The Stock Market is about Money, It has “No Conscience”

The Stock Market is about Money, It has “No Conscience”

$DIA $SPY $QQQ $RUTX $VXX

Wall Street stocks extend rally despite the terrorist rioting sweeping the nation.

“At the end of the day, the market has no conscience. Investors are simply trying to make money, and that is why they are crowding into the stay-at-home economy stocks,” Jim Cramer said Tuesday, adding people still pick stocks because they are trying to make money.

Most investors believe that companies will be able to come out of this on the other side, actually in better shape, more efficient and streamlined.

The S&P 500 and the DJIA indexes marked 3-month highs Tuesday as optimism about the reopening of the economy after weeks of C-19 coronavirus chaos lockdowns countered concern over more disruptions from the terrorists street protests that have spread across the country.

Tuesday, the US major stock market indexes finished at: DJIA +267.63 at 25742.65, NAD Comp +56.33 at 9608.40, S&P 500 +25.09 at 3080.69

Volume: Trade on the NYSE came in at 1.0-B/shares exchanged.

  • NAS Comp +7.1% YTD
  • S&P 500 -4.6% YTD
  • DJIA -9.8% YTD
  • Russell 2000 -15.0% YTD

HefFX-LTN’s overall technical outlook on the major US stock market indexes is Very Bullish in here.

Looking Ahead: Investors will receive the ADP Employment Change report for May, the ISM Non-Manufacturing Index for May, Factory Orders for April, and the weekly MBA Mortgage Applications Index Wednesday.

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including 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.