02/21/2025 Live Update

[JFR]

ES 5 minutes.

Steady on down.

The bears are kicking the bulls. Lots of fear out there. Economics, world instability and politics. Are humans going to destroy the planet? Can Musk make Mars habitable? Only if you live in a bubble. Gawd help the young on Planet Earth.

[JFR]

https://www.cnbc.com/2025/02/20/stock-m ... dates.html

Stocks sold off on Friday as new U.S. data sparked concern among investors over a slowing economy and sticky inflation, leading them in search of safer assets.

Losses increased into the close as traders feared staying long into a weekend that could bring another barrage of headlines from the Trump administration, which has proposed a flurry of tariffs and other market-moving policy changes since taking charge a month ago.

[Cobra]

Pennant, so probably still another push down, usually small leg.

[JFR]

https://apnews.com/article/stock-market ... 454d753d06

Fasten your seat belt. Buckle up.

Stock market today: Dow drops 700 as US businesses and consumers worry about tariffs and Washington

NEW YORK (AP) — U.S. stocks are falling sharply Friday after reports showed worries about President Donald Trump’s policies may be hitting the U.S. economy.

“Companies report widespread concerns about the impact of federal government policies, ranging from spending cuts to tariffs and geopolitical developments,” said Chris Williamson, chief business economist at S&P Global Market Intelligence. “Sales are reportedly being hit by the uncertainty caused by the changing political landscape, and prices are rising amid tariff-related price hikes from suppliers.”

A separate report said U.S. consumers are also preparing for higher inflation, in part because of potential tariffs that could raise prices for all kinds of imports. They’re broadly expecting prices to be 4.3% higher 12 months from now, which is a big jump from their forecast of 3.3% inflation last month, according to a survey by the University of Michigan. That fits with preliminary data the survey suggested earlier this month.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377