STOCK MARKET WATCH - Monday, 30 March 2020

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 30 March 2020

Previous SMW:
SMW for 27 March 2020




AT THE CLOSING BELL ON: 27 March 2020


Dow Jones 21,636.78 -915.39 (4.06%)
S&P 500 2,541.47 -88.60 (3.37%)
Nasdaq 7,502.38 -295.16 (3.79%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits
Yahoo International
CNN Money Premarket

(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

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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.

[chillfactor]

1. Thank you for the post!

Futures do not good for tomorrow. The cartoon was perfect!

[Warpy]

2. I see they finally updated the graphs

The last time I saw them get 3 weeks behind was in 2008. I have a suspicious mind, so I have assumed both times that whoever is responsible for them has gone on a bender when the market has gone down that far, that fast.

Dow futures are down 331 @9:30 EDT, but it's early. Usually I can tell more about what's going on by about 3 AM, when I pad off to bed to read the WaPo and settle in to sleep.

[progree]

3. I've long had problems with the graphs being behind 2 or 3 or more trading days

When I cleared my browser's (Chrome) cache, I found it caught up or was a trading day behind. But it soon became a problem again.

Other things to try to see the latest:

Use a different browser.

Look at it in incognito (aka in-private) mode.

Go to the website itself.

Weird on the Dow futures being down only 300. I'd expected a deep dive when Trump threw in the towel at his presser today (extended his distancing recommendations or whatever to April 30 and indicated it might be extended another month beyond that. I don't think the markets have priced in an economy on its knees for at least 2 more months -- I think many months longer)

On Edit: Update, as of 119a ET, Dow futures up 73 (+0.34%). S&P 500 futures up 0.31%.
https://money.cnn.com/data/premarket/

Nikkei down 3.4%, Hang Seng down 1.0%

[Warpy]

4. Tomorrow will be an up day, I think

All three markets are in positive territory at 1:45 AM EDT. It's only 1-2% at this point, so it can change rapidly during the actual trading day, but world wide, new cases of Covid 19 are starting to decrease slightly. I still think the general trend will be downward (one step forward, two steps back) because we're heading for a recession as so many people have to play catch up with the bills that didn't get paid while they were stuck indoors and out of work.

My crystal ball was clear a month ago. It's getting foggy in there again.

[progree]

5. Now everything equity is negative (452 AM ET): Dow futures: -167 (-0.78%), S&P 500(-0.45%),

Nikkei and Hang Seng closed down about 1.5% each.

FTSE 100 and DAX down 1.7% and 0.7% respectively.

Oil at $20.35 is about to drop into the teens again.

[Warpy]

6. Crude at pre OPEC prices and gas still around $2.00

Whatever will the petrogiants do with all that money?

It sure as hell won't go to shareholders.