STOCK MARKET WATCH -- Wednesday, 16 August 2023

[Tansy_Gold]

STOCK MARKET WATCH, Wednesday, 16 August 2023

Previous SMW:
SMW for 15 August 2023



AT THE CLOSING BELL ON 15 August 2023


Dow Jones 34,946.39 -361.24 (1.02%)
S&P 500 4,437.86 -51.86 (1.16%)
Nasdaq 13,631.05 -157.28 (1.14%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:













Gold & Silver:






Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

In late August, when the press uncovered the source of the money used to pay for the break-in, and the Re-election Committee’s Finance Committee became the target of a long string of stories, its chairman, Maurice H. Stans, was named a principal defendant in O’Brien’s civil suit. Treasurer Hugh Sloan was under attack for having passed money to Liddy on Stans’s authority. Former general counsel Gordon Liddy was being painted as a wild man, a notion that was not discouraged by the White House. We wanted Liddy to sound like a man strange enough to have pulled Watergate off on his own.

John W. Dean. Blind Ambition: The White House Years. Simon & Schuster © 1976.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

1. Sea of red ink today

Last edited Wed Aug 16, 2023, 06:49 AM - Edit history (1)

Value and growth both took a hit. In my watchlist everything moved to a destination by 11 am and pretty much stayed there all day. This has the look of a lack of buying that will continue for awhile, at least to me, a grind down where increasingly investors decide to raise some cash and take a little off the table, and then a little more, and hit me again.

So as it turns out on a deeper dive, ETRADE from Morgan Stanley remains the same except for their managed portfolios which become Morgan Stanley Smith Barney. Seems like every bank is rebranding, new platforms being installed. I suspect this is security based. How did this all happen this summer?