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OUCH.....OUCH, OUCH, OUCH !!! Post FED chat results for some etf's, 12-18-24

catch22catch22
in Fund Discussions
Posted at 4:10 pm, Wednesday, 12-18. All end data may not be exact, until afterhours trading is complete; BUT this is close enough. The big kid traders, at least today; have mixed feelings after the FED chat today.

Take a peek, for some of today's action.

ADD: you may use the link to follow the sectors markets when the U.S. markets are open. One may bookmark this page or save the link to your electronic device for future views.

Major global and U.S. etf categories This list is set with %Chg column (daily), which will indicate near real time changes while the U.S. markets are open; being from most positive to most negative returns. The right side of this data provides 'technical' buy/sell indicators (opinion).

Comments

  • PRESSmUPPRESSmUP
    Bonds will also take a hit as both the 2 year and 10 year yields rose 10 basis points.
  • David_Snowball
    edited December 18
    The term "idiots" comes to mind, and not with regard to the Fed. Without regard to any contrary evidence, folks were sketching in six rate cuts in 18 months and counting on Trumptopia. Stocks spiked on the delusion, money followed then pain followed. (sigh)
  • Derf
    Pain level here, from 1 to 10. = 1.5
  • PRESSmUPPRESSmUP
    From Kathy Jones, head of Fixed Income at Schwab..."Fed Cuts Interest Rate, Projects Fewer Cuts Ahead"

    https://www.schwab.com/learn/story/fomc-meeting?hss_meta=eyJvcmdhbml6YXRpb25faWQiOiA3NDYsICJncm91cF9pZCI6IDgzMzQ2MSwgImFzc2V0X2lkIjogMTkxMDYxMywgImdyb3VwX2NvbnRlbnRfaWQiOiAxNDAwNTQ5NjYsICJncm91cF9uZXR3b3JrX2NvbnRlbnRfaWQiOiAyMTI2ODQ3MzF9
  • JD_co
    It's been a while since we've had any real volatility. Almost refreshing to get a little dose. Could be healthy for Mr. Market, too.
  • Tarwheel
    Looks like the Trump honeymoon is over for the markets. I’m not surprised
  • rforno
    edited December 18
    Tarwheel said:

    Looks like the Trump honeymoon is over for the markets. I’m not surprised

    Me neither. Add in y/e selling, cashing in on the post-election euphoria, and perhaps a realization that the CRAZYTIMES are back in a little over a month, AND a looming GQP government shutdown, a noticeable pullback was expected (by me).

    Equitywise, in my income portfolio I'm getting more defensive, staying inside the US (other than TRP, though I may keep SOBO too) and 'overweighting' on utilities, pipelines, infrastructure, and preferreds as I position this account for pre-retirement purposes in the coming years. My growth+income ports I don't expect to do much with anytime soon -- just letting good stuff ride for the long term.
  • JD_co
    I've been pre-conditioned to expect a bounce-back tomorrow.
  • rforno
    JD_co said:

    I've been pre-conditioned to expect a bounce-back tomorrow.

    Yup. Or an AM bounceback followed by more PM selling. We shall see......

  • CrashCrash
    edited December 19
    Yes, Mr. Market always overreacts. "The Street" expected more rate cuts than we are going to actually get. I could smell that coming. Maybe most of us in here? I suppose it was fortuitous that my biggest holding paid off for the year today. PRWCX.
  • stillersstillers
    edited December 21
    Food for thought: Several analysts and T/A's I 've read/heard since the sell off stated that VIX spikes of Wednesday's magnitude in bull markets are generally regarded, based on market history, as buying opportunities.

    Aside: IMO, given the current set of variables and uncertainties, this time of course could be different. We had reduced stock exposure in early Dec via annual rebalancing and in anticipation of a larger drop, so we've taken no further action...yet.
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