STOCK MARKET WATCH: Tuesday. 30 January 2024

[Tansy_Gold]

STOCK MARKET WATCH: Tuesday, 30 January 2024

Previous SMW:
SMW for 29 January 2024



AT THE CLOSING BELL ON 29 January 2024


Dow Jones 38,333.45 +224.02 (0.59%)
S&P 500 4,927.93 +36.96 (0.76%)
Nasdaq 15,628.05 +172.68 (1.12%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

It is easy, when people feel frightened and abandoned, for a demagogue to exploit those feelings of despair for political gain. It is easy for that demagogue to translate fear into fanaticism, to shift extremism into the mainstream and market it under the guise of populism. By the time buyer’s remorse hits, a new and more brutal political culture has arisen. A gaslit nation becomes engulfed in flames.

Sarah Kendzior. The View from Flyover Country: Dispatches from the Forgotten America. Flatiron Books. © 2018.

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.

[Drum]

1. Good quote at the end

[Tansy_Gold]

3. Thank you!

I chose this one today because I think it's sometimes easy for us on the more liberal side of the aisle to forget that there are real reasons why people support 💩. (I rarely if ever actually type out his name.) Their thinking may lack what we consider logic, and they may contradict themselves a whole lot, but the reasons for their fears make perfect sense to them. Are many /most of their fears racist? Probably. But too many of our media people and politicians and other public figures have tended to dismiss and/or ridicule those fears rather than understand them. (John McCain, for all his other faults, tried to undo some of this, at least once.) And now it may be too late.

[bucolic_frolic]

2. Soft landing & jobs & AI have tech on FIRE!

Techs are inching up 1% or so per day. Don't forget though, the 7 largest tech stocks comprise about 33% of the NASDAQ. So when there is bad news eventually, investments can fall rapidly. Hard to find a US, Global, Tech, Balanced, Growth, or Large Cap ETF or mutual fund that doesn't have significant exposure to tech and several of those 7 companies.

Blow off market top? What would it look like? 30% move over 9-12 months. And no reason it wouldn't stop until it hits the large round number. And that number would be Dow, DJIA 50,000.