Loading ...How About 33,333
Today, will probably be a relatively calm day for the general stock market, given it is the end of the month and quarter. Most portfolio managers will have locked in the positions they want to show on the books for quarter end. Tomorrow, could be the last spike, new ATH for the DJIA and S&P500, before this super Bull market, rolls over and dies. A nice even number of 33,333 for the DJIA and 4000 for the S&P would be appropriate. And that would be some April Fool to those who are buying tomorrow instead of selling.
On a different tack, I read a zero hedge article outlining a massive increase in the job reports Friday, not priced into the bond yields. If the jobs number is indeed huge, the 10 yr yield spikes to 2.2% and we see a down draft in high tech stocks. Will it happen? who the hell knows.