"Something Changed" - Stocks Buck 2019 Trend With Late-Day Dump

Zero Hedge | 2/13/2019 | Staff
finter (Posted by) Level 4
Click For Photo: https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/styles/max_650x650/public/2019-02/eodrubio1.jpg?itok=qr2wZsBs




"Back to the future"...

Chinese stocks extended their epic run overnight...

Stocks - Europe

Italian stocks are leading in Europe...

US equities drifted higher overnight, surged at the cash open, dumped on Marco Rubio's tweet about taxing buybacks, then ramped back to the highs - because, well... just because.... and then faded as Trump asked Congress for more funding in the border bill...

Nasdaq - Futures - Day - Trump - Funding

Nasdaq futures plunged into the red late in the day after Trump funding headlines...

Notably - The Dow made a lower high on its post-European close surge before fading fast...

Short-squeeze - Day - Row

Once again the short-squeeze is invoked (5th day in a row)...

And once again it was all buybacks supporting the bid...

S - P - Time - December

The S&P 500 opened (and closed) above its 200DMA for the first time since early December...

Before we leave stocks, we note that something changed today (and...
(Excerpt) Read more at: Zero Hedge
Wake Up To Breaking News!
I find it extremely funny when people keep voting and expecting the government to change!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!