Oh yeah.. last month (Aug) jobs report. Supposed to be last Friday but since end of month fell on weekend, delayed another week. Economists expect 159k (down from 165K last month) with 3.7% unemployment rate.

If the UE rate remains low, I don't see Fed needs to cut rate but then again, the impact of the tariff hasn't come in
yet.

Still up 0.25%, jobs came in at 130k vs 160k expected. Still at 3.7% rate. Historically for US, this is low

Market still expecting Fed to cut rate by end of this month.

DT continues to criticize the Fed chairman.

I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn’t exactly help either. Where did I find this guy Jerome? Oh well, you can’t win them all!


So darn funny..

This post has been edited by danmooncake: Sep 7 2019, 01:11 AM

This post itself is a scam.

By the way, an update for my initial RobinHood account.
I managed to set it up. Transfer some funds into it.
Looks like the trading is free but they do charge the SEC fees when you sell.
The platform is mobile. Not a lot of chart functionality.. just basic/sell and options trading.

They gave me one DOYU stock, china pirate ship... value around $9 now.

I think the market is going to have another sell off soon...

Well, I'm still early.. the market is riding on the 'hope' or Fed lowering rates again. It may continue on for another week, then bam, once it hits.. they sell the news. SP500/Dow/Nasdaq could hit another all time high one more time.

Crazy valuation here, riding on the wave of Fed easing. DT is seeking ZERO (or NEGATIVE) rate from Fed. Absolutely insane.

I think time to take money off the table again ...already reach 52 weeks high.

Market now looking for a reason to dive.. another sectors moving down. Oil/Energy, Emerging, Small Caps..

This post has been edited by danmooncake: Sep 13 2019, 05:30 AM

Darn... too busy playing Oil tonight. Spiked 15% because of drone attack.. time to take some profits

Yahoo Finance is a great place to be for all the free research you can get.
Also Bloomberg. Got videos, news, stock tickers, etc.

Tonight, Fed expected to cut 25bps rate again after 6 weeks from initial cut in late July/early Aug.
Last time, DT blasted Powell for not enough.. then issue more tariff for China. Market went straight down the following week.

Is DT going to scold Powell again?
Maybe it will go something like this:

Trump: "The economy is amazing and we're going to keep growing, a lot. MAGA"

Economists: "Actually, things arent that great, theres a lot of problems that have never been fixed from 2008 and we're seeing warnings signs"

Trump: " Fake news. My data says GDP is strong and going higher"

Powell: "Actually, Trump, economists are right, there are some warning signs. I'm trying to be neutral here, but its really hard to keep all the promises you're making".

Trump: "Well I told people the economy would boom so its your job to make it true you bonehead. Lower rates like everyone else is or I'll throw a tantrum and blame it all on you and my followers will think this is YOUR fault, because it is!"

Powell: "It doesn't work like that -"

Trump: "MAGA. Bonehead!"





This post has been edited by danmooncake: Sep 18 2019, 11:13 PM

There you go.. Fed lowered rate 25bps.
Market sold off initially, but came back green at close.

DT scolded Powell again via twitter:

Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!



So darn funny...

This post has been edited by danmooncake: Sep 19 2019, 04:20 AM

Wow.. gotta to watch next week and play bears again.

Near market closing.. suddenly market dives.
News came out, the Chinese delegate cancel the farm visit because Trump doesn't need a deal now.

https://www.yahoo.com/news/trump-china-trad...-030758929.html

Here we go again..

This post has been edited by danmooncake: Sep 21 2019, 02:34 PM

The official published news always late because it has to go thru the editing process eventho media got thousands of staff looking at it but
the raw wire news are fed into the trading machines with algos able to detect keywords and it will move equities/funds very quickly.
The other index funds just follow.. they don't parse news but just follow those buy/sell patterns in proportion of the master index being track.

Everything just moves in milliseconds...

Hence, that's why there's perception is that the market can "smell" out the futures where things are going before it happens in the real world.
Pretty scary at times.

This post has been edited by danmooncake: Sep 22 2019, 11:27 AM

Yes, that's how it works. The big banks have trading machines hosted at the exchange center and feed into
the financial news agency (live audio/video/data) and also govt stats center (eg. the labor department/treasury/fed news).
Sometimes, the govt agency have embargoed news and release at same time but even a split micro seconds can
give them the advantage to buy/sell ahead of reaching the others.

By the time we (retail investors) get them, it usually already happened.

This post has been edited by danmooncake: Sep 23 2019, 10:27 PM

https://www.cnn.com/2019/09/23/politics/mnu...mers/index.html

DT himself also confused..

It's finally here again. Bears out. I'm in for the ride again.
Democrats talking about impeaching DT. Let the show begin.

Yes... in for the short ride here. Dunno how much they can take it down.
DT going to fight as hard as it can. Democrats will try to push for it.

Going to be difficult fight for Democrats too because Republicans
will defend DT no matter what.

China would LOVE to see Trump gets impeached..
Then, no more tariff issue if the next President is a Democrat.

I am suspecting they'll rather wait him out.. delay trade agreement until next year.
But... if Trump wins again, it will be much tougher.

This post has been edited by danmooncake: Sep 25 2019, 02:29 AM

Lots of drama in US politics.. also affecting the market.

Overnight, it sold off actually but recovered only some. The small caps, oil, materials and biotech got hit big time.
The big caps (SP500/Dow/Nasdaq) not too much.

This impeachment drama going to accelerate fast.. DT is in trouble but like you said, the Republicans controlled Senate will defend him and
likely shoot it down even if the House Rep congress voted to impeach him (like they did with Clinton and Andrew Jackson).

Or.. if it serious enough (really evidence of criminal wrong doing).. DT could just give up and resigns (like Nixon).
Nixon resigns before he got impeached.

DT tweeted if the he's impeached, the market will crash big time.
If they actually did this the markets would crash. Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!


Some argue will it rally even higher.. because likely no more tariff issues.

This post has been edited by danmooncake: Sep 27 2019, 11:09 AM

Uh uh DT going as far will try to ban China investments.
https://www.cnbc.com/2019/09/27/white-house...s-in-china.html

Danger zone for all Chinese stocks in NYSE.. ie. BABA, BIDU, JD, TME, DOYU