Why Dow 28,000 could mark that ‘blowoff top’ bears have been predicting

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Last month, the Fed began snatching up short-term Treasury debt to the tune of $60 billion per month in response to the repo mess that sent a chill through Wall Street back in September. While it might sound like another round of quantitative easing, Jerome Powell wanted to make it clear: It’s not. “In no sense is this QE,” he said. One blogger isn’t buying it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

K

I agree that it is undoubtedly QE and that’s an eye-opener. However, according to recent articles, the BIG money peeps are holding huge cash reserves to buy the correction.

Fake news!

What a quote

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MSCI, S&P Dow Jones, FTSE Russell could fast-track Aramco into indicesMSCI, the world's biggest index provider, will follow in the footsteps of S...
Source: Reuters - 🏆 2. / 97 Read more »

Stocks end week of milestones at new highs; Dow tops 28,000Healthcare and technology stocks powered most of the broad rally, which helped drive the S&P 500 to its sixth straight weekly gain. The rich get riicher.
Source: latimes - 🏆 11. / 82 Read more »

Dow closes above 28,000 — its first thousand-point milestone clearance in 90 trading daysThe Dow Jones Industrial Average marks history on Friday— carving out its first breach of a psychological milestone since mid July, as equity benchmarks...
Source: MarketWatch - 🏆 3. / 97 Read more »

Data Is Great and All, But Here’s Why You Should Try Running By FeelQuantifying how hard your workouts feel can help you push past the psychological barriers that may be slowing you down.
Source: runnersworld - 🏆 19. / 71 Read more »

Atlanta mayor on why Biden still needs to be the Dems pickWATCH: Atlanta Mayor Keisha Lance Bottoms talks to davidgura about why new additions to the Democratic field won’t keep fmr. VP Biden from winning the nomination.
Source: MSNBC - 🏆 469. / 51 Read more »

Why 'The Little Mermaid' Still Matters 30 Years LaterImperfections and all, The Little Mermaid's significance over the past 30 years can't be denied — and Disney’s upcoming live-action remake brings a necessary update.
Source: TeenVogue - 🏆 481. / 51 Read more »