STOCK MARKET WATCH -- Thursday, 10 February 2022

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 10 February 2022

Previous SMW:
SMW for 9 February 2022




AT THE CLOSING BELL ON 9 February 2022


Dow Jones 35,768.06 +305.28 (0.86%)
S&P 500 4,587.18 +65.64 (1.45%)
Nasdaq 14,490.37 +295.92 (2.08%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:











Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Shall I spread the rumors?

They've been telling me for months, the bond rally is nearly over. The Fed will not tighten that much because the next recession is almost here. Inventories are building, and this began in late November. (I do not doubt that last point). Stocks are overbought, and the tech rally is rotating into value stocks. US markets are overpriced relative to Europe and Asia. Oil has peaked. Inventory numbers are in disarray because of chip back-orders. This left a lot of almost finished goods in-process waiting for electronic components. So a massive amount of completed and inventoried goods is expected to accrue to the numbers in the months ahead. Don't know if it's all true. But that's the buzz. I'm a bit whipsawed by the rally, is it all due to the end of the pandemic? We're to the point where no one wants to count anymore.