STOCK MARKET WATCH -- Wednesday, 11 May 2022

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 11 May 2022

Previous SMW:
SMW for 10 May 2022




AT THE CLOSING BELL ON 10 May 2022



Dow Jones 32,160.74 -84.96 (0.26%)
S&P 500 4,001.05 +9.81 (0.25%)
Nasdaq 11,737.67 +114.42 (0.98%)

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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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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. Inflation numbers tomorrow

I'm not hedged for a change. I think all the bad news is out, though we don't know the duration of the inflation nor where the market will bottom. Bill Miller as I recall, picked 17,400 about 9 months ago. Also said he personally only owns Amazon. I think a short term bottom is in because 2 of my bellwethers, Abbot Labs and Nike, are beaten up. ABT at 106 was a significant level last summer. NKE at 109? But don't believe me, I only make more noise than I should, and in a bit of a hurt right now.