It is always tough to draw any conclusions from futures, but it looks like we may recover at least some of yesterday’s sell off.
Traders should watch yesterday’s lows if the markets roll over.
UPDATE: Dow futures now +600
click for updated futures
Bounceback !
August 25, 2015 6:00am by Barry Ritholtz
This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers Please see disclosures here: https://ritholtzwealth.com/blog-disclosures/
What's been said:
Discussions found on the web:Posted Under
Next Post
10 Tuesday AM Reads
No one could have prredicted this….
The correction didn’t even last a nanosecond this time. More like a picosecond.
The “markets will not be allowed to fall” narrative is still very much intact.
Yes, as Barry says “we may recover at least some of yesterday’s sell off.” Today.
Three thoughts:
1. Try to find a daily chart from Sept-Dec 2008 with the dates of Fed actions superimposed.
2. The US markets rally on Chinese Central Bank news: yes, definitely it’s all about the “US fundamentals.”
3. The US markets rally on Chinese Central Bank news: but…. but Janet Yellen says that international events play but a tiny part in the Fed’s decisions about the US interest rates. So the “lift off” in “on” again, or the Fed’s back to “they know nothing?”
Yes nobody could have predicted….. I am glad I rebalanced yesterday rather than today. At least I am glad today – and who cares about tomorrow.
Well that was a short rally. Looks like the PPT has to get back into practice.
http://www.marketwatch.com/story/wall-street-set-to-rebound-after-massive-selloff-futures-rally-3-2015-08-25?dist=afterbell
Indeed, a surprising intraday reversal. I wonder which central bank will try to prop it up next.
Hardly Surprising at all . . .
Thank goodness for the steady leadership provided by McConnell, Boehner and the snowball throwing James Inhofe threw Obama’s crisis. Without these Anchor Daddies, we would be without the moral compass this country needs.
And speaking of anchors, you might want to call Trent Lott back. He can drag an anchor with the best of them.
Oops. Dow up 400 in the morning, down 200 at closing. More adventures to come, perhaps?
Damn I missed the bounce again!