View allAll Photos Tagged Pullbacks
Really not a big drop considering the Dow was over 26,000. Only about 2.5% or so. I see the bull continuing to run in 2018 after maybe a little more to the downside.
From the Washington Post:
Thomas Heath, reporter
Dow drops 666 points and posts its worst week since 2016
The Dow Jones industrial average plunged 2.5 percent — closing down 666 points — Friday and suffering its worst week in two years as concerns over rising interest rates and inflation from an overheated economy caused a long-feared sell-off.
It was the worst day for stocks since President Trump took office. The retreat was a reversal from the bullish sentiment that has defined the markets for most of the past year. The stock market has been on a historic nine-year bull run.
All indexes were down Friday, with the tech-heavy Nasdaq falling 1.3 percent and the Standard and Poor’s 500-stock index down 1.6 percent.
The yield on the key 10-year Treasury spooked markets by reaching new highs at 2.84 percent. The 3 percent yield is looked at as a key threshold that can drive investors out of equities and into bonds.
The market drop came on a day when reports on increasing wages and tightening labor markets sent fears that interest rates will rise. The Commerce Department reported Friday that factory orders rose 6 percent last year, the measure’s best percentage increase since 2011.
The U.S. and world economies are so strong that people think the good times cannot last. Wall Street watchers are worried that the Federal Reserve under new chairman Jay Powell may overreact and boost rates, bringing the market run to a hard halt and slowing the U.S. economy.
“Rates are rising today specifically on the very good jobs numbers for January, and more importantly you have seen wage growth pop up to 2.9 percent year over year, which is a notable acceleration,” said Jeffrey Schulze, an investment strategist at ClearBridge Investments.
“It means you are going to see an inflation picture continuing to firm and strenghten over the course of 2018, which will drive 10-year Treasury yields higher and cause the Fed to reconsider its gradual pace of tightening,” Schulze said.
Friday’s retreat came two days after the market finished a powerhouse January, closing its best month in almost two years and the Dow up 5.8 percent to start the year.
Markets have turned more volatile after a relatively quiet 2017 and first month of 2018. Friday’s drop follows a big pullback earlier in the week, led downward by health-care stocks. Wall Street observers have continued to number of culprits conspiring against the bull market, including investors taking some chips off the table.
www.marketwatch.com/story/stagflation-concerns-mount-amer...
Stagflation concerns mount: Americans are increasingly worried about red-hot inflation, jobs and their own deteriorating finances
The latest read on consumer expectations from the New York Federal Reserve comes days after an inflation report for May that rattled markets
Consumer inflation expectations are back at record highs, but people have no plans to slow their spending, according to a regional Federal Reserve bank survey released Monday.
Households saw a 6.6% median inflation rate in the year ahead, tying a record high first set in March, according to the Federal Reserve Bank of New York’s consumer expectation survey.
“In contrast, the median three-year-ahead inflation expectations remained unchanged at 3.9%,” the Fed report said.
While people participating in the survey were more certain about persistent inflation, it showed record high levels of uncertainty about what the next three years have in store.
Concerns about stagflation — rising rates coupled with an increase in unemployment and slowing economic growth — also appear to be mounting. But it bears repeating that the U.S. is not anywhere close to double-digit unemployment, which comprises one of the technical definitions of stagflation.
Mean unemployment expectations — or the mean probability that the U.S. unemployment rate will be higher one year from now — rose for the third consecutive month to 38.6% in May from 36.3% in April, the Fed said. This is the highest reading since February 2021.
While U.S. unemployment claims jumped 27,000 to five-month high of 229,000 for the seven days ended June 4, raw or actual jobless claims were little changed. However, some economists say the economy is likely to slow in the months ahead as the Federal Reserve raises interest rates in an effort to keep a lid on inflation. Some companies have already cut back on their hiring plans, and even rescinded some offers. On a positive note: The unemployment rate was unchanged at 3.6% in May, near a 54-year low.
The latest New York Fed survey was released days after May’s red-hot inflation data amid murmurs of another looming recession. It also comes on the heels of several other consumer-sentiment surveys showing a pall of pessimism over American consumers.
In fact, expectations about median spending growth by households climbed to a record high of a 9%, the survey data showed. It’s the fifth straight increase for the New York Fed’s monthly gauge on consumer mood and outlook. Survey participants without college degrees and those in the 40 -60 demographic were under particular pressure to increase their spending, the survey suggested.
People are struggling to keep up with rising prices, as more respondents said their finances are worse now than they were a year ago. In fact, the average perceived chance of missing a minimum debt payment in the next three months increased by 0.4 percentage point to 11.1%. The Fed research notes the increase was “most pronounced” for the age 40-60 demographic.
The survey follows Friday’s release of inflation data showing year-over-year inflation rate of 8.6%, remaining at a 40-year high.
The “catastrophically bad” Consumer Price Index numbers burned investors Friday and the day ended with a sharp sell off. Adding to those pressures: The national average cost for a gallon of gas reached $5 on Saturday, according to AAA.
“The mean reported probability that U.S. stock prices will be higher 12 months from now decreased by 1.7 percentage point to 36.2%,” the New York Fed said.
The stock market is looking no better on Monday as the S&P 500 SPX could be poised to close in bear market territory, defined as a 20% pullback from a recent high. The Dow Jones Industrial Average DJIA was down more than 2% and the Nasdaq Composite COMP was down more than 4% in Monday morning trading.
The New York Fed survey comes days ahead of the Federal Reserve’s next decision on interest rate increases in its ongoing attempts to tame inflation. The Fed has already raised the benchmark rate twice. An increase in the benchmark rate causes other rates, including rates on credit cards and personal loans, to jump.
Perceptions of credit access slipped again in May, marking the fifth straight month where consumers say credit access is becoming more difficult.
Salome said, that she is a fotogenic - maybe she was joking, but that got her to be the model of today - and she was right. I had a quick stranger shooting with her - 13 pictures from beginning to end, 7 of them selected.
There was no time left to tell me what she does or what I should write, because she had to catch the bus (the location is the bus station - I am often in that area on fridays, have a look before my south Africa trip - because I get a free hour waiting for my son Lias to finish athletic training).
So thank you Salome for stepping in.
Send me a mail and you will get your picture.
Light: 430EX, 24mm, 1/2 power, 1/4 CTS in a lumiquest III, 4:00, maybe 50cm from her face, skyport.
See the pullback picture here.
See my 365 Project Blog.
This sim looks beautiful.....(it isn't b/w like on the pic tho hehe)
Outfit: Last Call: Cali
Hair: ETD: The Pullback III
Jewelery: Earthtones: Juliette
Shoes: Digital Knickers: Buckled Biker Boots(bottom part)
Kershaw 1550ST Tactical knife.
Pullback view of my knife lighting setup.
I used a large sheet or paper for background. This was from some office meeting room easel paper.
I also used a pad of paper to gobo some light between the knife and strobe. 1/60th at f6.7
image _DSC0459
Looking for a pattern, the combination of artificial and organic woke my interest. If I were you, I would hit the L button, to see this on black.
Light: 580EX on a ETTL Cable fro left, in a lumiquest III, from 8 o clock sideways.
This is a pullback shot of the dramatic scene: www.flickr.com/photos/32830690@N08/5941277899/
See my 365 Project Blog.
Pullback view of small dish of Beans and Rice casserole.
Nikon SB800, ebay trigger firing it at half power on a desktop setup. Large rollup paper from a conference room easel pad. 11x17 inch paper hung on the sides with strobe bouncing off of side. Extra pads of paper set upright for fill reflectors.
A big thanks to Adrian for alerting me to this el cheapo Hot Wheels copy now appearing at UK Poundstretcher stores. For the princely sum of just 69p which is noticeably cheaper than a crappy HTI Teamsterz generic you do get an unlicensed but recognisable 2010 Ford Mustang Shelby GT-500 look-a-like.
Made by Tian Hong but sold under Poundstretchers own Motor Madness brand its actually of rather acceptable quality.
A metal body with interior plus pullback function and semi-premium style alloy effect wheels.
Mint and boxed.
This race car is my first alternative model built out of set 42106. I built it for TC18 Contest organized by eurobricks. It features pullback motor, steering and easily detachable body. Building instructions will be available at www.buildinst.cz/en soon.
all assembled and ready to run. still in primer and now with the pullback bars on it for my wife (its her bike after all)
youtu.be/0lJwqWqu7sE - If you've never seen the 1917 movie, then this video is for you! We're going to recap the full movie story and give our opinion on it. From the amazing plot to the amazing acting, this movie is definitely worth watching!
On April 6, 1917, aerial surveillance discovered that the German army, which had retreated from a part of the Western Front located in northern France, is not in retreat but has instead conducted a strategic pullback to the new Hindenburg Line, where they are preparing to overwhelm the British with artillery. Two young British troops, Lance Corporals William Schofield, a veteran of the Somme, and Tom Blake, are ordered by General Erinmore to take a message to Colonel Mackenzie of the Second Battalion of the Devonshire Regiment. The message is to call off a scheduled offensive that would put the lives of 1,600 men, including Blake's brother Lieutenant Joseph Blake, in jeopardy.
VOCALOID Plus NENDOROID rides on a pullback motor! Pull back the car and put the nendoroid figure on it. The car starts running! Pick up your favorite VOCALOID Plus NENDROID from Hatsune Miku, Kagamine Rin, Kagamine Len and Megurine Luka!
Buying so much new Tomica from Japan and Hong Kong recently has definitely raised the credibility of my collection and given it a thorough refresh. But old habits die hard and its time to get down and dirty with some cheapo Chinese offerings!
Sold in various Japanese Daiso discount stores where most items are still only 100 Yen which is equivalent to about 50p so expectations of the diecasts they stocked were very very low!
Made by an unknown toy manufacturer who have a penchant for copying Matchbox so one can only assume this is a terribly cheapened knock off of their 1942 Willys Jeep. They've made an already simple looking vehicle look even more so which is quite some feat with virtually no cast in detailing yet for that tiny price point it does have a pullback motor and rather stylish looking wheels.
Mint and boxed.