RE:RE:RE:RE:RE:The effect of US market 1234, to your point I agree you have green and red days.. We will see what today is after close.
I agree I think the rate moves are factored into the market right now...JP has been very clear on what he sees for this next hike 50 bps
It's the end of the month....so you will have some up, some down and some lateral moves today as people look to close out monthly positions for reporting.
I do see the Nasdaq flipped green and the DOW is back to -60 ish so who knows where it lands end of day
1234bmth wrote: first of all my comment was not just for energy stocks, it was for overall market, yesterday 98 % of my portfolio was in green, today 98 % in red? And this not the first time 8 out of the 10 times happenes the same thing when US market is closed and CAD market is open.
secondly the interest rate hike is not announced today to be a surprise, it was expected, so why the stocks should be down just the day before it is on effect?
masfortuna wrote: Exactly. So what is your point? If you are suggesting that O&G companies are down because they are being manipulated, I still say "no". We are down because we will see an interest rate hike tomorrow, we had a 3% run up yesterday, and the EU ban is causing growth concerns. The first 2 don't apply in the US.