Monday
June 22, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
I hope everyone had a great Father’s Day!
I took my youngest to the Paul McCartney concert and had 4th row tickets. On the way home now for work.
Closing Prices From Yesterday
Confused? Don’t know if you are protected in a crash?
Call the office for assistance!
Today’s Number(s)
Yesterday and Today
Yesterday
Worries about being long stock over the weekend sent the weaklings into a selling mood as they unloaded shares across the board. Even Tesla was only up $0.62. A flight to quality sent people buying bonds, but that will likely be short lived.
Think about the week.
We opened last Monday down 200 on fears of Greece talks falling apart weeks before the deadline. They only closed down 100 points. The market was up 100 points the next day. On Wednesday the Fed met and the market was essentially unchanged. Thursday the market was up a good deal because of the Fed on Wednesday. Friday we were right back down. In short, the market was up just a tad for the week with the Dow right back to 18,000.
I think the triple-witching expiration likely had as much to do with yesterday’s dramatic climb as Yellen keeping interest rates unchanged. Recall that on Wednesday the markets closed unchanged for the E-minis despite having had two hours to digest Yellen’s news. If her news was as bullish as people think, some real bright guys on Wall Street would have bought the market up Wednesday.
TODAY
This will likely be the opposite of last Monday. Instead of a surprise move down on Greece, it will be a surprise move higher because of Greece. YES, the markets are that dumb.
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
No kidding.
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Attorney Stuff
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