Stocks that we run in our model (subject to data validation) fell 2% yesterday, or $900,000,000,000.
$900 billion in lost market U.S. stock market capitalization.
There are 14% fewer U.S. listed stocks (common stocks) than there were on May 5th (that pass data validation). Bearish
Stock market 'actual or historic' volatility is down for the year. Down significantly, as in 40% or 50% on a comparable basis. VERY BULLISH
The market at open (first 3 minutes) is rolling back yesterday's movements a little bit.
We did elect a new U.S. House of Representatives Speaker of the House. Mike Johnson, Republican from Louisiana, a conservative and relatively new member of Congress. A breath of fresh air, and he passed with unanimous consent of Republicans.
US GDP grew 4.9% in Q3. The U.S. economy is fine.
Stock Market BLOG
President and Investment Advisor Representative