- WATCH: Packers fans forced to pay massive bar tabs after cheering Aaron Rodgers’ injury in Jets debut CBS Sports
- Aaron Rodgers bar promotion leads to distraught Packers fans after insane Bills loss USA TODAY
- Fans at Wisconsin Bar Promising Free Drinks for Jets Losses Left in Stunned Silence by Winning Punt Return Sports Illustrated
- ‘I’m thinking with my wallet’: As bar offers free beer, fans root against Rodgers ‘I’m thinking with my wallet’: As bar offers free beer, fans root against Rodgers WDJT
- Milwaukee bar bets on Jets loss | FOX6 News Milwaukee FOX6 News Milwaukee
- View Full Coverage on Google News
Tag Archives: cheering
‘Parade’ Director Gets Tonys Crowd Cheering With Support of Jewish, LGBTQ Communities: “We Will Fight Alongside You and We Will Win” – Hollywood Reporter
- ‘Parade’ Director Gets Tonys Crowd Cheering With Support of Jewish, LGBTQ Communities: “We Will Fight Alongside You and We Will Win” Hollywood Reporter
- Tony Awards 2023 LIVE — Fans call Michael Arden ‘iconic’ after NSFW acceptance speech – full winners list r… The US Sun
- Michael Arden 2023 Tonys Awards Speech Parade Magazine
- Tony-Winning Director Reclaims F-Slur in Victory Speech The Daily Beast
- What Michael Arden Said During His Censored Tony Awards Acceptance Speech Broadway World
- View Full Coverage on Google News
Russians are cheering defeats of Western-made tanks. Their optimism may prove premature. – Yahoo News
- Russians are cheering defeats of Western-made tanks. Their optimism may prove premature. Yahoo News
- The Ukrainian Army Lost Bradley Fighting Vehicles And A Leopard 2 Tank Trying And Failing To Breach Russian Defenses In Southern Ukraine Forbes
- Russia claims it blew up advanced Ukrainian tank, but video shows its helicopter attacked a tractor New York Post
- Ukraine War: US-Supplied Bradley ‘Bites The Dust’ As First Destruction Of Tanks, IFVs Is Reported Along The Frontlines EurAsian Times
- Social Media ‘Armchair Generals’ Are Focused On The Losses Of The Leopard 2 MBT In Ukraine Forbes
- View Full Coverage on Google News
Why stock market bulls are cheering the S&P 500’s close above 4,231
The S&P 500 index on Friday finished above a chart level that delivered a dose of encouragement to stock-market bulls arguing that the U.S. bear-market bottom is in, though technical analysts warned that it might not be a signal to go all in on equities.
The S&P 500
SPX,
+1.73%
on Friday rose 1.7% to close at 4,280.15. The finish above 4,231 would mean the large-cap benchmark has recovered — or retraced — more than 50% of its fall from a Jan. 3 record finish at 4796.56.
“Since 1950 there has never been a bear market rally that exceeded the 50% retracement and then gone on to make new cycle lows,” said Jonathan Krinsky, chief market technician at BTIG, in a note earlier this month.
Stocks rose across the board Friday, with the S&P 500 booking a fourth straight weekly gain. The Dow Jones Industrial Average
DJIA,
+1.27%
advanced more than 420 points, or 1.3%, on Friday and the Nasdaq Composite
COMP,
+2.09%
rose 2.1%. The S&P 500 attempted to complete the retracement in Thursday’s session, when it traded as high as 4,257.91, but gave up gains to end at 4,207.27.
Krinsky, in a Thursday update, had noted that an intraday breach of the level doesn’t cut it, but had cautioned that a close above 4,231 would still leave him cautious about the near-term outlook.
“Because the retracement is based on a closing basis, we would want to see a close above 4,231 to trigger that signal. Whether or not that happens, however, the tactical risk/reward looks poor to us here,” he wrote.
What’s so special about a 50% retracement? Many technical analysts pay attention to what’s known as the Fibonacci ratio, attributed to a 13th century Italian mathematician known as Leonardo “Fibonacci” of Pisa. It’s based on a sequence of whole numbers in which the sum of two adjacent numbers equals the next highest number (0,1,1,2,3,5,8,13, 21 …).
If a number in the sequence is divided by the next number, for example 8 divided by 13, the result is near 0.618, a ratio that’s been dubbed the Golden Mean due to its prevalence in nature in everything from seashells to ocean waves to proportions of the human body. Back on Wall Street, technical analysts see key retracement targets for a rally from a significant low to a significant peak at 38.2%, 50% and 61.8%, while retracements of 23.6% and 76.4% are seen as secondary targets.
The push above the 50% retracement level during Thursday’s recession may have contributed to a round of selling itself, said Jeff deGraaf, founder of Renaissance Macro Research, in a Friday note.
He observed that the retracement corresponded to a 65-day high for the S&P 500, offering another indication of an improving trend in a bear market as it represents the highest level of the last rolling quarter. A 65-day high is often seen as a default signal for commodity trading advisers, not just in the S&P 500 but in commodity, bond and forex markets as well.
“That level coincidentally corresponded with the 50% retracement level of the bear market,” he wrote. “In essence, it forced the hand of one group to cover shorts (CTAs) while simultaneously giving another group (Fibonacci followers) an excuse to sell” on Thursday.
Krinsky, meanwhile, cautioned that previous 50% retracements in 1974, 2004 and 2009 all saw decent shakeouts shortly after clearing that threshold.
“Further, as the market has cheered ‘peak inflation’, we are now seeing a quiet resurgence in many commodities, and bonds continue to weaken,” he wrote Thursday.
See: Stock-market euphoria meets bond-market pessimism as ‘strange week’ comes to end
Fauci: ‘Horrifying’ to hear CPAC crowd cheering anti-vaccination remarks
Dr. Anthony FauciAnthony FauciPfizer to brief US health officials on coronavirus booster shot: report Sunday shows preview: Biden defends troop withdrawal in Afghanistan; COVID-19 impacting unvaccinated pockets Fauci says Pfizer head apologized for not giving ‘heads up’ on booster announcement MORE said on Sunday that he was horrified to hear the crowd at a conservative gathering this weekend cheering anti-vaccination comments.
“It’s horrifying. I mean, they are cheering about someone saying that it’s a good thing for people not to try and save their lives,” Fauci told host Jake Tapper
Fauci also said that it was “almost frightening” for people to say that they don’t want health officials to save their lives.
“I mean, if you just unpack that for a second, Jake, it’s almost frightening to say, hey, guess what, we don’t want you to do something to save your life,” Fauci said.
“Yay. Everybody starts screaming and clapping. I just don’t get that,” he added. “I don’t think that anybody who is thinking clearly can get that. What is that all about? I don’t understand that, Jake.”
“It’s horrifying … it’s almost frightening” — Dr. Fauci
Anthony FauciPfizer to brief US health officials on coronavirus booster shot: report Sunday shows preview: Biden defends troop withdrawal in Afghanistan; COVID-19 impacting unvaccinated pockets Fauci says Pfizer head apologized for not giving ‘heads up’ on booster announcement MORE on CPAC attendees cheering against Covid vaccinations pic.twitter.com/QUplEFb1s7 — Aaron Rupar (@atrupar) July 11, 2021
Fauci was responding to a clip of conservative author Alex Berenson, who spoke at CPAC on Saturday.
“The government was hoping that they could sort of sucker 90 percent of the population into getting vaccinated,” Berenson told the crowd.
“And it isn’t happening,” he added to applause.
Tapper also asked Fauci about a former Health and Human Services Secretary Obama Kathleen Sebelius
Fauci said that he’s in favor of that idea, adding that he anticipates more demand for the vaccines once they are formally approved by the Food and Drug Administration (FDA).
“So these vaccines are as good as officially approved with all the I’s dotted and the T’s crossed. It hasn’t been done yet because the FDA has to do certain things, but it’s as good as done,” Fauci said. “So, people should really understand that. But they are waiting now until you get an official approval before. And I think, when you do see the official approval, Jake, you are going to see a lot more mandates.”
The Centers of Disease Control and Prevention in guidance on Friday encouraged schools nationwide to open for in-person learning this fall.