STOCK MARKET WATCH -- Thursday, 27 April 2023

[Tansy_Gold]

STOCK MARKET WATCH, Thursday, 27 April 2023

Previous SMW:
SMW for 26 April 2023




AT THE CLOSING BELL ON 26 April 2023


Dow Jones 33,301.87 -228.96 (0.68%)
S&P 500 4,055.99 -15.64 (0.38%)
Nasdaq 11,854.35 +55.19 (0.47%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

It all started with what Darwin viewed as the mystery of the universality of male excellence. Why should males be stronger and have larger antlers, horns, canine teeth, and on top of all that be the ones to sing beautiful courtship songs, to grow spectacular tail feathers, and to engage in strange behavior such as the mating displays of woodcocks and the intricate nest building of the bower and weaver birds? In some cases, such as the peacock, one might even expect natural selection to have eliminated the trait in question. Cannot a fox more easily spot and catch a peacock, brilliant as he is and weighed down by such a unmanageable tail, than he can a well-camouflaged peahen? How indeed did the peacock get to keep his feathers?

Anne Fausto-Sterling. Myths of Gender: Biological Theories about Women and Men. Basic Books © 1985.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Wish i was more defensive because of May and all the slumping economy and banks

but it is what it is. Speculative plays are in the dump. TLRY. Ugh. Intel still fading. Most stocks have been range bound since Oct if not earlier. I'm thinking of UBER, BABA, NKE, ABT, DIS. And as the big ones go so goes the market. If big tech ever gets hit - GOOGL MSFT META, TSLA then the NASDAQ will really tumble, and most broad based mutual/ETFs hold big blocks of those and index funds even worse. Concentration in a diversified portfolio. Dangerous, or at least not without risk.

[Tansy_Gold]

2. And ultimately we're all at risk

Well, except for the billionaires, of course. It's scary. And the billionaires don't care.

[progree]

3. "Range bound". Hmm, just noticed the S&P 500 first passed 4000 and 4100 both in early April 2021

2 years ago. Today S&P 500 closed at 4056. So one can say we've made no progress in 2 years.

https://en.wikipedia.org/wiki/Closing_milestones_of_the_S%26P_500

(scroll way down to near the end)