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Fund managers puzzled by market action that financial news organizations won't investigate
Why not ask the Fed and Treasury to identify the markets they are secretly trading in, and the CFTC if it regulates government trading or looks the other way?
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'Completely Bizarre' Stock Moves Leave Traders Scratching Heads
By Abhishek Vishnoi, Min Jeong Lee, and Matthew Burgess
Bloomberg News
Friday, December 28, 2018
As a turbulent December in equity markets draws to a close, there's one idea traders and investors can agree on: these are not usual times, especially for this time of year.
It's "completely bizarre," says Stephen Innes, head of trading for Asia Pacific at Oanda Corp. "It's incredible just how harmful markets veer when sentiment slides." ...
... Dispatch continues below ...
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Mark Matthews, head of Asia research at Bank Julius Baer & Co. in Singapore, says two "golden rules" have been broken. First, since 1945, December has produced the highest average gains of any month, he says, but this month is set to be the worst of the year. Second, since the 1970s, the S&P 500 has never slumped when earnings growth was more than 10 percent, according to him. ...
Over in Sydney, Sean Fenton is scratching his head. "It's certainly unusual for this time of year," the portfolio manager at Tribeca Investment Partners says of the market moves. "You see people take holidays and sort of shutting up shop, not surges in volatility." ...
... For the remainder of the report:
https://www.bloomberg.com/news/articles/2018-12-28/-completely-bizarre-s...
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