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Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again

 
Emeraldlight

User ID: 80816366
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01/22/2024 08:32 AM

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Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again
The market meltup is now entering its blow-off top phase, with the tech-led rally pushing US index futures to a fresh all-time high for S&P 500 cash, which reclaimed their Jan 2, 2022 record after 746 days and following gains in 11 of the past 12 weeks!. European stocks are also higher, the Estoxx 50 up 0.5% with info tech sector outperforming.

As of 8:00am, S&P 500 futures were higher by around 0.4% after gaining 1.2% Friday, with Nasdaq futures outperforming as usual led by chatbot enablers and chipmakers. Oil steadied, with Brent holding above $78 a barrel, while the dollar dipped.

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Emeraldlight  (OP)

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01/22/2024 08:34 AM

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Re: Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again
Thread: Why China Is Considering Rarely Used Special Bonds to Stimulate Its Economy
Emeraldlight  (OP)

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01/22/2024 09:23 AM

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Re: Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again
China is entering an era of stagnation and disappointment that may not be resolved like Japan's, Nobel economist Paul Krugman says

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Emeraldlight  (OP)

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01/22/2024 09:23 AM

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Re: Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again
China is entering an era of stagnation and disappointment that may not be resolved like Japan's, Nobel economist Paul Krugman says

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Emeraldlight  (OP)

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01/22/2024 05:42 PM

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Re: Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again
Just got word major investors are leaving China and have been for about a month-won't be long before they can't hide it. Right now trying to cover til Friday-who knows what is going on for sure though-but 2 confirmations
Cebeij

User ID: 86511731
United States
01/22/2024 05:43 PM

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Re: Futures Enter Blow-Off Top In Tech-Led Frenzy As China's Plunge Protection Team Steps In Again
monopoly money running thin

hopefully fedcoin will save them

they cant let trump win





GLP