Talk about the Monday blahs. Today, it has that classic anticlimactic feeling that often happens the session following the jobs report. It’s exacerbated with the fact we just finished earnings season as well.
Buyers are around but they are still very selective looking for slight dips. Meanwhile, the main characteristic of today’s session is the action in oversold sectors and names, including Fannie Mac (FMCC) and Freddie Mac (FNMA).
They are obviously still high risk but if they are released from conservatorship, it could be huge investments. A point underscored by the action in FMCC +22% FNMA +23%.
Should these GSEs be freed?
Russell 2000 is outperforming the big three but has trailed all year only up 12.5% for 2019 and -11.5% over the past one-year period.
|No comment on T? It's back down to $36|
P Conley on 9/9/2019 3:50:36 PM
|We're not in the stock and I'm probably not going to be a buyer until I see fundamental changes. Elliott Management made good points but about issues at the company which is why i would wait before forcing the issue. CP|
Charles Payne on 9/9/2019 4:42:07 PM
|This is not Dip this is Free Fall Can't wait to here excuse today why down|
garry brewer on 9/10/2019 10:02:16 AM
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