Better get some wet ones, 'cause it's gong to get messy.
ES Journal - 2019/2020
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Better get some wet ones, 'cause it's gong to get messy.
If you're gonna get wet, you might as well do it in style. Which do you prefer, bikini or latex?
Ain't gonna happen. We just broke down to a new low.
Asia stocks set to tumble as investors fear worst recession since 1930s
50 minutes ago (Apr 15, 2020 08:05PM ET)
By Koh Gui Qing
NEW YORK (Reuters) - Asian stocks look set to tumble on Thursday, as fears that the world is in its worst recession since the 1930s were heightened by data showing U.S. retailers suffered a record sales collapse in March due to the coronavirus outbreak.
E-Mini future for the S&P 500 (ESc1) fell 0.76% while Nikkei futures (NKc1) pointed to a loss of 70 points, mirroring a 2.2% decline in the S&P 500 (SPX) overnight. (N)
The flight from risk helped the dollar rebound against major currencies and nudged gold off a 7-1/2-year high, while expectations that a recession will depress demand for oil pushed crude prices to 18-year lows overnight.
"The U.S. (and global) economy is in a deep recession," Kim Mundy, an analyst at Commonwealth Bank of Australia, wrote in a note, adding that a downturn will support the dollar.
"The unemployment rate in the United States will almost certainly lift above 10% shortly."
Data showed on Wednesday that U.S. retail sales had plunged 8.7% in March, the biggest drop since the government started tracking the series in 1992. Output at factories was also shown to have declined by the most since 1946.
The United States is set to release its weekly jobless claims data on Thursday and the market expects a further 5.105 million claims, according to a Reuters poll.
The grim outlook was echoed by lenders with major U.S. banks Goldman Sachs Group Inc (N:GS) and Citigroup Inc (N:C) warning of future loan losses as they posted drops in profits.
(I don't find it funny, but I don't know how to enter the WTF emoji)
https://elitetrader.com/et/help/smilies
2700 looks good but we can't go from 120pts upside to 30 ?!
Guess we are going to retrace a bit (80pts).
Here's an interesting comparison between the ES and the Yen. You can definitely see that the ES is trailing behind the Yen. Maybe they're borrowing the Yen at negative interest rate to scoop up the ES. Smart!Asia stocks set to tumble as investors fear worst recession since 1930s
50 minutes ago (Apr 15, 2020 08:05PM ET)
© Reuters. Pedestrians wearing face masks walk near an overpass with an electronic board showing stock information in Shanghai
By Koh Gui Qing
NEW YORK (Reuters) - Asian stocks look set to tumble on Thursday, as fears that the world is in its worst recession since the 1930s were heightened by data showing U.S. retailers suffered a record sales collapse in March due to the coronavirus outbreak.
E-Mini future for the S&P 500 (ESc1) fell 0.76% while Nikkei futures (NKc1) pointed to a loss of 70 points, mirroring a 2.2% decline in the S&P 500 (SPX) overnight. (N)
The flight from risk helped the dollar rebound against major currencies and nudged gold off a 7-1/2-year high, while expectations that a recession will depress demand for oil pushed crude prices to 18-year lows overnight.
"The U.S. (and global) economy is in a deep recession," Kim Mundy, an analyst at Commonwealth Bank of Australia, wrote in a note, adding that a downturn will support the dollar.
"The unemployment rate in the United States will almost certainly lift above 10% shortly."
Data showed on Wednesday that U.S. retail sales had plunged 8.7% in March, the biggest drop since the government started tracking the series in 1992. Output at factories was also shown to have declined by the most since 1946.
The United States is set to release its weekly jobless claims data on Thursday and the market expects a further 5.105 million claims, according to a Reuters poll.
The grim outlook was echoed by lenders with major U.S. banks Goldman Sachs Group Inc (N:GS) and Citigroup Inc (N:C) warning of future loan losses as they posted drops in profits.
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