. They think AI is going to massively increase productivity and lead to a utopia. But nobody can explain what happens to 10's of thousands of computer engineers who have no work. Jobs worth $100-200k are gone and never coming back. Some idiot on Youtube said everyone can become an entrepreneur. In Canada, 1000 people were laid off at a Rogers call centre once they trained the AI (which they didn't even know they were doing). Will all of these people start their own business? If we all have a business, and we all need someone to buy our product or service, but none of us have any money since we are all struggling to get our own business up and running, since we were all laid off from actual jobs that paid money, then how will the entrepreneur make any money???