Corrie Driebusch
speaker
416 appearances
8 recordings
1 series
first heard Oct 2018
last heard Oct 2024
Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.
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Appearances
And it kind of led to selling winners and almost kind of taking those profits off the table and maybe deciding whether or not maybe I should put them into safer, quote unquote, safer stocks like utilities, or maybe I should put them into bonds.
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And so it's been kind of a funny thing to watch the last two days that...
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Bond yields are going up.
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The stock market is going down.
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But utility shares are going up, which you never think that utilities go up at the same time as bond yields.
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But that's how it all, the convoluted description of what's going on.
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It was funny.
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Right after the jobs report came out this morning, you saw the knee-jerk reaction of, in the first brief moments, bond yields went down a little bit and stock futures went up.
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And then everyone kind of readjusted and yields continued to go back up and stock futures then went back down.
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into negative.
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And it was funny because I think it was a weaker than expected number, but it was pretty easy to justify of maybe caused by the hurricane last month, which as I talked to one analyst who was saying it was a very slow moving hurricane.
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So it really wiped out work and changed things for almost a full week.
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It wasn't just a one day affair.
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Well, if you can remember correctly, that tech has been such a big winner all year.
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So if investors are trying to look to take some money off the table or just take some profits while they can, and I know that's not the most exciting description, profit-taking, but from all the traders that I spoke to, they said this wasn't like a panicked selling that we were seeing on Friday and Thursday.
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It was more of a let's trim some positions.
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And
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Tech is an easy area to trim, and so is consumer discretionary, another one of the big decliners the last couple days.
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Yes.
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So something pretty interesting about volatility.
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Showing 381–400 of 416 · page 20 of 21
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