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Market is UP today after futures showed a drop. (Original Post)
brooklynite
Mar 2023
OP
unblock
(52,112 posts)1. futures were up even higher last night.
i guess...
last night = we're bailing out SVB.
this morning = no, we're only bailing out SVB's depositors
later = maybe they'll rethink raising interest rates a ton in the face of bank failures....
WarGamer
(12,323 posts)2. Actually futes were up nearly 2% overnight, dipped in the morning before open
But it was obvious today would be green.
The market likes bailouts.
roamer65
(36,744 posts)3. Interest rate hikes are done for the foreseeable future.
Wall St likes cheap Fed money.
unblock
(52,112 posts)6. Market still sees a likely .25% hike
But point taken, it's now much easier to see the hikes coming to an end soon.
roamer65
(36,744 posts)7. One more bank failure and they will halt.
DFW
(54,268 posts)4. Not only that
The Euro is up a full cent over the dollar from Friday, and gold is up about $50 an ounce!!
If someone can make heads or tails of that, they must have a bigger crystal ball than I do.
roamer65
(36,744 posts)8. The markets know we are going to create a lot more dollars.
The dollar is going to fall further.
Ive been dumping dollars for gold for the past year pretty heavy.
21214.
Gore1FL
(21,094 posts)5. NASDAQ finished up. Small Caps tanked hard. nt