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Market Recap: 8/24/16

FYI: Storm clouds are gathering. Indexes opened up with slight gains but that didn’t last too long as sellers came into the market very quickly. The S&P 500 fell 0.52% while the NASDAQ sunk 0.81%. We might finally be starting to see “some” volatility return to this very calm market, and a day when indexes open up and close firmly in the red has been pretty rare the past 4-5 weeks. Now we can all sit and wait for Janet Yellen to make a vague reference to another rate hike in our lifetime Friday, and then wring our hands about it.
Regards,
Ted
https://www.stocktrader.com/2016/08/24/market-recap-aug-24-2016/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+Stocktrading101+(StockTradingToGo)

Comments

  • And Hillary's tweet about EpiPens caused biotechs to tank. I bought IBB at the close. I hope I can thank her tomorrow.
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