STOCK MARKET WATCH -- Monday, 12 June 2023.

[Hugin]

STOCK MARKET WATCH, Monday, 12 June 2023.

NOTE: I will be filling in for Tansy due to the fact she's decided to have a holiday.

Previous SMW:
SMW for 9 June 2023




AT THE CLOSING BELL ON 9 June 2023


Dow Jones 33,876.78 +43.17 (0.13%)
S&P 500 4,282,15 +66.13 (1.45%)
Nasdaq 13,240.77 +139.77 (1.07%)

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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:

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.

[WarGamer]

1. I'll be prepared to buy puts Monday morning...

Consolidation into FOMC

[democratsruletheday]

2. English please WarGamer....

ENGLISH! (please and thank you)

[WarGamer]

3. No problem.

In the morning I'll be watching the market closely, anticipating that we may see downwards pressure before the FED RESERVE meeting on Tuesday morning.

If I see signs of that downward pressure, I'll trade bearish put options with short term expiration... a fast trade usually finished up within a few hours.

[bucolic_frolic]

4. Market has priced in a Fed pause and growth scenario

Tech is red hot, value fading. But what if the Fed doesn't pause? Or half-pauses with a .25% hike?

China's economy is faltering. I am so worried about spare parts from China. They must make 2/3 of our consumables. Some Chinese parts have disappeared from eBay already.

Inflation is still with us. Grocery items in particular. We are so cooked, and that remains why I think interest rates are still headed higher. Recession ahead.

[Hugin]

5. Even the bullish bullhorns seem to be faltering.

I have to wonder if some of what is happening is a realization that the Earth is not going to electric car it’s way out of climate change.

[bucolic_frolic]

6. lol, yes green consumption and cheese made from rice

Even green uses energy. We would be so much better if biomass had been a priority. Biomass is degrading anyway, but we failed to capture it for energy use, for the most part. Trash to steam as well.