STOCK MARKET WATCH: Thursday, 11 April 2024

[Tansy_Gold]

STOCK MARKET WATCH: Thursday, 11 April 2024

Previous SMW:
SMW for 10 April 2024



AT THE CLOSING BELL ON 10 April 2024


Dow Jones 38,461.51 -422.16 (1.09%)
S&P 500 5,160.64 -49.27 (0.95%)
Nasdaq 16,170.36 -136.28 (0.84%)

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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:

The genteel lady of leisure was as much a part of the industrial social order as her husband or his employees. As Schreiner pointed out, it was ultimately the wealth extracted in the world of work that enabled a man to afford a more or less ornamental wife. And it was the very harshness of that outside world that led men to see the home as a refuge – "a sacred place, a vestal temple," a "tent pitch'd in a world not right," presided over by a gentle, ethereal wife.


Barbara Ehrenreich; Deirdre English. For Her Own Good: 150 Years of the Experts' Advice to Women. Anchor Books / Doubleday Publishing Group. © 1978, 1989.

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. Red ink day, everything on my watch list was red except oils, WMT and BABA

Not sure where we're going. Down I think, for a few more days, due to the inflation fallout, but really it's overblown. Every MSM, pundit has the markets on a hair trigger. But we may not see any interest rates cut this year, or until the final meeting of the year. Worse, in my view, the economy runs a little hotter in the early spring and summer. Been a long winter, vacations are planned.

[progree]

2. There's been a definite upturn in inflation in the last 2-3 months

I have graphs of the CPI and PCE, both the regular and the core measures. Both month to month changes and a 3 month rolling average. So as to see what is happening with RECENT inflation, as opposed to an average of 12 months which I don't give a fig about.

https://www.democraticunderground.com/10143223421#post4

They are seasonally adjusted numbers, by the way (some want to explain it away as just the economy waking up from a slumber in late winter, but no, the Bureau of Labor Statistics adjust for regular seasonal patterns)

https://www.bls.gov/news.release/cpi.nr0.htm