But, it seems too pat to say the three-day 10% pullback was sufficient to indicate that the SPY and QQQ should just march back to new highs. The challenges are identical: a still-raging coronavirus pandemic makes its way through the country, a lack of new stimulus relief from Capitol Hill, an accommodating Federal Reserve and an unsure outcome regarding the General Election. How I’m Adjusting My Trades During This Market Sell-Off. MF1 2020-FL4 Ltd. — Moody’s assigns a provisional rating to one class of notes to be issued by MF1 2020-FL4 Ltd. Amkor Technology, Inc. — Moody’s affirms Amkor’s ratings on dividend initiation announcement, Bombardier Rec Products, Inc. — Moody’s changes BRP’s outlook to positive from negative; affirms B1 CFR. Stock market crash: We have seen significant economic improvement since the outbreak's peak in the second quarter. Certainly results of the November 3rd election will pull out some stops in one direction or another, and a new equilibrium can then be reached. We do not create or publish our own content or copy full articles from other sites. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Auth. From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. Friday, the Nasdaq 100 closed under its 50-day moving average for the first time in 105 days. The monthly returns are then compounded to arrive at the annual return. Thursday September 3, 2020 10:49 am. This includes personalizing content and advertising. Nothing has changed about the reliable accommodation of the Fed, bond yields below the inflation rate, the scarcity value of long-term corporate cash flow growth, and the relative caution of Wall Street strategists are all supportive. Visit www.zacksdata.com to get our data and content for your mobile app or website. There is plenty of room and reasons for them to fall further. Since 2015, he has worked for Adam Mesh Trading Group. In September, all of this has unspooled roughly in proportion to how strong parts of the market were on the way up. But, it seems too pat to say the three-day 10% pullback was sufficient to indicate that the SPY and QQQ should just march back to new highs. The Market Is Down 900 Points, Should We Be Worried. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. During August when the market accelerated higher, it was becoming clear that prices were getting ahead of themselves. Privacy Policy | No cost, no obligation to buy anything ever. 165, TX — Moody’s assigns A2 to Harris County MUD 165, TX’s GO Refunding Bonds, Series 2020, Santander Retail Auto Lease Trust 2020-B — Moody’s assigns definitive ratings to Santander Retail Auto Lease Trust 2020-B notes, Access Prairies Partnership — Moody’s announces completion of a periodic review of ratings of Access Prairies Partnership, DTE Energy Center, LLC — Moody’s announces completion of a periodic review of ratings of DTE Energy Center, LLC, Crown UK Holdco Limited — Moody’s announces completion of a periodic review of ratings of Crown UK Holdco Limited, Cecil (Township Of) PA — Moody’s assigns Aa3 GOULT rating to Cecil Township, PA’s Series of 2020 bonds, Murray (City of) KY — Moody’s revises Murray-Calloway County Public Hospital Corporation’s (KY) outlook to stable; affirms Ba2, Silver Arrow Canada LP, Series 2019-1 — Moody’s: No adverse rating impact on the Series 2019-1 notes issued by Silver Arrow Canada LP, following the private placement of the Series 2020-A notes, Moody’s – Environmental trends will aid Europe’s passenger railways recovery, but social risks remain, ICICI Bank Limited, Bahrain Branch — Moody’s withdraws ratings of ICICI Bank’s Bahrain Branch for business reasons, Yancoal Int’l Resources Development Co., Ltd — Moody’s assigns Ba1 rating to Yanzhou Coal’s proposed USD notes, The Housing Authority of Clayton County, Georgia, Multifamily Housing Revenue Bonds (Flats at Mount Zion Project) Series 2020B, $4.540MM — Moody’s assigns Aaa/VMIG 1 to $4,540,000 of The Housing…, The Housing Authority of Clayton County, Georgia, Multifamily Tax-Exempt Mortgage-Backed Bonds (Flats at Mount Zion Project), Series 2020A, $21.55MM — Moody’s assigns Aaa to $21,550,000 The…. NVDA AAPL TSLA SPY FB. 4 weeks Correction to Text, September 30, 2020 Release: Moody’s upgrades Technicolor’s CFR to Caa2, appends Caa2-PD PDR with limited default designation Business Insider If the “S&P 500 SPDR (SPY)” and “Nasdaq 100 (QQQ)” can close near midday levels they will have recovered half of last week’s losses. ... “Undoubtedly there is a period of risk ahead, but it is far from clear that this is principally from a market correction,” he said. My take is that the correction was needed and a short-term bounce is warranted, especially as people have been conditioned to buy the dip. The fact that today’s IPO of “Snowflake (, )” is set to double and the proliferation of. Learn how your comment data is processed. But, relative strength in the equal-weighted S&P 500, transportation shares, industrials, housing-related names, consumer cyclicals, and basic materials stocks argue against index weakness being taken as an economic warning. ... (AAPL - Free Report) , both -11% in September, told the story of a market … Do folks need to be more scared before a reliable low takes hold? After experiencing a correction of 34% percent during Q1 of 2020, the S&P 500 has now corrected for a second time in 2020, albeit to a lesser degree. But, support doesn’t equal an upside catalyst. But stocks look overvalued. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. October 29, 2020 - 900+ Pts Down Yesterday…What Should You Do? October 2020 MMI ReportWill pre-election jitters hit the market? Friday, the Nasdaq 100 closed under its 50-day moving average for the first time in 105 days. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. Usual suspects, such as Tesla (TSLA - Free Report) and NVIDIA (NVDA - Free Report) , both rose 2.3% on the day.Yet for the month as a whole, we see Tech down 4%, with Banks and Energy sectors even worse at -8% and -15%, respectively. Ways to Protect Your 401(k) From a Market Correction . The returns thereafter were weak on average over the next month or so. The Option Alert was awarded the MIN “best business newsletter” in 2006. But, relative strength in the equal-weighted S&P 500, transportation shares, industrials, housing-related names, consumer cyclicals, and basic materials stocks argue against index weakness being taken as an economic warning. The put to call ratio on CBOE equity also is low at 0.47. The Pros and Cons of Buying Weekly Options, Next Article » Join our mailing list to receive the latest news and updates from Option Sensei. CLICK HERE for a one-month trial with these trades and more to the Options360 Service for just $19! October 26, 2020 - The Market Is Down 900 Points, Should We Be Worried?
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