513 - 526.56
249.57 - 565.43
Echofin Members Consensus
I mean...you could. SPACs can trade a little funky, probably best to just trade it like you would anything else until after the merger is complete > @denniskillz said: Can I triple down on this, now that all news networks are coming this? https://www.electrive.com/2021/01/15/lucid-motors-aims-to-go-public-via-spac-deal/
Just part of the market cycle, nothing is forever > @Armm5 said: tickers that would normally move and retrace lows on second, third or fourth day are now multi day runners. Pullbacks aren't nearly as big as they used to be.. longs get the entire loaf, we get the crumbs. probably because shorts are evil lol
Is this based of data you have colloected? > @Armm5 said: tickers that would normally move and retrace lows on second, third or fourth day are now multi day runners. Pullbacks aren't nearly as big as they used to be.. longs get the entire loaf, we get the crumbs. probably because shorts are evil lol
indeed > @ivtrades-Chris said: that $SSYS d/g very "timely" .....3d printing sector is catching real institutional flow for the first time in a few years.....the sector now focused on B2b ....specifically manufacturing ...costs coming down....adoption rates increasing..... JPM wants in lol
$BAC Dimon cautioned on the near $3 billion reserve takedown mentioned above. “Essentially, reserve calculations, while done extremely diligently and carefully, now involve multiple, multi-year hypothetical probability-adjusted scenarios, which may or may not occur and which can be expected to introduce quarterly volatility in our reserves,” he said. That’s not generally the kind of commentary the market likes to hear, even as it’s certainly understandable given the environment.
A lot of chatter around tapering bond purchases had preceded Fed chair Jay Powell’s speech yesterday. He’s having none of it. On interest rates he said: “When the time comes to raise interest rates, we’ll certainly do that, and that time, by the way, is no time soon.” On tapering, he said that “now is not the time to be talking about exit”. Powell stressed that the new average inflation targeting and outcome-led policy embodies a different approach to employment – the Fed won’t be raising rates even if unemployment levels fall to levels that previously would have been considered a warning signal about prices. Nevertheless, the taper genie is out of the bottle – as previously stressed this is about laying the framework for an eventual taper and to avoid market tantrums that might ensue.
A little bit of buy the rumour, sell the fact about equity indices as they tread lower in the wake of president-elect Joe Biden’s $1.9tn stimulus package. Like a good Roman emperor it’s got something for everyone – lots of bread, lots of circuses. The sticking plaster will suffice for now and we’ll see what the infrastructure package looks like in due course. Other questions remain about the new administration’s longer-term ambitions – how much for green spending? How much more tax and regulation on banks, shale drillers and/or big tech? Will he soften trade relations with China? Will Yellen at Treasury embark on full MMT?
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