STOCK MARKET WATCH: Wednesday, 24 January 2024

[Tansy_Gold]

STOCK MARKET WATCH: Wednesday, 24 January 2024

Previous SMW:
SMW for 23 January 2024



AT THE CLOSING BELL ON 23 January 2024


Dow Jones 37,905.45 -96.36 (0.25%)
S&P 500 4,864.60 +14.17 (0.29%)
Nasdaq 15,425.94 +65.66 (0.43%)

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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:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


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:

Withdrawal from the KORUS trade agreement, which South Korea deemed essential to its economy, could lead to an unraveling of the entire relationship. [Gary] Cohn could not believe that President Trump would risk losing vital intelligence assets crucial to U.S. national security.

This all stemmed from Trump’s fury that the United States had an $18 billion annual trade deficit with South Korea and was spending $3.5 billion a year to keep U.S. troops there.

Despite almost daily reports of chaos and discord in the White House, the public did not know how bad the internal situation actually was. Trump was always shifting, rarely fixed, erratic. He would get in a bad mood, something large or small would infuriate him, and he would say about the KORUS trade agreement, “We’re withdrawing today.”

But now there was the letter, dated September 5, 2017, a potential trigger to a national security catastrophe. Cohn was worried Trump would sign the letter if he saw it.

Cohn removed the letter draft from the Resolute Desk. He placed it in a blue folder marked “KEEP.”

“I stole it off his desk,” he later told an associate. “I wouldn’t let him see it. He’s never going to see that document. Got to protect the country.”

In the anarchy and disorder of the White House, and Trump’s mind, the president never noticed the missing letter.

Bob Woodward. Fear: Trump in the White House. Simon & Schuster. © 2018.

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. Nice that we had underlings and cohorts acting as mini-presidents

Profit taking in tech today, value stocks advanced but usually this shift doesn't last long.