TrumpDOW futures sink. -1100 implied open.

[brokephibroke]

They are very, very volatile.

[NewsCenter28]

1. Most interesting!

Thanks for update! What's your link on this btw?

[brokephibroke]

4. Watching CNBC LIVE

They have the futures on their web site/ app

[True Blue American]

16. Thanks!

Turned it on.

[KY_EnviroGuy]

36. I monitor them here....

Click on "Futures" at the top of the market table at the top of this page:

Link: https://www.marketwatch.com/?mod=side_nav

The full set of market futures can be seen here - scroll down to see Dow and S&P:

Link: https://www.marketwatch.com/tools/futures

Gold and silver futures are up a good bit today.

KY..............

[octoberlib]

2. This is why fed rates were slashed. They're trying to head off a bloodbath.

I don't think it will work.

[Wounded Bear]

5. Again? They just did some easing Thursday IIRC...

running out of room to 'fix' this.

[ooky]

20. Yep, I don't think the stock market gives a damn about interest rate cuts at this point.

Not last Thursday and not now. QE is not an effective tool for this situation. I don't see the rationale for this.

[Wounded Bear]

53. Might do more harm than good...it's a desperation move,

designed more to prop up Trump's election chances than anything.

Meanwhile, the consumer economy is almost on hold, with many things sold out and supply chains shut down.

I suspect it might have floated where it was for a few days before this, but I suspect the declining futures today will presage another selloff. No telling where the bottom is now.

[malaise]

3. No one trusts this sicko

People know he forced Powell to drop the rate

[TheFarseer]

6. Now they're backed into a corner

Can’t cut rates anymore, already did the relief package, can they seriously cut taxes more? I guess they could. Solving the actual problem never occurred to them.

[brokephibroke]

7. Massive bailouts are next

[Squinch]

15. To be followed by inflation caused by the fact that now we are just

printing money and piling on the deficit to triple and quadruple any previous levels.

[CrispyQ]

41. To the corporations, not We the People.

Will the banks halt foreclosures as Main Street loses their businesses and jobs?

[bucolic_frolic]

10. Cutting taxes and cash payments are scary in an economy of falling output from the crisis

Sounds like inflation and panic to me.

[bucolic_frolic]

8. Somewhere this weekend

I saw a video that used some indicator to measure implied volatility. This week's around 2,600 points, more than last week's approx 2,000 points. Don't really know what he was doing with it, but things will move a lot. All they did on Friday's last half hour was give themselves room to move down.

[KY_EnviroGuy]

42. Maybe you can figure this out....

Scroll down to near the bottom of this futures list to Vix (CBOE Volatility Index Continuous Contract).

It's down more than all other items on the long list. Dow futures are now down more than 1,000 points (4.5%) while Vix is down over 25%.

https://www.marketwatch.com/tools/futures

Gold, silver and platinum are doing pretty good on that list.

I think playing those type things is how the big boys clean up even during the worst of times.

Perhaps one of out market heads can chime in.......

[bucolic_frolic]

44. Hey, Thanks

I think it was this video here. I'm spending a good 3 hours a night watching trader gurus. There are many more of them than even 2 years ago.

[wishstar]

9. Cutting rates to zero and QE looks like panic move in face of expected recession/depression

looks especially bad coming after Trump pressured Fed and threatened to fire Powell and not waiting for Tuesday meeting because Trump wants stock market propped up tomorrow.

[brokephibroke]

14. Down 1000 now....

[still_one]

11. wow, that is quite a turn around. 30 minutes or so ago dow futures were up 1800, now down 800

[AlexSFCA]

35. news change by the hours now so market is very reactive

[still_one]

51. Perhpas, but it is pretty obvious that what happened Friday, up 1900, made very little sense since

everything points to the fact that we are in a recession, or worse

[exboyfil]

12. Good God that is after the Fed announcement

Tomorrow is going to be a bloodbath. 4.6% Deficit to GDP, unprecedented zero Fed Fund Rate, and nearly a $1T of QE.

I think I may have found a home for some of that cash sitting on the sidelines. Still I am not a market player. I would just like to lock up what I got. Being kicking the tires on TIPS again (did very well with them in the last financial crisis). but negative interest rates? It was over 3% when I got them in 2008.

[still_one]

52. What the Fed is doing is providing liquidity, but it cannot control the public health emergency

which is shutting down the entire economy

If we are not in a recession, we are going to be

[spanone]

13. Trump wants that big bump, ya know it!!!!!

[malaise]

17. Good place for this link

https://www.salon.com/2020/03/14/we-need-to-quarantine-donald-trump-hes-confused-ignorant-and-afraid/
We need to quarantine Donald Trump: He's confused, ignorant and afraid
It's obvious Trump is utterly unprepared for the coronavirus pandemic. People are already dying, and it’s on him.
<snip>
Thousands of people are going to die, he knows he will be blamed and he can already see his campaign circling the toilet. Those realizations were all over Donald Trump's face on Wednesday night as he addressed the nation from the Oval Office. His speech was monotonal, his face so frozen with failure and fear that he looked like the product of taxidermy. He knows he is staring into the maw of a beast he can't control. It's going to be impossible to tweet away all the deaths that are coming, and he is terrified.

The question that sprang to mind as I watched him epically fuck up the most important moment of his presidency was this: What's going to happen when the numbers of coronavirus deaths begin to climb, and his numbers begin to tank? They will. He's not going to be able to stop the pandemic from killing thousands of Americans, and this lawless maniac is capable of anything. With the NBA and Major League Baseball suspending their seasons, with "March Madness" canceled, with concerts and festivals and parades canceled, Broadway theaters closed, schools shuttered from coast to coast, and the fact that we have no idea how long the coronavirus epidemic will last, Donald Trump is fully capable of making plans to cancel the election in November to save himself.

[bucolic_frolic]

47. LOL, that is the Gold Standard of what's happening

Quarantine Trump!

Health authorities are doing their best but still don't have the numbers to narrow estimates. Merkel said last week 30-70% of the country would contract it. British estimate today, and I sure hope it was a panic worst case, was 80%.

Even a 1% fatality rate will produce astronomical and some smart people are staying with 3.4 to 4%.

80% of Americans is 250 million people. 3.5% is more than 9 million.

And really to ask the begging question, if 80% of America contracts COVID-19, how do you prevent the other 20% from getting it eventually? They are already saying this could drag on into 2021.

[malaise]

50. It will touch everyone

One of my BIL's cousins and her daughter tested positive - they live in England but were in Spain.

[exboyfil]

18. Anyone have a link to Dow futures?

Thanks

[brokephibroke]

22. Here

https://www.cnbc.com/

[exboyfil]

25. Thanks

[brokephibroke]

27. Try not to get to obsessed

Like I get, then can’t sleep.
LOL.

[OilemFirchen]

32. DJIA Futures:

Delayed chart

[KY_EnviroGuy]

48. You can see all market futures her in real-time.

https://www.marketwatch.com/tools/futures

A lot of highly volatile numbers for a Sunday.......

[zackymilly]

19. If Trump wants that bump, someone needs to tell him to get the test kits STAT!

China was able to put 100's of backhoes, construction workers, etc to work 24/7 and built a hospital in 2 weeks.
This is America! WTF?

[bdamomma]

37. Has he

called China, or South Korea for test kits or suggestions, he knew about this at the SOTU. He needs to go down.
fucking idiot boy.

[captain queeg]

21. Every time he opens his mouth he makes it obvious how clueless he is

I don’t care about “the markets” but what I’ve always heard they want predictability. Not some clueless dumbass flailing blindly around.

[bullwinkle428]

23. "WHY WON'T ANYONE TALK ABOUT THE 2000 POINT GAIN ON FRIDAY???????"

[exboyfil]

29. Better known as Dead Cat Bounce 2

Maybe that was the last chance to head for the exits. If the Futures represent reality tomorrow, it is going to get really ugly.

There was concern in 2008 about the money market funds seizing up. Has there been any talk about that now. That is the only worry I have left (TIPS and cash in my portfolio) at least for my retirement investment health. My job and the value of my house on the other hand.

[Squinch]

40. I suspect this will be a rubber dead cat. We'll see a lot of this but it will be one step up

and two down.

[MoonlitKnight]

24. It's time for helicopter money

Checks for everyone.

[brokephibroke]

26. That may happen

But rather see banks freeze mortgage payments for a couple months...

[MoonlitKnight]

31. That also needs to happen

No mortgage or rent payments. Fed gives interest free money to cover it so there is no carried interest tacked on to mortgage balances.

[Yavin4]

38. I guess Andrew Wang really did win.

Math.

[brokephibroke]

28. Limit down. Halted!

[NewJeffCT]

30. Weren't futures down before the open on Friday?

and, the Dow went up almost 2K points

[brokephibroke]

34. Don't recall. So much volatility.

[Brother Buzz]

43. It was up about 800 when the market opened....

and it operated in the green all day long, mostly around 1000, until it shout up to 2000 in the closing hour.

[MoonlitKnight]

33. I posted this elsewhere...

mortgage rates actually went up because they don’t have enough capacity to process applications. This won’t help.

Rate cuts aren’t going to do it. It’s helicopter money time. We tried bailing out businesses and rate cuts last time and the money just went to the already well off.

Start sending checks. Big checks. And order the suspension of all rent and mortgage payments. Companies can access zero percent loans to cover the interest so consumers don’t get stuck with it by having it added on to the mortgage balance.

Do the same with student loans. Suspend payments and mandate refinancing at one percent interest- which leaves plenty of profit margin.

[mnmoderatedem]

39. Baghdad Don trying to influence opinion

and it's not working.

The good news, no GREAT news, is that this is not going to be lost on undecided voters in November.

[maxrandb]

45. Mind you... this was "after" the fed cut the rate to zero.

Were we supposed to be impressed by name dropping random CEOs?

[Baitball Blogger]

46. Why doesn't he stop giving these press releases? He's killing the positive vibes for the market!

Leave it to the professionals! He sounds like a sopping second-rate game show host trying to reassure a nation. It's not working.

[KY_EnviroGuy]

49. We just never know which hat he's going to be wearing.....

Doctor's hat one minute, then the market expert hat, then the federal judge's hat, alternating with a MAGA or white golfing hat.

Makes my head spin.......

[rockfordfile]

54. There never really was any positive vibes unless it was from a Democrat

The GOP are un-American.