PPT Rescues S&P From Worst-Ever Start To A Year; Rate-Hike Odds Tumble

[Nine_Ender]

At its lows today, the S&P 500 had never - ever since 1920 - started a year as badly as 2022...

That's quite a record to break, and has sparked the hope in many that this kind of tumble in stocks will force The Fed's hand to pivot back to its traditional role of levitating stocks (we saw a sudden and big bounce intraday today which reminded us the gold ol' days of the PPT)... Nasdaq was down 5% before its exploded higher back into the green and Russell 2000 ripped from down 3% to up almost 3%...



https://www.zerohedge.com/markets/ppt-rescues-sp-worst-ever-start-year-rate-hike-odds-tumble

Ah, the good old 2009-2013 rhetoric is back. And still total garbage. Look, if I can find value in the market I'm sure some people with big pockets can as well. There is no PPT.

 

[Nine_Ender]

Sounds like zerohedge may know something about that second shooter on the grassy knoll.

Zerohedge absolutely nailed the markets 2009-2014 . A good number of bears on here were living off every word they ever said. Nothing like depending on a convicted insider trader banned from most financial markets for trading advice.

 

[MKTrader]

"ever since 1920" ... yet the S&P 500 index has only been around since March 4th, 1957.

Actually, the S&P (before 500) started in 1941 and I've used software that has S&P data back to 1942. Some go further back.
S&P 500 Index - 90 Year Historical Chart | MacroTrends

Whether it's 93, 80 or 65 years, that's still a significant drop...especially for January, as many look to it as an indicator for the rest of the year (January Effect, etc.).

 

[Buy1Sell2]

At its lows today, the S&P 500 had never - ever since 1920 - started a year as badly as 2022...

That's quite a record to break, and has sparked the hope in many that this kind of tumble in stocks will force The Fed's hand to pivot back to its traditional role of levitating stocks (we saw a sudden and big bounce intraday today which reminded us the gold ol' days of the PPT)... Nasdaq was down 5% before its exploded higher back into the green and Russell 2000 ripped from down 3% to up almost 3%...



https://www.zerohedge.com/markets/ppt-rescues-sp-worst-ever-start-year-rate-hike-odds-tumble

There is always tomorrow---

 

[Millionaire]

"ever since 1920" ... yet the S&P 500 index has only been around since March 4th, 1957.

Before 1957, this kind of data is normally based on Shiller's S&P 500 proxy index.

Even if you ignore all data before 1957, the title for this thread is still true.

 

[SunTrader]

Before 1957, this kind of data is normally based on Shiller's S&P 500 proxy index.

Even if you ignore all data before 1957, the title for this thread is still true.

How do you figure that?

 

[Rickshaw Man]

And today the FOMC will use anything negative in our world today as an excuse to do nothing. They will do nothing but talk. The only thing that will cause them to cut rates in $150.00 crude oil. It's at $85.00 right now. Nothing is falling in price.

 

[Rickshaw Man]

There is nothing wrong popping the stock bubbles. Market knows it well. Nothing to do with Fed.

Fed will proceed as planned. But Fed can't really tame the inflation. It is a supply issue, not a monetary issue.

Did you study economics at Romper Room?

 

[SunTrader]

And today the FOMC will use anything negative in our world today as an excuse to do nothing. They will do nothing but talk. The only thing that will cause them to cut rates in $150.00 crude oil. It's at $85.00 right now. Nothing is falling in price.

Speaking of Romper Room you do know the markets expectation today is for ... no change? Just jawboning about what might be coming in March and down the line.

We will know in a few hours in any case - and how the markets will interpret it. Best to wait before sticking foot in mouth yet again.

 

[RedSun]

Did you study economics at Romper Room?

I studied economics for decades.