LEIBOVIT VR NEWSLETTERS – WEIRD WOLLIE WEDNESDAY – JUNE 12, 2024 – FED DAY TOO!
https://www.howestreet.com/2024/06/time-to-be-cautious-in-the-stock-market-mark-leibovit/
I cracked up laughing watching CNBC today simulate a FED meeting with so-called experts. They don’t even touch the story of the Bill entered in Congress to dissolve the FED. The question is who do these supposed journalists really represent. Themselves, the sponsors that pay them or their liberal (leftist) owners?
The major U.S. stock indexes all moved to the downside in early trading on Tuesday but turned mixed over the course of the session.
While the Nasdaq and the S&P 500 recovered from the early weakness to reach new record closing highs, the narrower Dow climbed off its worst levels but spent the rest of the day in negative territory.
The Nasdaq jumped 151.07 points or 0.9 percent to 17,343.55 and the S&P 500 rose 14.53 […]
LEIBOVIT VR NEWSLETTERS – ‘TURNAROUND TUESDAY’ – JUNE 11, 20234 – DAY 1 OF TWO DAY FED MEETING
https://www.howestreet.com/2024/06/time-to-be-cautious-in-the-stock-market-mark-leibovit/
BEST TO AVOID TRADING ON FED DAY WEDNESDAY OR EVEN PERHAPS TODAY – MARKET CAN GO EITHER WAY ON NEW OR NO NEWS. SUMMER SOLSTICE AHEAD ON JUNE 22. WILL WE RALLY OR SELL-OFF INTO THIS IMPORTANT CYCLICAL TIME FRAME?
Extending the lackluster performance seen over the two previous sessions, stocks showed a lack of direction during trading on Monday. The major averages bounced back and forth across the unchanged line before eventually closing modestly higher.
Despite the choppy trading, the Nasdaq and the S&P 500 reached new record closing highs. The Nasdaq climbed 59.40 points or 0.4 percent to 17,192.53, the S&P 500 rose 13.80 points or 0.3 percent to 5,360.79 and the Dow edged up 69.05 points or 0.2 percent to 38868.04.
Traders seemed reluctant […]
