The stronger the move on a head fake move, the stronger the fall. In addition to the F_E_D knee jerk reaction which was originally bullish and then traded down until JPM announced they passed the stress test at 3 p.m.
Watching some of the financials (I posted a couple compared to JPM-STI didn't look good), STI, C, MET and Ally Financial (GJM) are trading a bit interesting in AH.
JPM was pretty much the strongest in the financial test, they are trading down in AH by -.85%
The 4 that missed, C, STI, MET and GJM (except GJM which seems not to be trading) have moved off their lows.
Citi
On the close (see the light blue bid/ask)
STI
STI AH
Where STI is in AH compared to the close
MET
AH
On the close
ALLY which I can't pull on AH
And XLF..
XLF is down a bit.
Interestingly, AAPL is down a bit in AH. I think this is going to be an interesting night.
Updates as they occur.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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