This is a 1 minute chart of the S&P 500 E-minis. The circled area shows how they acted as soon as Obama quit speaking.
I have no real opinion on the speech, and I’m not at all trying to be political, but am I the only one noticing that the markets seem to more and more “vote” with their dollars?
It seems pretty obvious to me that there is something more going on than just positioning. Could it be that the markets are being used as a conduit to communicate with the new administration?
Buy the rumor, sell the speech.
The markets do in fact have a direct line to the Admin. They want to know what part of “F*ck You” it is that they don’t understand?
S&P 650 here we come.
RL, that’s what they seem to be saying to me!
I think you’re reading too much into after hour futures’ action. Highly illiquid and mostly irrelevant. The decline since Jan peak is not about Obama or this administration, it is about reaching resistance with extremely overbought readings, during a vicious bear market, nothing more or less. Now we may bounce again, not because the administration says this or that, but because we’re extremely oversold, and at possible support level. The rest is background noise.
Chile, after hours, or when the market is open, it seems the market is getting yanked around everytime someone in the new admin. speaks. Not that it didn’t when Bush was in office, because similar things happened.
Its just that now it seems more obvious and for some reason more pronounced. Of course these are just anecdotal observations.
I wasn’t remarking about the markets since Jan. peak. Just how they react immediately following a speech.