Dow falls 100 points amid uncertainty surrounding Trump policies
Source: CNBC
U.S. equities traded mostly lower on Thursday, as uncertainty over some of President-elect Donald Trump's policies gave investors pause, despite solid economic data.
During his campaign, Trump called for an overhaul of the North American Free Trade Agreement and has repeatedly said he will construct a wall along the U.S.-Mexico border. Trump has also called out companies for sending jobs out of the U.S. into other countries.
"There is still a lot of uncertainty," said Jeremy Klein, chief market strategist at FBN Securities. "We haven't had the inauguration, let alone details about his policies." "Not everyone is sold that this market is a one-way ramp higher," Klein said.
Adding to investors' worries was a Senate hearing on cybersecurity threats, as U.S. intelligence officials answered questions about their assessment that Russia interfered in the presidential election. "The whole hearing raises questions about whether the entire election was hacked," said Adam Sarhan, CEO at 50 Park Investments. "When you have concerns over a cybersecurity threat, that tends to send money away from risk assets into so-called safe-havens."
Read more: http://www.cnbc.com/2017/01/05/us-markets.html
C_U_L8R
(45,003 posts)He's not only clueless, he's stupid.
A dunce. An empty suit. Lord help us all.
Hortensis
(58,785 posts)His usual response to attacks is to double down. His handlers are probably working hard to make him realize he needs to reassure.
The dishonest media likes saying that I am in Agreement with Julian Assange - wrong. I simply state what he states, it is for the people....
Donald J. Trump @realDonaldTrump 4h4 hours ago
to make up their own minds as to the truth. The media lies to make it look like I am against "Intelligence" when in fact I am a big fan!
Btw, electoral college presents counts to Congress to tomorrow. Once DT's safely sworn in, predict we'll be seeing The Real Donald Trump, and I'm not referring to his tweets.
olddad56
(5,732 posts)He is doing what Putin tells him to do.
Historic NY
(37,451 posts)Triple-digit movement in the Dow (in either direction) is commonplace.
There probably isn't anything particularly significant about this one.
lastlib
(23,248 posts)you ain't seen nothin' YET!
I'll go out on a limb here and predict the S&P500 will drop at least 20% in 2017.
pangaia
(24,324 posts)Why do financial 'reports' early in the day say things like this, "U.S. equities traded mostly lower on Thursday,...."
When the day isn't even half over.....,.
Sometimes, probably usually, the upward or downward directions continues, but... sometimes not....
Eh, who cares,
George II
(67,782 posts)...even though it really makes them look stupid.
OH NO!!! The Dow dropped 100 point! Meanwhile it was up 100 earlier this week.
Yavin4
(35,442 posts)One day of the actual games, and 6 days of pulling shit out of their asses.
yardwork
(61,650 posts)George II
(67,782 posts)...seem to have to find a reason, correct or not, to rationalize any changes.
What changed today versus yesterday? Why didn't the Dow go down yesterday?
And they act like 100 points is a huge "plunge"! A 100 point drop today is roughly equivalent to a 10 point drop back when the Dow was only 2,000 points.
Even Jeremy Klein said "there is STILL a lot of uncertainty". Why didn't that "uncertainty" cause a drop only two days ago, when the Dow went UP 50 points?
Not faulting you, but it seems these guys make stuff up as they go along.
elleng
(130,974 posts)I've been 'surprised' at Dow's slow but steady continuing increase since the election. It crept up towards the 20,000 mark, but hasn't quite made it. We shall see. I'm not selling (yet.)
louis-t
(23,295 posts)He wants to see how much influence he can have over the markets from his phone. He's power crazy, and he's trying to figure out a way he can make a ton of money by being the president. That's what con artists do. He is constantly trying to figure out how to sell access and make it legal or hide it from the world.
cstanleytech
(26,295 posts)and instead at his hotel probably so he can use the fact that the president is staying there so as to get more people especially from other governments looking to do businesses with the US to book their stays there.
VWolf
(3,944 posts)Still waiting
OKNancy
(41,832 posts)DetlefK
(16,423 posts)An economy where the day-to-day whims of power-hungry madman disturb the natural balance of economy?
An economy where you can no longer make investment-predictions because some crazy-person could tank your stocks at any time?
Would you invest in such an economy?
louis-t
(23,295 posts)As they should.
DoBotherMe
(2,340 posts)It's posted every day for those of us who are interested.
tavernier
(12,392 posts)day for a portion of investors, rather than any garbage Trump spews. They've known for years that he's an idiot with oral diarrhea.
TheCowsCameHome
(40,168 posts)The Dow has large swings lately for any number of reasons.
George II
(67,782 posts)The great crash of 1987 was 500 points from 2400 points (which was an all-time record high).
Today's 100 points from about 19,900 is a hiccup, not a "fall". It's 1/5 the drop from almost 5X the baseline.
still_one
(92,219 posts)The DOW should never had gone up 2000 points after trump won. The uncertainty was there when that occurred.
The vast majority of the Wall Street analysts never saw the financial implosion, either.
In most of these analysts recommendations or advice, they are trying to generate traffic. More volume, means more money.
Personally, I believe that the economy is at great risk, not only under trump, but a republican congress. There is going to be more deregulation, they are going to try to repeal Dodd/Frank, and when the s**t hits the fan, we may end up with another great depression, especially if they initiate a trade war
Wellstone ruled
(34,661 posts)components. One is Goldman Sachs which is the real key to the DOW increase. And the other was a Tech stock. Two Stocks drove the average,but it sounds great for the PR wonks.
We are now seeing 70% or more of all Stock Trading is Computer . Scary yes.
The Bond rotation appears to be completed. And that is what really has driven the Averages and this started back in April.
Still expect a major sell off on the 21st,or the following Monday.
Achilleaze
(15,543 posts)EarthFirst
(2,900 posts)jimlup
(7,968 posts)and the bust will be historic. Maybe bigger than '08. I'm stowing retirement funds in safe places as I am able.
Wounded Bear
(58,670 posts)I suspect the bust is closer than you think. Remember, there is a trillion dollar bubble inflating over the education loans, that Bernie and Hillary had plans for. The Repubs have not acknowledged its existance, much like they pooh-poohed the housing bubble in pre-'08.
Wounded Bear
(58,670 posts)wait until the fertilizer hits the ventilator. We'll be talking in 1000's, not a measly 100.
elleng
(130,974 posts)@ 1:00 p.m. it's 'down' 74.
And at 1:25, it's down 67.
democratisphere
(17,235 posts)haele
(12,660 posts)Wait until a 100 pt. blip with a 50 pt. recovery starts becoming a 500 pt. blip with a 100 pt. recovery. Is the PPP still around?
I think it's more a factor of the majority of legitimate investors starting to have questions on insider trading by Trump and his cronies. If Trump Co. is rigging the system to rake in as much money as quickly as possible for their short term profit, there a huge risk to the market as a whole. Fiduciary trust - trust in general - is a major component in a healthy investment marketplace.
Banana Republics have never been good investments for people who are serious about businesses, retirements and life in general. One never knows when the group behind the easy money is going to just pull the plug and grab the pot, leaving everyone else standing around in their shorts.
Haele
elleng
(130,974 posts)Dow was down 42.87.
Closed at 19,899. Thanks Obama!
llmart
(15,540 posts)In December I had to mull over what to do about my IRA after Obama is gone and this jackass is ensconced in our White House and I'm seriously thinking of pulling out most of my retirement money from any stock mutual funds it's in. I kept thinking that most of us older people don't have the luxury to wait until he's gone, and we are the baby boomers after all, so if we all start pulling money out because of him the markets will tank.
I'm not an investment expert, but this just feels like something bad is about to happen and if I don't make the move soon, I'll regret it.