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gangix t1_je6lnqj wrote

Reply to comment by jamisonf1 in Estimations for remaining economic data this week by theswmr

Off topic... Why the fuck market was so bullish today?

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PilgrimOz t1_je6mb26 wrote

and the big guys dumped with 5mins to go....next round....sells?

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jamisonf1 t1_je6opkq wrote

Praying to god above that tomorrow is bloody red

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grimkhor t1_je6oqqg wrote

>US February pending home sales +0.8% vs -2.3% expected

Houses are still getting sold. Doesn't look like a recession. This was released today.

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gangix t1_je6pkkd wrote

Ok that makes sense for the pump then.

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grimkhor t1_je6q8d7 wrote

It is actually quite relevant for a few things in my opinion besides housing but this is just my personal opinion from now on. Houses are usually acquired with mortgages so a rise in pending sales means not only are houses still sold but liquidity is not drying up from banks for home loans. This might be an early sign that the bank issues are actually not the end of the world. It was also a huge discrepancy on top.

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PilgrimOz t1_je6m3mv wrote

mentalness that is leading us higher up that cliff. they don't even see the news. It's more like buyyyyyy, sell a tad, buyyyyy, sell a tad, buyyy! day after day.

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grimkhor t1_je6p48v wrote

>US February pending home sales +0.8% vs -2.3% expected

Here you go. A bone for the regarded.

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gangix t1_je6ocfq wrote

Yeh I couldn't find why was it pumping today accept regarded retailers posting moon and rocket emojis. Also the volume was low just like it pumped on low volume before FOMC last week. I loaded puts yesterday but luckily bought ut some calls as an insurance so didn't loose much.

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