The psychological impact of crossing psychologically important thresholds may account for the S&P's sudden retreat. Stocks are very expensive, and other markets aren't betting on a big recovery. via @bopinion
The psychological impact of crossing psychologically important thresholds may account for the S&P's sudden retreat, @johnauthers writes
My trading video for today: 'S&P 500 Can't Extend a Bullish Gap, Dollar Drop Cues $USDCAD, $NZDUSD Breaks'
The number of Robinhood users holding the VanguardS&P 500 ETF $VOO, has increased by about +64% since Feb 19th. The trend is still increasing today, as the S&P 500 continues its short term trend higher. $SPY $SPX
Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!
More than 16.8 million Americans have lost their jobs in the past three weeks alone. Meanwhile, the S&P 500 is on pace to have its best weekly performance since 2008. If that doesn't convince you that the stock market is not a reflection of the economy, I don't know what will.