President Trump, “‘Rich Guys’ Talking Down Stocks to Make a Profit”

President Trump, “‘Rich Guys’ Talking Down Stocks to Make a Profit”

$DIA $SPY $QQQ $RUTX

President Trump urged investors to be wary of “rich guys” using their platform to comment negatively about stocks, when they tend to profit from betting against the market.

The market has been trading laterly for the last 4.5 wks after coming off its best month in a generation, as optimism about reopening the economy Vs with worries about the dangers of lifting the C-19 coronavirus chaps restrictions too soon.

Wednesday, at the close: DJIA -516.81 to 23247.97, NAS Comp -139.38 to 8863.19, S&P 500 -50.12 to 2819.87

The S&P 500 lost 1.8% Wednesday in a broad-based decliner, as investors respected some cautious commentary from Fed Chairman Powell. The DJIA declined 2.2%, the NAS Com declined 1.6%, and the Russell 2000 declined 3.3%. 

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.